First Republic Investment Management Inc. reduced its position in United States Steel Co. (NYSE:X) by 31.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,439 shares of the basic materials company’s stock after selling 4,869 shares during the period. First Republic Investment Management Inc.’s holdings in United States Steel were worth $268,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Advisor Group Inc. lifted its stake in United States Steel by 3.2% in the 2nd quarter. Advisor Group Inc. now owns 9,834 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 308 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in United States Steel by 10.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock valued at $154,000 after purchasing an additional 674 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in United States Steel by 1.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 52,267 shares of the basic materials company’s stock valued at $1,157,000 after purchasing an additional 889 shares during the last quarter. Flinton Capital Management LLC lifted its stake in United States Steel by 1.8% in the 2nd quarter. Flinton Capital Management LLC now owns 51,660 shares of the basic materials company’s stock valued at $1,144,000 after purchasing an additional 924 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its stake in United States Steel by 2.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 46,239 shares of the basic materials company’s stock valued at $1,024,000 after purchasing an additional 939 shares during the last quarter. Institutional investors and hedge funds own 64.22% of the company’s stock.

Several brokerages have issued reports on X. Macquarie began coverage on shares of United States Steel in a research report on Wednesday, September 6th. They set an “outperform” rating and a $31.00 price objective for the company. Standpoint Research downgraded shares of United States Steel from a “buy” rating to a “reduce” rating in a research report on Tuesday, September 5th. Jefferies Group restated a “buy” rating on shares of United States Steel in a research report on Monday, September 18th. Axiom Securities upgraded shares of United States Steel from a “sell” rating to a “hold” rating and cut their price objective for the stock from $41.83 to $18.55 in a research report on Monday, December 11th. Finally, BMO Capital Markets restated a “market perform” rating on shares of United States Steel in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.61.

Shares of United States Steel Co. (NYSE:X) opened at $33.43 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.89 and a quick ratio of 1.23. United States Steel Co. has a 1 year low of $18.55 and a 1 year high of $41.83. The firm has a market cap of $5,573.58, a P/E ratio of 22.27 and a beta of 3.00.

United States Steel (NYSE:X) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. analysts predict that United States Steel Co. will post 1.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. United States Steel’s payout ratio is 29.85%.

In related news, SVP Sara A. Greenstein sold 3,606 shares of United States Steel stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.00, for a total value of $108,180.00. Following the transaction, the senior vice president now directly owns 51,744 shares of the company’s stock, valued at $1,552,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David J. Rintoul sold 10,883 shares of United States Steel stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $33.50, for a total transaction of $364,580.50. Following the completion of the transaction, the senior vice president now directly owns 61,279 shares in the company, valued at $2,052,846.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,708 shares of company stock valued at $1,349,921. 1.00% of the stock is owned by company insiders.

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About United States Steel

United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).

Institutional Ownership by Quarter for United States Steel (NYSE:X)

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