POSCO (PKX) Holdings Lifted by Greenleaf Trust

Greenleaf Trust lifted its holdings in POSCO (NYSE:PKX) by 8.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,204 shares of the basic materials company’s stock after acquiring an additional 896 shares during the quarter. Greenleaf Trust’s holdings in POSCO were worth $739,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PKX. Wells Fargo & Company MN increased its stake in shares of POSCO by 43.2% in the first quarter. Wells Fargo & Company MN now owns 9,508 shares of the basic materials company’s stock worth $750,000 after acquiring an additional 2,869 shares during the period. BlackRock Inc. increased its stake in shares of POSCO by 36.7% in the first quarter. BlackRock Inc. now owns 405,650 shares of the basic materials company’s stock worth $31,986,000 after acquiring an additional 109,002 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of POSCO in the first quarter worth $2,699,000. Millennium Management LLC acquired a new stake in shares of POSCO in the first quarter worth $14,428,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of POSCO by 37.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 3,916 shares of the basic materials company’s stock worth $309,000 after acquiring an additional 1,062 shares during the period. Hedge funds and other institutional investors own 5.14% of the company’s stock.

A number of analysts have recently weighed in on PKX shares. Daiwa Capital Markets started coverage on shares of POSCO in a research note on Monday, September 10th. They issued an “outperform” rating on the stock. ValuEngine lowered shares of POSCO from a “hold” rating to a “sell” rating in a research note on Saturday, July 14th. Zacks Investment Research lowered shares of POSCO from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Finally, Goldman Sachs Group lowered shares of POSCO from a “buy” rating to a “neutral” rating in a research note on Monday, October 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. POSCO presently has an average rating of “Hold” and a consensus target price of $98.00.

NYSE:PKX opened at $57.62 on Thursday. The firm has a market capitalization of $19.62 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.29. POSCO has a 1-year low of $55.40 and a 1-year high of $93.12. The company has a current ratio of 1.67, a quick ratio of 1.14 and a debt-to-equity ratio of 0.20.

POSCO (NYSE:PKX) last released its quarterly earnings data on Tuesday, September 4th. The basic materials company reported $1.56 earnings per share for the quarter. The firm had revenue of $14.96 billion for the quarter. POSCO had a net margin of 4.77% and a return on equity of 6.21%. Research analysts predict that POSCO will post 9.35 EPS for the current fiscal year.

About POSCO

POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized and electrical galvanized steel, electrical and stainless steel, automotive materials, titanium, magnesium, and aluminum-plated products.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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