AT Bancorp Has $297,000 Stake in United States Steel Co. (X)

AT Bancorp decreased its position in United States Steel Co. (NYSE:X) by 60.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,299 shares of the basic materials company’s stock after selling 24,698 shares during the period. AT Bancorp’s holdings in United States Steel were worth $297,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of X. Mechanics Bank Trust Department lifted its holdings in shares of United States Steel by 4.1% in the 4th quarter. Mechanics Bank Trust Department now owns 12,653 shares of the basic materials company’s stock worth $231,000 after acquiring an additional 500 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of United States Steel by 7.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,446 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 724 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of United States Steel by 0.4% in the 4th quarter. Retirement Systems of Alabama now owns 229,840 shares of the basic materials company’s stock worth $4,192,000 after acquiring an additional 813 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of United States Steel by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 70,736 shares of the basic materials company’s stock worth $1,290,000 after acquiring an additional 899 shares during the last quarter. Finally, Honeywell International Inc. lifted its holdings in shares of United States Steel by 0.3% in the 4th quarter. Honeywell International Inc. now owns 299,400 shares of the basic materials company’s stock worth $5,461,000 after acquiring an additional 1,000 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

United States Steel stock opened at $19.79 on Tuesday. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 3.69, a price-to-earnings-growth ratio of 1.07 and a beta of 2.87. United States Steel Co. has a 52-week low of $17.08 and a 52-week high of $40.26. The company has a current ratio of 1.51, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55.

United States Steel (NYSE:X) last announced its quarterly earnings data on Wednesday, January 30th. The basic materials company reported $1.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.83 by ($0.01). United States Steel had a net margin of 7.86% and a return on equity of 25.39%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the business posted $0.76 earnings per share. United States Steel’s revenue for the quarter was up 17.8% compared to the same quarter last year. Equities analysts expect that United States Steel Co. will post 2.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Wednesday, February 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, February 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.01%. United States Steel’s payout ratio is 3.73%.

X has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of United States Steel from a “hold” rating to a “strong sell” rating in a report on Saturday, January 12th. Jefferies Financial Group lowered shares of United States Steel from a “buy” rating to a “hold” rating and set a $21.15 target price on the stock. in a report on Tuesday, January 22nd. Berenberg Bank upgraded shares of United States Steel from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, February 21st. Longbow Research lowered shares of United States Steel from a “buy” rating to a “neutral” rating and set a $21.40 target price on the stock. in a report on Friday, January 18th. Finally, Morgan Stanley upgraded shares of United States Steel from an “underweight” rating to an “equal weight” rating and set a $22.00 target price on the stock in a report on Monday, January 28th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. United States Steel has a consensus rating of “Hold” and a consensus price target of $29.27.

In other news, CFO Kevin Bradley acquired 10,000 shares of United States Steel stock in a transaction dated Friday, February 15th. The shares were acquired at an average cost of $22.79 per share, for a total transaction of $227,900.00. Following the acquisition, the chief financial officer now owns 122,830 shares of the company’s stock, valued at $2,799,295.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.01% of the stock is currently owned by company insiders.

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United States Steel Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets and tin mill products, as well as all iron ore and coke.

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

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