Guggenheim Capital LLC Raises Position in United States Steel Co. (NYSE:X)

Guggenheim Capital LLC increased its holdings in United States Steel Co. (NYSE:X) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,935 shares of the basic materials company’s stock after purchasing an additional 1,267 shares during the period. Guggenheim Capital LLC’s holdings in United States Steel were worth $576,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC purchased a new stake in shares of United States Steel during the 4th quarter valued at $525,000. ARS Investment Partners LLC purchased a new stake in United States Steel during the fourth quarter valued at about $15,510,000. Heck Capital Advisors LLC acquired a new stake in United States Steel during the fourth quarter worth about $554,000. Raymond James Financial Inc. acquired a new stake in United States Steel during the fourth quarter worth about $2,844,000. Finally, IFP Advisors Inc raised its holdings in shares of United States Steel by 81.8% in the 4th quarter. IFP Advisors Inc now owns 1,405 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 632 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Stock Up 0.9 %

Shares of NYSE X opened at $42.65 on Friday. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 1.53 and a beta of 1.79. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $46.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The stock’s 50-day simple moving average is $40.43 and its 200-day simple moving average is $38.04.

United States Steel (NYSE:X) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. As a group, equities analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. United States Steel’s payout ratio is currently 13.42%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BMO Capital Markets reissued a “market perform” rating and set a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. Morgan Stanley increased their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. Bank of America began coverage on shares of United States Steel in a report on Monday, January 6th. They set a “neutral” rating and a $35.00 target price on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $38.00 price target (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. Finally, Jefferies Financial Group reduced their price objective on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, United States Steel presently has an average rating of “Hold” and a consensus target price of $39.94.

United States Steel Profile

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