Frank Rimerman Advisors LLC boosted its position in POSCO (NYSE:PKX – Free Report) by 68.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,631 shares of the basic materials company’s stock after buying an additional 15,331 shares during the period. Frank Rimerman Advisors LLC’s holdings in POSCO were worth $2,201,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of POSCO by 5.1% in the fourth quarter. State Street Corp now owns 850,425 shares of the basic materials company’s stock valued at $45,251,000 after acquiring an additional 41,381 shares in the last quarter. Goldman Sachs Group Inc. increased its position in POSCO by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 423,253 shares of the basic materials company’s stock worth $20,117,000 after purchasing an additional 154,100 shares during the period. BNP Paribas Financial Markets raised its stake in shares of POSCO by 8.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 259,374 shares of the basic materials company’s stock worth $12,577,000 after buying an additional 19,312 shares in the last quarter. UBS Group AG raised its stake in shares of POSCO by 135.6% during the 4th quarter. UBS Group AG now owns 199,914 shares of the basic materials company’s stock worth $10,637,000 after buying an additional 115,069 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of POSCO in the 3rd quarter valued at approximately $8,851,000.
Analyst Upgrades and Downgrades
PKX has been the topic of a number of analyst reports. Wall Street Zen downgraded POSCO from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. UBS Group raised POSCO from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Weiss Ratings lowered shares of POSCO from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of POSCO from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.
POSCO Stock Up 0.2%
Shares of NYSE PKX opened at $51.35 on Thursday. POSCO has a 12-month low of $44.99 and a 12-month high of $92.40. The company has a market capitalization of $15.53 billion, a PE ratio of 30.38 and a beta of 1.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.90 and a quick ratio of 1.30. The firm’s 50-day moving average is $67.49 and its two-hundred day moving average is $62.99.
POSCO (NYSE:PKX – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. POSCO had a return on equity of 1.34% and a net margin of 1.19%.The firm had revenue of $11.88 billion during the quarter, compared to the consensus estimate of $11.75 billion. Equities analysts anticipate that POSCO will post 4.43 EPS for the current fiscal year.
About POSCO
POSCO (NYSE: PKX) is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea’s industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world’s largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.
The company’s primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.
Read More
- Five stocks we like better than POSCO
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with MarketBeat.com's FREE daily email newsletter.
