Swiss National Bank Buys 5,900 Shares of United States Steel Co. (X)
Swiss National Bank boosted its holdings in United States Steel Co. (NYSE:X) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 298,000 shares of the basic materials company’s stock after purchasing an additional 5,900 shares during the period. Swiss National Bank owned about 0.17% of United States Steel worth $10,487,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. lifted its holdings in United States Steel by 22.0% during the 3rd quarter. Pacer Advisors Inc. now owns 33,080 shares of the basic materials company’s stock worth $849,000 after buying an additional 5,961 shares during the last quarter. California State Teachers Retirement System raised its position in shares of United States Steel by 1.9% during the 2nd quarter. California State Teachers Retirement System now owns 321,357 shares of the basic materials company’s stock worth $7,114,000 after purchasing an additional 6,028 shares during the period. Honeywell International Inc. raised its position in shares of United States Steel by 20.1% during the 3rd quarter. Honeywell International Inc. now owns 600,400 shares of the basic materials company’s stock worth $15,406,000 after purchasing an additional 100,400 shares during the period. Alpha Windward LLC acquired a new stake in shares of United States Steel during the 3rd quarter worth approximately $502,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of United States Steel during the 3rd quarter worth approximately $2,078,000. 68.34% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Sara A. Greenstein sold 2,613 shares of United States Steel stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $45.33, for a total transaction of $118,447.29. Following the sale, the vice president now directly owns 51,250 shares of the company’s stock, valued at $2,323,162.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Colleen M. Darragh sold 1,060 shares of United States Steel stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $37.85, for a total value of $40,121.00. Following the sale, the vice president now directly owns 18,076 shares in the company, valued at $684,176.60. The disclosure for this sale can be found here. Insiders sold 128,831 shares of company stock worth $5,195,060 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.
United States Steel Co. (NYSE X) opened at $38.43 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $6,760.00, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.25 and a beta of 2.79. United States Steel Co. has a 1-year low of $18.55 and a 1-year high of $47.64.
United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.10 billion. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. equities research analysts anticipate that United States Steel Co. will post 4.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were paid a $0.05 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. United States Steel’s payout ratio is presently 11.63%.
United States Steel Profile
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).
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