Janus Henderson Group PLC Boosts Stock Position in United States Steel Co. (NYSE:X)

Janus Henderson Group PLC boosted its holdings in shares of United States Steel Co. (NYSE:X) by 94.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,043 shares of the basic materials company’s stock after purchasing an additional 102,450 shares during the quarter. Janus Henderson Group PLC’s holdings in United States Steel were worth $8,601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of X. Norges Bank purchased a new stake in United States Steel during the 4th quarter worth approximately $200,952,000. KRYGER CAPITAL Ltd acquired a new position in shares of United States Steel in the 4th quarter worth approximately $95,529,000. Segantii Capital Management Ltd acquired a new position in shares of United States Steel in the 4th quarter worth approximately $68,840,000. Bank of Nova Scotia acquired a new position in shares of United States Steel in the 4th quarter worth approximately $53,338,000. Finally, ING Groep NV acquired a new position in shares of United States Steel in the 4th quarter worth approximately $49,769,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Trading Down 1.1 %

NYSE:X opened at $40.65 on Friday. United States Steel Co. has a 12-month low of $22.26 and a 12-month high of $50.20. The firm has a market capitalization of $9.14 billion, a P/E ratio of 11.92 and a beta of 1.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.14. The business has a 50 day simple moving average of $38.16 and a 200 day simple moving average of $41.04.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. United States Steel had a return on equity of 10.61% and a net margin of 4.89%. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.22 billion. Equities research analysts predict that United States Steel Co. will post 2.38 EPS for the current year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

Wall Street Analysts Forecast Growth

X has been the subject of several research reports. StockNews.com initiated coverage on United States Steel in a research report on Friday, July 26th. They issued a “hold” rating for the company. Morgan Stanley upgraded United States Steel from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $51.00 to $48.00 in a research report on Monday, May 6th. Jefferies Financial Group initiated coverage on United States Steel in a research report on Monday, May 20th. They issued a “buy” rating and a $45.00 target price for the company. Wolfe Research upgraded United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. reduced their price objective on United States Steel from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $40.00.

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.