Kapitalo Investimentos Ltda Buys Shares of 9,244 United States Steel Co. (NYSE:X)

Kapitalo Investimentos Ltda purchased a new position in shares of United States Steel Co. (NYSE:X) during the third quarter, Holdings Channel.com reports. The fund purchased 9,244 shares of the basic materials company’s stock, valued at approximately $327,000.

Several other hedge funds have also made changes to their positions in X. Scarborough Advisors LLC bought a new position in United States Steel during the 4th quarter worth $49,000. Rise Advisors LLC boosted its holdings in shares of United States Steel by 31.0% during the first quarter. Rise Advisors LLC now owns 2,608 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 617 shares during the period. Range Financial Group LLC grew its position in shares of United States Steel by 25.4% during the first quarter. Range Financial Group LLC now owns 5,440 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 1,101 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of United States Steel in the 1st quarter worth about $29,000. Finally, Atlas Capital Advisors LLC lifted its position in United States Steel by 178.8% in the 1st quarter. Atlas Capital Advisors LLC now owns 8,516 shares of the basic materials company’s stock valued at $347,000 after purchasing an additional 5,461 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on X shares. JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $40.00 to $42.00 in a research report on Monday, September 9th. BMO Capital Markets raised United States Steel from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $43.00 to $45.00 in a report on Wednesday, June 26th. Glj Research raised United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a research note on Monday, September 9th. Morgan Stanley increased their price target on United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, BNP Paribas raised United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United States Steel has an average rating of “Moderate Buy” and an average target price of $40.62.

United States Steel Price Performance

Shares of United States Steel stock opened at $36.97 on Wednesday. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $50.20. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.32 billion, a PE ratio of 16.50 and a beta of 1.87. The company’s 50-day moving average price is $36.93 and its two-hundred day moving average price is $37.91.

United States Steel (NYSE:X) last released its earnings results on Thursday, August 1st. The basic materials company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. The business’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 EPS. As a group, sell-side analysts anticipate that United States Steel Co. will post 2.17 EPS for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, August 12th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, August 12th. United States Steel’s dividend payout ratio is presently 8.93%.

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.