Cambridge Investment Research Advisors Inc. Sells 1,755 Shares of United States Steel Co. (NYSE:X)

Cambridge Investment Research Advisors Inc. decreased its position in United States Steel Co. (NYSE:X) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 51,184 shares of the basic materials company’s stock after selling 1,755 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in United States Steel were worth $1,935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of United States Steel in the fourth quarter worth about $33,000. Natixis Advisors L.P. grew its position in shares of United States Steel by 21.6% in the 4th quarter. Natixis Advisors L.P. now owns 27,887 shares of the basic materials company’s stock worth $1,356,000 after buying an additional 4,956 shares during the last quarter. M&T Bank Corp increased its stake in shares of United States Steel by 10.6% during the fourth quarter. M&T Bank Corp now owns 11,348 shares of the basic materials company’s stock valued at $552,000 after buying an additional 1,084 shares during the period. Machina Capital S.A.S. purchased a new stake in United States Steel in the fourth quarter worth $662,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in United States Steel by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,498,737 shares of the basic materials company’s stock valued at $121,564,000 after acquiring an additional 94,080 shares in the last quarter. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Performance

Shares of X opened at $37.91 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The stock has a market cap of $8.52 billion, a P/E ratio of 11.12 and a beta of 1.93. The business’s 50 day moving average price is $39.13 and its 200-day moving average price is $39.87. United States Steel Co. has a 52 week low of $30.02 and a 52 week high of $50.20.

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 the consensus estimate of $0.72 by $0.12. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was down 17.8% compared to the same quarter last year. Equities research analysts anticipate that United States Steel Co. will post 2.19 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 12th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Monday, August 12th. United States Steel’s dividend payout ratio (DPR) is 5.87%.

Wall Street Analyst Weigh In

X has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of United States Steel from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, July 16th. Morgan Stanley increased their price target on shares of United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. StockNews.com assumed coverage on United States Steel in a research report on Monday, August 19th. They set a “hold” rating on the stock. Jefferies Financial Group began 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. Finally, BMO Capital Markets upgraded United States Steel from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $43.00 to $45.00 in a research report on Wednesday, June 26th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.13.

United States Steel Company 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.