Insider Selling: United States Steel Corporation (X) SVP Sells 3,606 Shares of Stock
United States Steel Corporation (NYSE:X) SVP Sara A. Greenstein sold 3,606 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $30.00, for a total transaction of $108,180.00. Following the completion of the transaction, the senior vice president now owns 51,744 shares of the company’s stock, valued at approximately $1,552,320. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of United States Steel Corporation (NYSE:X) traded down $0.01 during trading hours on Tuesday, reaching $29.83. 9,053,480 shares of the company’s stock were exchanged, compared to its average volume of 16,547,576. United States Steel Corporation has a 12-month low of $18.55 and a 12-month high of $41.83. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 1.03. The company has a market cap of $5,190.00, a price-to-earnings ratio of 20.49 and a beta of 3.00.
United States Steel (NYSE:X) last issued its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.25. United States Steel had a net margin of 1.05% and a return on equity of 10.27%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was up 20.9% on a year-over-year basis. analysts expect that United States Steel Corporation will post 1.8 EPS for the current year.
A number of large investors have recently modified their holdings of X. Enterprise Financial Services Corp bought a new stake in United States Steel during the 3rd quarter worth about $120,000. Global X Management Co. LLC grew its holdings in United States Steel by 221.0% during the 2nd quarter. Global X Management Co. LLC now owns 5,473 shares of the basic materials company’s stock worth $121,000 after acquiring an additional 3,768 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in United States Steel by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,975 shares of the basic materials company’s stock worth $154,000 after acquiring an additional 674 shares during the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in United States Steel during the 3rd quarter worth about $205,000. Finally, Sigma Planning Corp grew its holdings in United States Steel by 21.3% during the 2nd quarter. Sigma Planning Corp now owns 9,662 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 1,696 shares during the last quarter. 64.27% of the stock is currently owned by hedge funds and other institutional investors.
X has been the subject of a number of recent analyst reports. Jefferies Group reiterated a “buy” rating and set a $32.00 target price on shares of United States Steel in a research report on Thursday, August 31st. BidaskClub upgraded shares of United States Steel from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Bank of America upgraded shares of United States Steel from a “neutral” rating to a “buy” rating and increased their target price for the stock from $29.00 to $31.00 in a research report on Tuesday, September 5th. Cowen reiterated a “hold” rating and set a $24.00 target price on shares of United States Steel in a research report on Friday, September 1st. Finally, BMO Capital Markets increased their target price on shares of United States Steel from $29.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $29.34.
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About United States Steel
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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