Blue Trust Inc. Buys 4,887 Shares of POSCO Holdings Inc. (NYSE:PKX)

Blue Trust Inc. raised its stake in POSCO Holdings Inc. (NYSE:PKX) by 28.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,137 shares of the basic materials company’s stock after acquiring an additional 4,887 shares during the period. Blue Trust Inc.’s holdings in POSCO were worth $960,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PKX. Crossmark Global Holdings Inc. increased its holdings in shares of POSCO by 4.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company’s stock worth $271,000 after buying an additional 249 shares during the last quarter. CWM LLC increased its holdings in shares of POSCO by 16.3% in the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock worth $163,000 after buying an additional 327 shares during the last quarter. PDS Planning Inc increased its holdings in shares of POSCO by 11.4% in the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock worth $284,000 after buying an additional 416 shares during the last quarter. GAMMA Investing LLC grew its holdings in POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 505 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in POSCO by 9.6% during the 3rd quarter. Ballentine Partners LLC now owns 6,710 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 588 shares during the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a report on Thursday, January 2nd.

POSCO Stock Performance

Shares of NYSE:PKX opened at $44.78 on Wednesday. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.40 and a beta of 1.40. POSCO Holdings Inc. has a 12 month low of $42.35 and a 12 month high of $86.52. The firm’s 50-day moving average is $46.82 and its 200 day moving average is $57.82. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23.

POSCO (NYSE:PKX) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter. The company had revenue of $13.53 billion during the quarter. POSCO had a net margin of 1.78% and a return on equity of 2.15%. Research analysts predict that POSCO Holdings Inc. will post 4.25 EPS for the current year.

About POSCO

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.