Altrius Capital Management Inc Has $6.19 Million Position in POSCO Holdings Inc. (NYSE:PKX)

Altrius Capital Management Inc raised its stake in POSCO Holdings Inc. (NYSE:PKX) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,099 shares of the basic materials company’s stock after buying an additional 9,463 shares during the quarter. POSCO accounts for about 1.7% of Altrius Capital Management Inc’s holdings, making the stock its 23rd biggest position. Altrius Capital Management Inc’s holdings in POSCO were worth $6,192,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PKX. Connor Clark & Lunn Investment Management Ltd. raised its position in POSCO by 6.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 303,046 shares of the basic materials company’s stock valued at $31,062,000 after acquiring an additional 19,057 shares in the last quarter. American Century Companies Inc. lifted its holdings in POSCO by 9.5% in the 3rd quarter. American Century Companies Inc. now owns 271,763 shares of the basic materials company’s stock worth $27,856,000 after purchasing an additional 23,668 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in POSCO by 12.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 80,320 shares of the basic materials company’s stock worth $8,233,000 after purchasing an additional 8,903 shares during the period. Van ECK Associates Corp grew its holdings in POSCO by 8.4% during the third quarter. Van ECK Associates Corp now owns 79,859 shares of the basic materials company’s stock valued at $8,186,000 after purchasing an additional 6,202 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in shares of POSCO by 26.3% in the third quarter. CWA Asset Management Group LLC now owns 77,073 shares of the basic materials company’s stock valued at $7,900,000 after purchasing an additional 16,052 shares during the period.

POSCO Stock Performance

NYSE:PKX traded up $2.53 during trading hours on Monday, hitting $74.13. 128,802 shares of the company traded hands, compared to its average volume of 113,083. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.48. The firm has a 50-day moving average of $78.06 and a 200 day moving average of $83.87. POSCO Holdings Inc. has a twelve month low of $67.42 and a twelve month high of $133.09.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.52) EPS for the quarter. POSCO had a net margin of 2.45% and a return on equity of 3.02%. The company had revenue of $14.15 billion for the quarter. On average, sell-side analysts expect that POSCO Holdings Inc. will post 4.65 earnings per share for the current year.

POSCO Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 1st were issued a $0.4726 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.55%. POSCO’s payout ratio is presently 29.62%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Friday.

POSCO Profile

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.