POSCO Holdings Inc. (NYSE:PKX) Shares Acquired by Robeco Institutional Asset Management B.V.

Posted by Defense World Staff on Aug 3rd, 2023

Robeco Institutional Asset Management B.V. increased its position in POSCO Holdings Inc. (NYSE:PKX – Free Report) by 1.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,496 shares of the basic materials company’s stock after buying an additional 1,111 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in POSCO were worth $6,237,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Beverly Hills Private Wealth LLC acquired a new position in POSCO in the first quarter valued at $205,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of POSCO in the first quarter worth approximately $202,000. Van ECK Associates Corp grew its holdings in POSCO by 7.2% in the first quarter. Van ECK Associates Corp now owns 99,092 shares of the basic materials company’s stock valued at $6,906,000 after purchasing an additional 6,637 shares during the period. Pacer Advisors Inc. raised its stake in POSCO by 53.7% during the first quarter. Pacer Advisors Inc. now owns 169,791 shares of the basic materials company’s stock worth $11,833,000 after purchasing an additional 59,300 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of POSCO in the 1st quarter valued at $1,472,000. Institutional investors and hedge funds own 3.61% of the company’s stock.

POSCO Stock Performance

Shares of PKX stock opened at $112.35 on Thursday. The company’s fifty day moving average price is $84.89 and its two-hundred day moving average price is $72.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 1.54. The firm has a market capitalization of $33.98 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.75 and a beta of 1.28. POSCO Holdings Inc. has a 12 month low of $36.53 and a 12 month high of $133.09.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PKX shares. StockNews.com downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Citigroup cut shares of POSCO from a “buy” rating to a “neutral” rating in a research report on Monday, July 24th. JPMorgan Chase & Co. lowered shares of POSCO from a “neutral” rating to an “underweight” rating in a research report on Thursday, April 13th. Morgan Stanley cut shares of POSCO from an “equal weight” rating to an “underweight” rating in a research report on Monday. Finally, UBS Group cut POSCO from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, POSCO currently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on POSCO

POSCO Company Profile

(Free Report)

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.