Robeco Institutional Asset Management B.V. Sells 47,719 Shares of POSCO Holdings Inc. (NYSE:PKX)

Robeco Institutional Asset Management B.V. trimmed its position in POSCO Holdings Inc. (NYSE:PKX) by 61.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,214 shares of the basic materials company’s stock after selling 47,719 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in POSCO were worth $31,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. DMC Group LLC increased its holdings in shares of POSCO by 1.3% in the fourth quarter. DMC Group LLC now owns 10,884 shares of the basic materials company’s stock worth $1,035,000 after purchasing an additional 138 shares during the last quarter. CWM LLC grew its position in POSCO by 13.2% in the fourth quarter. CWM LLC now owns 1,301 shares of the basic materials company’s stock worth $124,000 after acquiring an additional 152 shares in the last quarter. Cerity Partners LLC grew its position in POSCO by 1.4% in the fourth quarter. Cerity Partners LLC now owns 15,361 shares of the basic materials company’s stock worth $1,461,000 after acquiring an additional 215 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in POSCO in the fourth quarter worth about $25,000. Finally, GAMMA Investing LLC purchased a new position in POSCO in the fourth quarter worth about $26,000.

POSCO Stock Performance

Shares of NYSE:PKX opened at $70.56 on Monday. POSCO Holdings Inc. has a 1 year low of $67.42 and a 1 year high of $133.09. The business has a 50 day simple moving average of $74.25 and a two-hundred day simple moving average of $82.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 2.08.

POSCO (NYSE:PKX) last announced its earnings results on Thursday, April 25th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter. POSCO had a return on equity of 2.50% and a net margin of 2.09%. The business had revenue of $13.58 billion during the quarter. Equities analysts anticipate that POSCO Holdings Inc. will post 4.7 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

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.