RWWM Inc. Purchases 181,384 Shares of POSCO Holdings Inc. (NYSE:PKX)

RWWM Inc. lifted its position in shares of POSCO Holdings Inc. (NYSE:PKX - Get Rating) by 31.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 750,497 shares of the basic materials company's stock after purchasing an additional 181,384 shares during the quarter. POSCO accounts for 5.4% of RWWM Inc.'s investment portfolio, making the stock its 7th largest holding. RWWM Inc. owned 0.25% of POSCO worth $40,880,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of POSCO by 17.7% during the first quarter. BlackRock Inc. now owns 1,395,026 shares of the basic materials company's stock valued at $82,683,000 after buying an additional 210,190 shares during the last quarter. State Street Corp boosted its holdings in POSCO by 2.1% during the third quarter. State Street Corp now owns 841,473 shares of the basic materials company's stock worth $30,806,000 after purchasing an additional 17,080 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in POSCO by 21.1% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 584,063 shares of the basic materials company's stock worth $21,383,000 after purchasing an additional 101,900 shares during the last quarter. Vanguard Group Inc. boosted its holdings in POSCO by 2.8% during the first quarter. Vanguard Group Inc. now owns 371,615 shares of the basic materials company's stock worth $22,026,000 after purchasing an additional 10,142 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in POSCO by 48.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 325,212 shares of the basic materials company's stock worth $17,714,000 after purchasing an additional 106,169 shares during the last quarter. Institutional investors and hedge funds own 3.34% of the company's stock.

PKX stock traded down $0.10 during mid-day trading on Wednesday, hitting $74.47. The company had a trading volume of 84,632 shares, compared to its average volume of 260,656. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.54 and a current ratio of 2.20. POSCO Holdings Inc. has a 12 month low of $36.53 and a 12 month high of $80.03. The firm has a market cap of $22.53 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 0.79 and a beta of 1.19. The stock's fifty day moving average price is $71.19 and its two-hundred day moving average price is $63.44.

Several research analysts recently weighed in on the stock. StockNews.com cut shares of POSCO from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. lowered shares of POSCO from a "neutral" rating to an "underweight" rating in a research report on Thursday, April 13th. Finally, Morgan Stanley lowered shares of POSCO from an "overweight" rating to an "equal weight" rating in a research report on Monday, April 3rd.

POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider POSCO, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POSCO wasn't on the list.

While POSCO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.