American Century Companies Inc. Buys 68,022 Shares of Ryerson Holding Co. (NYSE:RYI)

American Century Companies Inc. lifted its stake in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 930,439 shares of the basic materials company's stock after buying an additional 68,022 shares during the period. American Century Companies Inc. owned about 2.92% of Ryerson worth $17,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company's stock worth $16,874,000 after buying an additional 203,314 shares during the last quarter. Victory Capital Management Inc. boosted its position in Ryerson by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock worth $22,502,000 after purchasing an additional 65,181 shares during the last quarter. State Street Corp grew its stake in Ryerson by 3.2% in the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company's stock valued at $28,101,000 after purchasing an additional 43,780 shares during the period. Barclays PLC increased its position in shares of Ryerson by 167.0% during the 3rd quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock valued at $1,101,000 after purchasing an additional 34,604 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Ryerson by 6.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 480,341 shares of the basic materials company's stock worth $9,564,000 after purchasing an additional 31,046 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

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Ryerson Stock Performance

Shares of RYI stock traded up $0.04 on Friday, hitting $21.13. 682,092 shares of the stock were exchanged, compared to its average volume of 311,421. The firm's 50 day moving average is $23.24 and its two-hundred day moving average is $22.16. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $34.65. The firm has a market capitalization of $672.95 million, a PE ratio of -81.26 and a beta of 1.35. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI - Get Free Report) last issued its earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.48) by $0.34. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Sell-side analysts expect that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Thursday, March 6th. Ryerson's dividend payout ratio (DPR) is -288.46%.

Insider Buying and Selling at Ryerson

In other news, CEO Edward J. Lehner sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the transaction, the chief executive officer now directly owns 593,228 shares in the company, valued at approximately $14,706,122.12. This represents a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James J. Claussen sold 6,017 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the transaction, the chief financial officer now owns 58,773 shares in the company, valued at $1,486,956.90. This trade represents a 9.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted their target price on shares of Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, February 24th.

About Ryerson

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.