Ryerson Holding Co. (NYSE:RYI) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lessened its position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 59.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,895 shares of the basic materials company's stock after selling 58,866 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.13% of Ryerson worth $738,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RYI. Newbridge Financial Services Group Inc. purchased a new position in shares of Ryerson in the fourth quarter valued at $54,000. FMR LLC grew its stake in shares of Ryerson by 159.7% in the 3rd quarter. FMR LLC now owns 7,649 shares of the basic materials company's stock worth $152,000 after buying an additional 4,704 shares in the last quarter. US Bancorp DE increased its holdings in shares of Ryerson by 150.8% in the 4th quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock worth $208,000 after buying an additional 6,762 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Ryerson during the 4th quarter valued at about $329,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Ryerson in the 4th quarter valued at about $339,000. Institutional investors own 94.81% of the company's stock.

Ryerson Trading Up 0.2 %

Shares of RYI traded up $0.04 during midday trading on Tuesday, hitting $21.72. The stock had a trading volume of 160,175 shares, compared to its average volume of 311,317. The firm has a market cap of $691.64 million, a PE ratio of -83.52 and a beta of 1.35. Ryerson Holding Co. has a 1 year low of $17.18 and a 1 year high of $33.33. The stock's 50 day moving average is $23.16 and its 200 day moving average is $22.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

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

Ryerson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 6th. Ryerson's dividend payout ratio (DPR) is presently -288.46%.

Insider Activity at Ryerson

In other news, CFO James J. Claussen sold 6,017 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $25.30, for a total transaction of $152,230.10. Following the sale, the chief financial officer now owns 58,773 shares in the company, valued at approximately $1,486,956.90. The trade was a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total transaction of $247,900.00. Following the completion of the transaction, the chief executive officer now directly owns 593,228 shares of the company's stock, valued at $14,706,122.12. The trade was a 1.66 % 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 corporate insiders.

Analyst Ratings Changes

Separately, BMO Capital Markets upped their price objective on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Monday, February 24th.

Ryerson Profile

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.