Charles Schwab Investment Management Inc. increased its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 19.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,014,110 shares of the basic materials company's stock after purchasing an additional 166,596 shares during the period. Charles Schwab Investment Management Inc. owned approximately 3.18% of Ryerson worth $18,771,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. JB Capital Partners LP increased its stake in Ryerson by 4.0% during the third quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company's stock valued at $42,430,000 after acquiring an additional 82,313 shares during the period. State Street Corp increased its stake in Ryerson by 3.2% during the third quarter. State Street Corp now owns 1,411,397 shares of the basic materials company's stock valued at $28,101,000 after acquiring an additional 43,780 shares during the period. Barclays PLC increased its stake in Ryerson by 167.0% during the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock valued at $1,101,000 after acquiring an additional 34,604 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in Ryerson by 6.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 480,341 shares of the basic materials company's stock valued at $9,564,000 after acquiring an additional 31,046 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Ryerson during the fourth quarter valued at about $339,000. Institutional investors and hedge funds own 94.81% of the company's stock.
Analysts Set New Price Targets
Separately, BMO Capital Markets boosted their price target on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, February 24th.
View Our Latest Analysis on RYI
Ryerson Price Performance
Shares of RYI stock traded down $1.57 during trading hours on Friday, hitting $22.89. The company had a trading volume of 690,041 shares, compared to its average volume of 299,326. Ryerson Holding Co. has a 12 month low of $17.18 and a 12 month high of $34.65. The firm has a market capitalization of $728.91 million, a price-to-earnings ratio of -88.02 and a beta of 1.53. The firm's fifty day moving average is $22.78 and its 200 day moving average is $21.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22.
Ryerson (NYSE:RYI - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.34. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. On average, sell-side analysts predict that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.
Ryerson Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.1875 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.75 annualized dividend and a dividend yield of 3.28%. Ryerson's dividend payout ratio is currently -288.46%.
Insider Transactions at Ryerson
In other news, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total value of $247,900.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James J. Claussen sold 6,017 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the transaction, the chief financial officer now directly owns 58,773 shares in the company, valued at $1,486,956.90. The trade was 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 owned by company insiders.
About Ryerson
(
Free Report)
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.
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