Franklin Resources Inc. Increases Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

Franklin Resources Inc. boosted its holdings in Ryerson Holding Co. (NYSE:RYI - Free Report) by 85.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,329,803 shares of the basic materials company's stock after buying an additional 1,075,963 shares during the period. Franklin Resources Inc. owned approximately 7.31% of Ryerson worth $43,125,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mutual Advisors LLC raised its stake in shares of Ryerson by 5.0% during the 4th quarter. Mutual Advisors LLC now owns 44,865 shares of the basic materials company's stock valued at $830,000 after purchasing an additional 2,140 shares during the period. Hantz Financial Services Inc. grew its holdings in Ryerson by 9.4% during the 4th quarter. Hantz Financial Services Inc. now owns 30,067 shares of the basic materials company's stock valued at $557,000 after buying an additional 2,590 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Ryerson during the fourth quarter valued at about $54,000. FMR LLC lifted its holdings in shares of Ryerson by 159.7% in the third 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ryerson by 10.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,808 shares of the basic materials company's stock valued at $1,211,000 after acquiring an additional 5,773 shares during the period. Institutional investors own 94.81% of the company's stock.

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Ryerson Price Performance

NYSE RYI traded down $1.70 during trading on Thursday, reaching $21.36. The company's stock had a trading volume of 46,850 shares, compared to its average volume of 310,528. The firm has a fifty day moving average of $23.18 and a 200 day moving average of $22.22. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $33.72. The stock has a market capitalization of $680.37 million, a PE ratio of -82.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

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

Ryerson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Thursday, March 6th. Ryerson's payout ratio is currently -288.46%.

Insider Activity

In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James J. Claussen sold 6,017 shares of the firm's 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 directly 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. Corporate insiders own 3.95% of the company's stock.

Analyst Ratings Changes

Separately, BMO Capital Markets increased their target price on shares of Ryerson from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note 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.