KLP Kapitalforvaltning AS Takes $583,000 Position in Ryerson Holding Co. (NYSE:RYI)

KLP Kapitalforvaltning AS purchased a new stake in Ryerson Holding Co. (NYSE:RYI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,500 shares of the basic materials company's stock, valued at approximately $583,000. KLP Kapitalforvaltning AS owned 0.10% of Ryerson as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new position in shares of Ryerson in the 4th quarter valued at approximately $54,000. FMR LLC lifted its holdings in shares of Ryerson by 159.7% during the third quarter. FMR LLC now owns 7,649 shares of the basic materials company's stock worth $152,000 after purchasing an additional 4,704 shares during the period. Intech Investment Management LLC purchased a new position in Ryerson in the 3rd quarter valued at $207,000. US Bancorp DE increased its stake in Ryerson by 150.8% in the 4th quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock valued at $208,000 after buying an additional 6,762 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in Ryerson during the 4th quarter worth $329,000. Institutional investors and hedge funds own 94.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets boosted their price target 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.

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Ryerson Stock Performance

Shares of RYI stock traded up $0.41 during trading hours on Monday, reaching $21.58. 281,684 shares of the company's stock were exchanged, compared to its average volume of 311,303. 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 Holding Co. has a 1 year low of $17.18 and a 1 year high of $34.65. The company has a market cap of $687.28 million, a P/E ratio of -82.99 and a beta of 1.35. The company's 50 day moving average is $23.24 and its two-hundred day moving average is $22.19.

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 (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.34. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. Equities research analysts anticipate 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. Investors of record on Thursday, March 6th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, March 6th. Ryerson's dividend payout ratio is currently -288.46%.

Insiders Place Their Bets

In related news, CFO James J. Claussen sold 6,017 shares of Ryerson stock in a transaction on Monday, February 24th. The stock was sold at an average price of $25.30, for a total transaction of $152,230.10. Following the completion of the transaction, the chief financial officer now directly owns 58,773 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this link. Also, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 593,228 shares in the company, valued at approximately $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 company insiders.

Ryerson Company 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.