275,900 Shares in Radius Recycling, Inc. (NASDAQ:RDUS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 275,900 shares of the basic materials company's stock, valued at approximately $4,199,000. KLP Kapitalforvaltning AS owned 0.98% of Radius Recycling as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of RDUS. FMR LLC grew its stake in shares of Radius Recycling by 23.7% during the third quarter. FMR LLC now owns 951,337 shares of the basic materials company's stock valued at $17,638,000 after buying an additional 182,435 shares during the last quarter. Geode Capital Management LLC increased its stake in Radius Recycling by 6.0% in the third quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company's stock worth $11,936,000 after purchasing an additional 36,618 shares during the period. Systematic Financial Management LP lifted its position in shares of Radius Recycling by 8.5% during the third quarter. Systematic Financial Management LP now owns 630,962 shares of the basic materials company's stock worth $11,698,000 after purchasing an additional 49,450 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Radius Recycling by 5.1% in the fourth quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company's stock worth $2,030,000 after purchasing an additional 6,472 shares during the last quarter. Finally, Perpetual Ltd lifted its holdings in Radius Recycling by 9.2% during the 4th quarter. Perpetual Ltd now owns 131,905 shares of the basic materials company's stock valued at $2,008,000 after buying an additional 11,060 shares in the last quarter. Hedge funds and other institutional investors own 78.11% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on RDUS shares. The Goldman Sachs Group began coverage on Radius Recycling in a report on Monday, December 2nd. They set a "neutral" rating and a $22.00 price objective on the stock. StockNews.com assumed coverage on shares of Radius Recycling in a research note on Tuesday, March 25th. They issued a "sell" rating for the company.

Radius Recycling Stock Down 0.3 %

RDUS traded down $0.10 on Friday, hitting $28.98. The company had a trading volume of 983,314 shares, compared to its average volume of 318,774. The stock has a market capitalization of $815.93 million, a price-to-earnings ratio of -2.89 and a beta of 1.67. The stock has a fifty day moving average price of $16.46 and a 200-day moving average price of $16.91. Radius Recycling, Inc. has a 12-month low of $10.57 and a 12-month high of $29.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.67). The firm had revenue of $656.54 million during the quarter, compared to analysts' expectations of $665.90 million. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. Radius Recycling's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.64) earnings per share. Analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Monday, February 3rd. Radius Recycling's payout ratio is currently -7.49%.

Radius Recycling Company Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.