Ryerson Holding Co. (NYSE:RYI) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 28.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 120,970 shares of the basic materials company's stock after selling 47,900 shares during the quarter. LSV Asset Management owned about 0.38% of Ryerson worth $2,239,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RYI. Barclays PLC boosted its holdings in shares of Ryerson by 167.0% in the 3rd quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock worth $1,101,000 after purchasing an additional 34,604 shares during the period. State Street Corp lifted its holdings in shares of Ryerson by 3.2% in the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company's stock worth $28,101,000 after acquiring an additional 43,780 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Ryerson during the 4th quarter worth about $339,000. Victory Capital Management Inc. grew its holdings in Ryerson by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock valued at $22,502,000 after purchasing an additional 65,181 shares during the last quarter. Finally, FMR LLC raised its position in 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 purchasing an additional 4,704 shares during the period. Institutional investors own 94.81% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 593,228 shares of the company's stock, valued at approximately $14,706,122.12. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James J. Claussen sold 6,017 shares of Ryerson stock in a transaction that occurred 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 in the company, valued at approximately $1,486,956.90. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.95% of the company's stock.

Ryerson Trading Up 1.4 %

Ryerson stock traded up $0.30 during trading hours on Friday, hitting $22.17. The company had a trading volume of 147,308 shares, compared to its average volume of 311,838. The firm has a market cap of $706.14 million, a P/E ratio of -85.27 and a beta of 1.35. The company has a 50-day moving average price of $23.11 and a two-hundred day moving average price of $22.30. Ryerson Holding Co. has a 1 year low of $17.18 and a 1 year high of $32.50. 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) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.34. The company 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%. On average, sell-side analysts anticipate that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.1875 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.75 annualized dividend and a dividend yield of 3.38%. Ryerson's payout ratio is presently -288.46%.

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.