Vanguard Group Inc. Has $22.55 Million Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Vanguard Group Inc. cut its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,481,331 shares of the basic materials company's stock after selling 89,189 shares during the period. Vanguard Group Inc. owned approximately 5.26% of Radius Recycling worth $22,546,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in shares of Radius Recycling by 87.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,502 shares of the basic materials company's stock worth $232,000 after acquiring an additional 5,815 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Radius Recycling by 28.6% during the 3rd quarter. Stifel Financial Corp now owns 20,052 shares of the basic materials company's stock worth $372,000 after buying an additional 4,455 shares during the last quarter. Jane Street Group LLC boosted its stake in Radius Recycling by 62.9% in the third quarter. Jane Street Group LLC now owns 90,813 shares of the basic materials company's stock valued at $1,684,000 after buying an additional 35,073 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Radius Recycling by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company's stock valued at $615,000 after acquiring an additional 610 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Radius Recycling by 156.2% in the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company's stock worth $1,081,000 after acquiring an additional 35,568 shares during the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Radius Recycling in a research report on Friday. They set a "sell" rating for the company.

Radius Recycling Trading Up 0.0 %

Radius Recycling stock traded up $0.01 during trading hours on Friday, hitting $29.11. The stock had a trading volume of 533,956 shares, compared to its average volume of 377,029. The stock has a market cap of $820.96 million, a price-to-earnings ratio of -2.91 and a beta of 1.07. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The business's 50 day simple moving average is $22.05 and its 200-day simple moving average is $18.26. Radius Recycling, Inc. has a one year low of $10.57 and a one year high of $29.20.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, topping analysts' consensus estimates of ($1.08) by $0.09. The firm had revenue of $642.51 million for the quarter, compared to analyst estimates of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. On average, equities analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current fiscal year.

Radius Recycling Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Monday, April 21st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Monday, April 21st. Radius Recycling's dividend payout ratio is currently -7.52%.

About Radius Recycling

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.