Bank of New York Mellon Corp Has $4.28 Million Stake in Ryerson Holding Co. (NYSE:RYI)

Bank of New York Mellon Corp cut its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,374 shares of the basic materials company's stock after selling 23,223 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.73% of Ryerson worth $4,283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RYI. GSA Capital Partners LLP acquired a new position in shares of Ryerson in the 3rd quarter worth approximately $272,000. Victory Capital Management Inc. raised its stake in shares of Ryerson by 164.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company's stock worth $22,906,000 after buying an additional 715,990 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Ryerson by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 192,767 shares of the basic materials company's stock worth $3,838,000 after buying an additional 9,782 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Ryerson in the 3rd quarter worth $207,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Ryerson by 31.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company's stock worth $16,874,000 after purchasing an additional 203,314 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Edward J. Lehner sold 10,000 shares of the 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 transaction, the chief executive officer now owns 593,228 shares of the company's stock, valued at $14,706,122.12. This represents a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO James J. Claussen sold 6,017 shares of the business'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 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 disclosure for this sale can be found here. 3.95% of the stock is owned by corporate insiders.

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Ryerson Stock Down 6.4 %

Shares of RYI traded down $1.57 during trading hours on Friday, hitting $22.89. 690,041 shares of the company were exchanged, compared to its average volume of 299,905. The company has a market cap of $728.91 million, a PE ratio of -88.02 and a beta of 1.53. The firm's 50 day moving average is $22.78 and its 200-day moving average is $21.83. Ryerson Holding Co. has a 52 week low of $17.18 and a 52 week high of $34.65. 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 posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, beating 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%. On average, equities research analysts forecast that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.

Ryerson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.75 dividend on an annualized basis and a yield of 3.28%. Ryerson's dividend payout ratio (DPR) is presently -288.46%.

Wall Street Analysts Forecast Growth

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

About Ryerson

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.