State Street Corp Has $28.10 Million Position in Ryerson Holding Co. (NYSE:RYI)

State Street Corp increased its holdings in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,411,397 shares of the basic materials company's stock after purchasing an additional 43,780 shares during the period. State Street Corp owned approximately 4.43% of Ryerson worth $28,101,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RYI. Denali Advisors LLC boosted its holdings in Ryerson by 34.3% in the 2nd quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company's stock valued at $4,169,000 after purchasing an additional 54,621 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Ryerson by 34.1% in the second quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company's stock valued at $5,433,000 after buying an additional 70,901 shares during the period. Charles Schwab Investment Management Inc. grew its position in 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 buying an additional 203,314 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Ryerson by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company's stock valued at $305,000 after acquiring an additional 1,157 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Ryerson by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,676 shares of the basic materials company's stock valued at $730,000 after acquiring an additional 8,688 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Ryerson Stock Performance

Shares of RYI stock traded down $0.25 during mid-day trading on Friday, reaching $19.54. The stock had a trading volume of 1,129,509 shares, compared to its average volume of 304,353. The firm has a market cap of $622.29 million, a PE ratio of 32.03 and a beta of 1.54. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. Ryerson Holding Co. has a one year low of $17.57 and a one year high of $36.15. The firm's 50 day simple moving average is $23.34 and its 200 day simple moving average is $21.37.

Ryerson (NYSE:RYI - Get Free Report) last issued its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.26). The firm had revenue of $1.13 billion during the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same period in the prior year, the business posted $1.00 earnings per share.

Ryerson Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.84%. The ex-dividend date was Thursday, December 5th. Ryerson's dividend payout ratio (DPR) is presently 122.95%.

Insiders Place Their Bets

In other Ryerson news, EVP Mark S. Silver sold 9,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following the sale, the executive vice president now directly owns 107,664 shares in the company, valued at $2,644,227.84. This represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.88% of the company's stock.

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.