Vanguard Group Inc. Lowers Position in Ryerson Holding Co. (NYSE:RYI)

Vanguard Group Inc. trimmed its stake in Ryerson Holding Co. (NYSE:RYI - Free Report) by 14.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,708,337 shares of the basic materials company's stock after selling 281,972 shares during the period. Vanguard Group Inc. owned about 5.36% of Ryerson worth $31,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in shares of Ryerson during the fourth quarter valued at $54,000. FMR LLC lifted its position in shares of 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. US Bancorp DE boosted its stake in shares of Ryerson by 150.8% during the fourth quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock valued at $208,000 after purchasing an additional 6,762 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Ryerson during the fourth quarter valued at approximately $329,000. Finally, Proficio Capital Partners LLC bought a new position in Ryerson in the fourth quarter worth approximately $339,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Ryerson Stock Up 0.2 %

Shares of NYSE RYI traded up $0.04 during trading hours on Tuesday, hitting $21.72. 160,175 shares of the stock were exchanged, compared to its average volume of 311,684. The company has a market cap of $691.64 million, a PE ratio of -83.52 and a beta of 1.35. Ryerson Holding Co. has a 12 month low of $17.18 and a 12 month high of $33.06. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $23.16 and a 200-day moving average price of $22.29.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.48) by $0.34. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1 billion. On average, sell-side analysts expect that Ryerson Holding Co. will post 1.2 EPS for the current year.

Ryerson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.45%. The ex-dividend date was Thursday, March 6th. Ryerson's dividend payout ratio is presently -288.46%.

Insider Buying and Selling at Ryerson

In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 593,228 shares of the company's stock, valued at approximately $14,706,122.12. This trade represents a 1.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO James J. Claussen sold 6,017 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $25.30, for a total transaction of $152,230.10. Following the completion of the sale, the chief financial officer now directly owns 58,773 shares in the company, valued at $1,486,956.90. This trade represents 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 currently owned by company insiders.

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.