Verition Fund Management LLC Sells 13,715 Shares of Worthington Steel, Inc. (NYSE:WS)

Verition Fund Management LLC decreased its holdings in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 53.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,930 shares of the company's stock after selling 13,715 shares during the quarter. Verition Fund Management LLC's holdings in Worthington Steel were worth $406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WS. Dimensional Fund Advisors LP raised its position in shares of Worthington Steel by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,393,483 shares of the company's stock valued at $79,845,000 after buying an additional 17,783 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Worthington Steel by 12.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 321,296 shares of the company's stock valued at $10,927,000 after acquiring an additional 36,488 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Worthington Steel by 2.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 267,935 shares of the company's stock worth $8,938,000 after acquiring an additional 6,433 shares during the period. Private Wealth Strategies L.L.C. acquired a new stake in shares of Worthington Steel during the 2nd quarter worth approximately $6,955,000. Finally, Millennium Management LLC increased its position in shares of Worthington Steel by 135.3% during the second quarter. Millennium Management LLC now owns 189,968 shares of the company's stock valued at $6,337,000 after purchasing an additional 109,224 shares during the period. Institutional investors own 45.41% of the company's stock.

Worthington Steel Trading Down 2.8 %

WS stock traded down $1.21 during midday trading on Friday, hitting $42.12. The stock had a trading volume of 161,267 shares, compared to its average volume of 213,464. Worthington Steel, Inc. has a 52 week low of $23.82 and a 52 week high of $47.19. The stock has a 50-day simple moving average of $40.62 and a 200 day simple moving average of $36.03. The firm has a market capitalization of $2.14 billion and a price-to-earnings ratio of 16.98.

Worthington Steel (NYSE:WS - Get Free Report) last released its quarterly earnings data on Wednesday, September 25th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $834.00 million during the quarter, compared to the consensus estimate of $748.40 million. Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. Worthington Steel's revenue was down 7.9% compared to the same quarter last year. On average, equities analysts forecast that Worthington Steel, Inc. will post 2.95 EPS for the current year.

Worthington Steel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.52%. Worthington Steel's payout ratio is presently 25.81%.

Worthington Steel Profile

Worthington Steel, Inc operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy.