Vontobel Holding Ltd. Has $612,000 Stock Position in Steel Dynamics, Inc. (NASDAQ:STLD)

Vontobel Holding Ltd. lowered its position in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 34.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,361 shares of the basic materials company's stock after selling 2,863 shares during the quarter. Vontobel Holding Ltd.'s holdings in Steel Dynamics were worth $612,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Steel Dynamics during the 3rd quarter worth about $25,000. ORG Wealth Partners LLC acquired a new position in shares of Steel Dynamics during the 4th quarter worth about $28,000. Private Trust Co. NA lifted its position in shares of Steel Dynamics by 532.6% during the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company's stock worth $37,000 after purchasing an additional 245 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Steel Dynamics during the 4th quarter worth about $48,000. Finally, Brooklyn Investment Group acquired a new position in Steel Dynamics in the 3rd quarter valued at approximately $61,000. Institutional investors own 82.41% of the company's stock.

Insider Activity

In other Steel Dynamics news, SVP Glenn Pushis sold 23,649 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $134.67, for a total transaction of $3,184,810.83. Following the completion of the transaction, the senior vice president now directly owns 122,140 shares in the company, valued at $16,448,593.80. The trade was a 16.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on STLD shares. StockNews.com raised Steel Dynamics from a "sell" rating to a "hold" rating in a report on Thursday, February 13th. KeyCorp upgraded Steel Dynamics from a "sector weight" rating to an "overweight" rating and set a $155.00 price objective on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group upgraded Steel Dynamics from a "hold" rating to a "buy" rating and upped their price objective for the company from $125.00 to $145.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on Steel Dynamics from $134.00 to $132.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Finally, Citigroup lowered their price objective on Steel Dynamics from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $146.22.

Steel Dynamics Stock Down 3.2 %

Shares of STLD traded down $4.36 during midday trading on Friday, hitting $130.71. The stock had a trading volume of 1,398,713 shares, compared to its average volume of 1,755,295. The firm has a market cap of $19.90 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.05 and a beta of 1.35. The company has a 50 day simple moving average of $123.78 and a two-hundred day simple moving average of $126.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.53 and a quick ratio of 1.08. Steel Dynamics, Inc. has a twelve month low of $104.60 and a twelve month high of $155.56.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a return on equity of 17.32% and a net margin of 8.76%. During the same quarter last year, the company earned $2.61 EPS. On average, analysts anticipate that Steel Dynamics, Inc. will post 9.01 EPS for the current year.

About Steel Dynamics

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.