William Blair Investment Management LLC Buys 17,075 Shares of Ryerson Holding Co. (NYSE:RYI)

William Blair Investment Management LLC increased its stake in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 855,246 shares of the basic materials company's stock after buying an additional 17,075 shares during the period. William Blair Investment Management LLC owned about 2.69% of Ryerson worth $15,831,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RYI. Barclays PLC lifted its position in shares of Ryerson by 167.0% during the 3rd quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock valued at $1,101,000 after buying an additional 34,604 shares during the last quarter. State Street Corp raised its stake in Ryerson by 3.2% in the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company's stock valued at $28,101,000 after acquiring an additional 43,780 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $16,874,000 after purchasing an additional 203,314 shares during the last quarter. Victory Capital Management Inc. boosted its position in Ryerson by 5.7% during the fourth quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock worth $22,502,000 after purchasing an additional 65,181 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Ryerson by 31.0% in the third quarter. BNP Paribas Financial Markets now owns 36,676 shares of the basic materials company's stock worth $730,000 after purchasing an additional 8,688 shares in the last quarter. Institutional investors own 94.81% of the company's stock.

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Analyst Ratings Changes

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

Ryerson Stock Performance

Shares of NYSE RYI traded up $0.49 during mid-day trading on Monday, hitting $23.38. The company had a trading volume of 136,400 shares, compared to its average volume of 298,674. The stock's 50-day moving average price is $22.78 and its 200-day moving average price is $21.88. The company has a market capitalization of $744.64 million, a price-to-earnings ratio of -89.92 and a beta of 1.53. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Ryerson Holding Co. has a 1 year low of $17.18 and a 1 year high of $34.65.

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

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.21%. The ex-dividend date was Thursday, March 6th. Ryerson's payout ratio is -288.46%.

Insider Transactions at Ryerson

In other Ryerson news, CFO James J. Claussen sold 6,017 shares of Ryerson stock in a transaction that occurred 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. The trade was a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $247,900.00. Following the completion of the transaction, the chief executive officer now directly owns 593,228 shares in the company, valued at $14,706,122.12. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.95% of the company's stock.

Ryerson 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.