Arrowstreet Capital Limited Partnership Sells 58,866 Shares of Ryerson Holding Co. (NYSE:RYI)

Arrowstreet Capital Limited Partnership reduced its holdings in Ryerson Holding Co. (NYSE:RYI - Free Report) by 59.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,895 shares of the basic materials company's stock after selling 58,866 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.13% of Ryerson worth $738,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. purchased a new position in shares of Ryerson during the 4th quarter valued at $54,000. FMR LLC boosted its position in Ryerson by 159.7% during the third quarter. FMR LLC now owns 7,649 shares of the basic materials company's stock valued at $152,000 after purchasing an additional 4,704 shares during the last quarter. US Bancorp DE grew its stake in Ryerson by 150.8% in 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 acquired a new position in Ryerson in the 4th quarter worth about $329,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Ryerson during the 4th quarter valued at about $339,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total transaction of $247,900.00. Following the sale, the chief executive officer now directly owns 593,228 shares in the company, valued at approximately $14,706,122.12. The trade was a 1.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James J. Claussen sold 6,017 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $25.30, for a total transaction of $152,230.10. Following the completion of the transaction, the chief financial officer now directly owns 58,773 shares of the company's stock, valued at $1,486,956.90. This trade represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ryerson Stock Performance

NYSE:RYI traded up $0.04 during mid-day trading on Thursday, hitting $21.91. 25,527 shares of the company's stock traded hands, compared to its average volume of 310,656. Ryerson Holding Co. has a 12 month low of $17.18 and a 12 month high of $33.06. The firm has a market capitalization of $697.70 million, a price-to-earnings ratio of -84.28 and a beta of 1.35. The firm has a 50 day moving average of $23.14 and a two-hundred day moving average of $22.29. 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 (NYSE:RYI - Get Free Report) last released its earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.34. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. On average, equities analysts forecast that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal 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. The ex-dividend date was Thursday, March 6th. This represents a $0.75 annualized dividend and a yield of 3.42%. Ryerson's dividend payout ratio (DPR) is -288.46%.

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.