Dimensional Fund Advisors LP Has $37.86 Million Position in Ryerson Holding Co. (NYSE:RYI)

Dimensional Fund Advisors LP trimmed its holdings in Ryerson Holding Co. (NYSE:RYI - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,045,294 shares of the basic materials company's stock after selling 25,053 shares during the quarter. Dimensional Fund Advisors LP owned about 6.42% of Ryerson worth $37,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its position in Ryerson by 85.8% during the 4th quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock valued at $43,125,000 after purchasing an additional 1,075,963 shares during the period. Victory Capital Management Inc. lifted its holdings in Ryerson by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock valued at $22,502,000 after buying an additional 65,181 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Ryerson by 19.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company's stock valued at $18,771,000 after acquiring an additional 166,596 shares during the last quarter. American Century Companies Inc. grew its holdings in Ryerson by 7.9% during the 4th quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company's stock worth $17,222,000 after acquiring an additional 68,022 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of Ryerson by 2.0% during the 4th quarter. William Blair Investment Management LLC now owns 855,246 shares of the basic materials company's stock valued at $15,831,000 after acquiring an additional 17,075 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Ryerson Stock Down 2.2 %

RYI stock traded down $0.47 during mid-day trading on Wednesday, hitting $20.67. 140,853 shares of the company were exchanged, compared to its average volume of 303,393. The firm has a market cap of $665.49 million, a P/E ratio of -79.50 and a beta of 1.64. Ryerson Holding Co. has a 1-year low of $17.18 and a 1-year high of $27.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. The firm's 50 day simple moving average is $22.78 and its 200 day simple moving average is $22.44.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.05. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.16 billion. On average, sell-side analysts predict that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.

Ryerson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Thursday, June 5th. Ryerson's dividend payout ratio (DPR) is -340.91%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RYI. BMO Capital Markets raised their price target on Ryerson from $23.00 to $25.00 and gave the stock a "market perform" rating in a research report on Monday, February 24th. StockNews.com upgraded Ryerson from a "hold" rating to a "buy" rating in a report on Thursday, May 1st.

Insider Activity

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