Dimensional Fund Advisors LP Sells 25,053 Shares of Ryerson Holding Co. (NYSE:RYI)

Dimensional Fund Advisors LP cut its position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 approximately 6.42% of Ryerson worth $37,858,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of Ryerson by 85.8% in the 4th quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock worth $43,125,000 after buying an additional 1,075,963 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 worth $18,771,000 after purchasing an additional 166,596 shares during the last quarter. American Century Companies Inc. grew its stake in Ryerson by 7.9% in the 4th quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company's stock valued at $17,222,000 after purchasing an additional 68,022 shares during the period. Victory Capital Management Inc. raised its stake in shares of Ryerson by 5.7% during the 4th 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, Barclays PLC boosted its holdings in shares of Ryerson by 167.0% in the 3rd quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock worth $1,101,000 after buying an additional 34,604 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Insider Activity at Ryerson

In other Ryerson news, CFO James J. Claussen sold 6,017 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the sale, the chief financial officer now directly owns 58,773 shares in the company, valued at $1,486,956.90. This represents a 9.29 % decrease in their position. The transaction 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 business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total transaction of $247,900.00. Following the transaction, the chief executive officer now owns 593,228 shares of the company's stock, valued at $14,706,122.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is currently owned by corporate insiders.

Ryerson Stock Performance

Shares of RYI stock traded down $0.26 on Friday, hitting $20.82. 117,666 shares of the stock were exchanged, compared to its average volume of 301,093. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $27.41. The firm's 50 day moving average is $22.55 and its two-hundred day moving average is $22.43. The firm has a market capitalization of $670.32 million, a PE ratio of -80.08 and a beta of 1.64. 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 posted its earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, topping 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Sell-side analysts expect that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, June 5th. Ryerson's dividend payout ratio (DPR) is presently -340.91%.

Analysts Set New Price Targets

Several analysts have commented on RYI shares. BMO Capital Markets lifted their price objective on shares of 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 cut shares of Ryerson from a "buy" rating to a "hold" rating in a report on Friday.

About Ryerson

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.