Ameriprise Financial Inc. Sells 54,117 Shares of Ryerson Holding Co. (NYSE:RYI)

Ameriprise Financial Inc. cut its position in shares of Ryerson Holding Co. (NYSE:RYI - Free Report) by 25.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,246 shares of the basic materials company's stock after selling 54,117 shares during the quarter. Ameriprise Financial Inc. owned 0.50% of Ryerson worth $2,929,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in Ryerson by 85.8% in the fourth quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock valued at $43,125,000 after buying an additional 1,075,963 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 last quarter. Charles Schwab Investment Management Inc. lifted 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 buying an additional 166,596 shares during the last quarter. American Century Companies Inc. lifted its stake in Ryerson by 7.9% in the fourth quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company's stock valued at $17,222,000 after buying an additional 68,022 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Ryerson by 2.0% in the fourth quarter. William Blair Investment Management LLC now owns 855,246 shares of the basic materials company's stock valued at $15,831,000 after buying an additional 17,075 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ryerson Price Performance

NYSE:RYI traded up $0.88 during mid-day trading on Monday, reaching $21.64. 268,961 shares of the stock were exchanged, compared to its average volume of 285,123. The business has a fifty day moving average price of $21.89 and a 200 day moving average price of $22.21. The firm has a market capitalization of $696.66 million, a PE ratio of -83.22 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 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 issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, topping analysts' consensus estimates of ($0.23) by $0.05. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.16 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. Research analysts expect that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.47%. Ryerson's payout ratio is presently -340.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on RYI shares. BMO Capital Markets raised their target price on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research note on Monday, February 24th. Wall Street Zen lowered Ryerson from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Insiders Place Their Bets

In related news, CEO Edward J. Lehner sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, the chief executive officer now owns 593,228 shares of the company's stock, valued at approximately $14,706,122.12. The trade was a 1.66% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.95% of the company's stock.

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.