Jane Street Group LLC Sells 37,333 Shares of Worthington Steel, Inc. (NYSE:WS)

Jane Street Group LLC lowered its position in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 54.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,411 shares of the company's stock after selling 37,333 shares during the quarter. Jane Street Group LLC owned approximately 0.06% of Worthington Steel worth $999,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of WS. Wellington Management Group LLP raised its position in shares of Worthington Steel by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 69,920 shares of the company's stock valued at $2,225,000 after acquiring an additional 434 shares during the last quarter. Bank of Montreal Can boosted its stake in Worthington Steel by 6.0% during the 4th quarter. Bank of Montreal Can now owns 8,848 shares of the company's stock worth $282,000 after acquiring an additional 497 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Worthington Steel by 2.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 29,073 shares of the company's stock valued at $925,000 after buying an additional 769 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Worthington Steel by 4.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,848 shares of the company's stock worth $568,000 after purchasing an additional 828 shares during the period. Finally, Illinois Municipal Retirement Fund grew its position in Worthington Steel by 5.0% in the fourth quarter. Illinois Municipal Retirement Fund now owns 18,939 shares of the company's stock valued at $603,000 after purchasing an additional 904 shares in the last quarter. 45.41% of the stock is currently owned by institutional investors.

Worthington Steel Price Performance

WS stock traded down $0.35 during midday trading on Wednesday, reaching $25.91. The company had a trading volume of 7,287 shares, compared to its average volume of 251,312. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.06 and a beta of 1.98. The stock has a 50 day moving average price of $25.44 and a 200-day moving average price of $30.68. Worthington Steel, Inc. has a 1-year low of $21.30 and a 1-year high of $47.19.

Worthington Steel (NYSE:WS - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.32). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The business had revenue of $687.40 million during the quarter, compared to the consensus estimate of $732.00 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The business's revenue was down 14.7% on a year-over-year basis. As a group, research analysts anticipate that Worthington Steel, Inc. will post 2.26 earnings per share for the current year.

Worthington Steel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be issued a $0.16 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.64 dividend on an annualized basis and a yield of 2.47%. Worthington Steel's dividend payout ratio (DPR) is presently 29.91%.

Analyst Ratings Changes

Separately, KeyCorp dropped their target price on shares of Worthington Steel from $41.00 to $34.00 and set an "overweight" rating on the stock in a report on Friday, March 7th.

About Worthington Steel

Worthington Steel, Inc operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy.