Northern Trust Corp Sells 33,553 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Northern Trust Corp trimmed its stake in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,224 shares of the basic materials company's stock after selling 33,553 shares during the period. Northern Trust Corp owned about 0.92% of Radius Recycling worth $3,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in Radius Recycling in the fourth quarter valued at $68,000. SG Americas Securities LLC bought a new stake in Radius Recycling during the fourth quarter valued at $140,000. Y Intercept Hong Kong Ltd bought a new position in shares of Radius Recycling during the 4th quarter worth about $160,000. Versor Investments LP bought a new position in shares of Radius Recycling during the 4th quarter worth about $236,000. Finally, Quantbot Technologies LP bought a new position in shares of Radius Recycling during the 4th quarter worth about $238,000. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Radius Recycling Stock Up 0.6%

NASDAQ:RDUS traded up $0.18 on Friday, hitting $29.61. The stock had a trading volume of 948,254 shares, compared to its average volume of 420,593. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. The stock has a market cap of $835.06 million, a P/E ratio of -2.96 and a beta of 1.04. Radius Recycling, Inc. has a 1 year low of $10.57 and a 1 year high of $29.65. The firm's fifty day simple moving average is $29.16 and its two-hundred day simple moving average is $20.31.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last posted its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, beating the consensus estimate of ($1.08) by $0.09. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The firm had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. Analysts predict that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were paid a dividend of $0.1875 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $0.75 annualized dividend and a dividend yield of 2.53%. Radius Recycling's payout ratio is currently -7.52%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on shares of Radius Recycling in a report on Tuesday, May 20th. They issued a "sell" rating on the stock.

Radius Recycling Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.