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

Northern Trust Corp decreased its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Aquatic Capital Management LLC purchased a new position in Radius Recycling during the fourth quarter valued at $68,000. SG Americas Securities LLC purchased a new position in shares of Radius Recycling during the 4th quarter valued at about $140,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Radius Recycling during the 4th quarter valued at about $160,000. Versor Investments LP bought a new position in shares of Radius Recycling during the 4th quarter valued at approximately $236,000. Finally, Quantbot Technologies LP purchased a new stake in Radius Recycling in the 4th quarter worth approximately $238,000. Institutional investors own 78.11% of the company's stock.

Radius Recycling Price Performance

RDUS stock traded down $0.02 during trading on Wednesday, reaching $29.54. The company's stock had a trading volume of 646,800 shares, compared to its average volume of 425,789. The company has a quick ratio of 0.97, a current ratio of 2.02 and a debt-to-equity ratio of 0.75. The company's fifty day moving average is $29.19 and its 200-day moving average is $20.50. The company has a market capitalization of $833.09 million, a P/E ratio of -2.95 and a beta of 1.04. Radius Recycling, Inc. has a 1 year low of $10.57 and a 1 year high of $29.69.

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

Radius Recycling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling's payout ratio is currently -7.52%.

Analysts Set New Price Targets

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

About Radius Recycling

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.