PDT Partners LLC Takes $1.65 Million Position in Ryerson Holding $RYZ

Key Points

• PDT Partners initiated a $1.65 million position in Ryerson Holding, purchasing 66,901 shares, while institutional investors collectively own 94.81% of the company.
• Ryerson reported quarterly earnings of $0.52 per share, beating analyst estimates of $0.40, on revenue of $2.01 billion. The company guided to third-quarter 2026 EPS of $0.37–$0.40.
• Ryerson declared a quarterly dividend of $0.1875, equivalent to $0.75 annually and a 3.0% yield, but analyst sentiment remains cautious with a consensus “Reduce” rating.

PDT Partners LLC bought a new position in shares of Ryerson Holding (NYSE:RYZ - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 66,901 shares of the company's stock, valued at approximately $1,646,000. PDT Partners LLC owned approximately 0.13% of Ryerson at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RYZ. Legal & General Group Plc bought a new position in Ryerson in the 2nd quarter valued at about $1,005,000. The Manufacturers Life Insurance Company bought a new stake in Ryerson during the 2nd quarter worth approximately $298,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Ryerson in the second quarter worth approximately $148,000. Quantbot Technologies LP purchased a new stake in shares of Ryerson in the second quarter worth approximately $66,000. Finally, JB Capital Partners LP bought a new position in shares of Ryerson in the second quarter valued at approximately $69,869,242,000. Institutional investors and hedge funds own 94.81% of the company's stock.

Insiders Place Their Bets

In other Ryerson news, CAO Molly D. Kannan sold 3,000 shares of the business's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $28.42, for a total value of $85,260.00. Following the transaction, the chief accounting officer directly owned 25,636 shares in the company, valued at $728,575.12. The trade was a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 4,500 shares of company stock valued at $131,260 in the last 90 days. 6.58% of the stock is owned by insiders.

Ryerson Price Performance

Shares of Ryerson stock opened at $25.12 on Thursday. Ryerson Holding has a 1 year low of $19.34 and a 1 year high of $32.00. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -20.26 and a beta of 1.65. The company's fifty day simple moving average is $27.32. The company has a current ratio of 2.21, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Ryerson (NYSE:RYZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.12. The company had revenue of $2.01 billion for the quarter. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, equities analysts anticipate that Ryerson Holding will post 1.1 EPS for the current fiscal year.

Ryerson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 annualized dividend and a yield of 3.0%. Ryerson's payout ratio is currently -60.48%.

Wall Street Analysts Forecast Growth

RYZ has been the topic of several analyst reports. Wall Street Zen raised Ryerson from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a research report on Thursday, June 18th. Finally, Zacks Research upgraded Ryerson from a "strong sell" rating to a "hold" rating in a research note on Monday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ryerson has a consensus rating of "Reduce".

Ryerson Company Profile

Ryerson NYSE: RYZ is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.

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