Platinum Equity Advisors LLC DE Makes New $96.58 Million Investment in Ryerson Holding $RYZ

Key Points

• Platinum Equity Advisors acquired 3.92 million Ryerson shares worth approximately $96.6 million, giving it a 7.56% stake. Institutional investors collectively own 94.81% of the company.
• Ryerson beat quarterly earnings expectations, reporting $0.52 EPS versus the $0.40 consensus, while posting $2.01 billion in revenue. The company guided for third-quarter EPS of $0.37–$0.40.
• Analyst sentiment remains cautious, with Ryerson carrying a “Reduce” average rating, despite mixed individual revisions. The company declared a quarterly dividend of $0.1875, equivalent to a 3.0% annualized yield.

Platinum Equity Advisors LLC DE acquired a new stake in Ryerson Holding (NYSE:RYZ - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,924,478 shares of the company's stock, valued at approximately $96,581,404. Ryerson comprises about 0.0% of Platinum Equity Advisors LLC DE's investment portfolio, making the stock its 5th biggest position. Platinum Equity Advisors LLC DE owned approximately 7.56% of Ryerson as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RYZ. Bank of America Corp DE bought a new stake in shares of Ryerson during the 2nd quarter valued at $3,217,000. Odyssean LLC acquired a new stake in Ryerson during the 2nd quarter valued at $447,000. Man Group plc purchased a new position in shares of Ryerson in the second quarter valued at $2,680,000. Jupiter Topco LLC bought a new stake in shares of Ryerson in the 2nd quarter worth approximately $501,000. Finally, Hsbc Holdings PLC bought a new position in shares of Ryerson in the 2nd quarter valued at approximately $838,000. Institutional investors own 94.81% of the company's stock.

Insider Activity at Ryerson

In other Ryerson news, CAO Molly D. Kannan sold 1,000 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $30.00, for a total transaction of $30,000.00. Following the completion of the transaction, the chief accounting officer directly owned 24,636 shares of the company's stock, valued at $739,080. The trade was a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 6.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research raised Ryerson from a "strong sell" rating to a "hold" rating in a report on Monday. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a research note on Thursday, June 18th. Finally, Wall Street Zen raised shares of Ryerson from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce".

Ryerson Stock Performance

NYSE:RYZ traded down $0.32 during mid-day trading on Friday, hitting $25.34. 233,671 shares of the stock were exchanged, compared to its average volume of 479,043. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.21 and a quick ratio of 1.04. Ryerson Holding has a fifty-two week low of $19.34 and a fifty-two week high of $32.00. The stock's 50-day moving average price is $27.28. The stock has a market cap of $1.32 billion, a PE ratio of -20.44 and a beta of 1.65.

Ryerson (NYSE:RYZ - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.12. The firm 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. On average, analysts predict that Ryerson Holding will post 1.1 EPS for the current fiscal year.

Ryerson Announces Dividend

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

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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