BNP Paribas Financial Markets Purchases 28,171 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

BNP Paribas Financial Markets raised its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 225.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,673 shares of the basic materials company's stock after purchasing an additional 28,171 shares during the quarter. BNP Paribas Financial Markets owned 0.14% of Radius Recycling worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of Radius Recycling by 17.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,499,259 shares of the basic materials company's stock worth $38,039,000 after buying an additional 377,212 shares during the period. Icon Advisers Inc. Co. raised its stake in Radius Recycling by 115.9% during the fourth quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock worth $4,338,000 after acquiring an additional 153,000 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Radius Recycling during the fourth quarter valued at $4,199,000. JPMorgan Chase & Co. lifted its holdings in shares of Radius Recycling by 92.5% during the fourth quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company's stock valued at $2,429,000 after acquiring an additional 76,702 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Radius Recycling by 5.1% in the 4th quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company's stock valued at $2,030,000 after purchasing an additional 6,472 shares in the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Radius Recycling Price Performance

Shares of NASDAQ:RDUS traded down $0.05 during trading on Tuesday, reaching $29.56. The stock had a trading volume of 1,239,181 shares, compared to its average volume of 423,868. The stock has a market capitalization of $833.65 million, a PE ratio of -2.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.69. The business's 50-day moving average price is $29.17 and its 200 day moving average price is $20.37.

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

Radius Recycling Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Monday, April 21st were issued a $0.1875 dividend. The ex-dividend date was Monday, April 21st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.54%. Radius Recycling's dividend payout ratio is -7.52%.

Radius Recycling Company 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.