Robeco Institutional Asset Management B.V. Has $340.29 Million Stake in Steel Dynamics, Inc. $STLD

Key Points

• Robeco Institutional Asset Management increased its stake in Steel Dynamics to 2,008,199 shares (about $340.29 million) after buying 72,122 shares in Q4, representing roughly 1.38% ownership.
• Analysts' consensus rating is Hold with an average price target of $182.44, while individual research notes range from Buy to Underperform.
• Steel Dynamics raised its quarterly dividend to $0.53 ($2.12 annualized, 1.1% yield) and recently beat EPS estimates ($1.82 vs. $1.72) with revenue up 14% year-over-year; the company has a $27.6 billion market cap and a trailing PE of 23.8.

Robeco Institutional Asset Management B.V. increased its holdings in Steel Dynamics, Inc. (NASDAQ:STLD - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,008,199 shares of the basic materials company's stock after buying an additional 72,122 shares during the period. Robeco Institutional Asset Management B.V. owned 1.38% of Steel Dynamics worth $340,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB raised its position in Steel Dynamics by 12.1% during the third quarter. Nordea Investment Management AB now owns 2,340,480 shares of the basic materials company's stock valued at $322,518,000 after purchasing an additional 252,108 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Steel Dynamics by 1.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,046,791 shares of the basic materials company's stock valued at $145,953,000 after purchasing an additional 10,537 shares in the last quarter. Bank of America Corp DE raised its position in Steel Dynamics by 34.7% during the second quarter. Bank of America Corp DE now owns 1,028,947 shares of the basic materials company's stock valued at $131,715,000 after purchasing an additional 264,827 shares in the last quarter. Boston Partners acquired a new position in Steel Dynamics during the third quarter valued at approximately $101,254,000. Finally, AQR Capital Management LLC raised its position in Steel Dynamics by 79.1% during the second quarter. AQR Capital Management LLC now owns 627,542 shares of the basic materials company's stock valued at $80,332,000 after purchasing an additional 277,166 shares in the last quarter. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STLD has been the subject of several research analyst reports. KeyCorp initiated coverage on shares of Steel Dynamics in a research report on Wednesday, March 25th. They set an "overweight" rating and a $190.00 price objective for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Steel Dynamics in a research report on Monday, December 29th. Morgan Stanley restated an "underperform" rating and set a $190.00 price objective on shares of Steel Dynamics in a research report on Tuesday, March 17th. JPMorgan Chase & Co. lowered their price objective on shares of Steel Dynamics from $194.00 to $192.00 and set a "neutral" rating for the company in a research report on Wednesday, March 18th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Steel Dynamics in a research report on Tuesday, March 17th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Steel Dynamics currently has a consensus rating of "Hold" and an average target price of $182.44.

Steel Dynamics Stock Up 0.3%

Shares of NASDAQ:STLD opened at $190.57 on Friday. The company has a fifty day moving average of $185.54 and a 200-day moving average of $169.94. The company has a market capitalization of $27.58 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 0.52 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 3.06. Steel Dynamics, Inc. has a 52-week low of $112.72 and a 52-week high of $208.47.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.10. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.62 billion. Steel Dynamics had a net margin of 6.52% and a return on equity of 13.56%. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.36 earnings per share. On average, equities analysts predict that Steel Dynamics, Inc. will post 9.01 EPS for the current fiscal year.

Steel Dynamics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.1%. This is a boost from Steel Dynamics's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, March 31st. Steel Dynamics's dividend payout ratio (DPR) is currently 26.47%.

About Steel Dynamics

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company's product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.

Want to see what other hedge funds are holding STLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Steel Dynamics, Inc. (NASDAQ:STLD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.