Deutsche Bank AG Buys 12,403 Shares of Ryerson Holding Co. (NYSE:RYI)

Deutsche Bank AG raised its stake in Ryerson Holding Co. (NYSE:RYI - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,090 shares of the basic materials company's stock after buying an additional 12,403 shares during the quarter. Deutsche Bank AG owned about 0.09% of Ryerson worth $538,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. bought a new stake in Ryerson during the fourth quarter worth about $54,000. Tower Research Capital LLC TRC grew its position in shares of Ryerson by 488.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company's stock valued at $68,000 after purchasing an additional 3,061 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Ryerson in the 4th quarter valued at $196,000. US Bancorp DE increased its position in Ryerson by 150.8% during the fourth quarter. US Bancorp DE now owns 11,246 shares of the basic materials company's stock worth $208,000 after acquiring an additional 6,762 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Ryerson by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company's stock worth $305,000 after purchasing an additional 1,734 shares in the last quarter. Institutional investors own 94.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RYI shares. Wall Street Zen lowered Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. BMO Capital Markets upped their target price on Ryerson from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th.

Ryerson Price Performance

RYI stock traded down $0.24 during trading on Friday, reaching $20.76. 206,445 shares of the company were exchanged, compared to its average volume of 285,333. The company has a 50-day moving average of $21.94 and a two-hundred day moving average of $22.27. The company has a market capitalization of $668.39 million, a price-to-earnings ratio of -79.85 and a beta of 1.64. Ryerson Holding Co. has a twelve month low of $17.18 and a twelve month high of $27.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

Ryerson (NYSE:RYI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.05. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. As a group, equities analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, June 5th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, June 5th. Ryerson's dividend payout ratio is currently -340.91%.

Insiders Place Their Bets

In other Ryerson news, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total transaction of $247,900.00. Following the completion of the sale, the chief executive officer now owns 593,228 shares of the company's stock, valued at approximately $14,706,122.12. This represents a 1.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.95% of the company's stock.

Ryerson Profile

Ryerson Holding Corporation, together with its subsidiaries, processes and distributes industrial metals in the United States and internationally. It offers a line of products in carbon steel, stainless steel, alloy steels, and aluminum, as well as nickel and red metals in various shapes and forms, including coils, sheets, rounds, hexagons, square and flat bars, plates, structural, and tubing.