Deutsche Bank AG lifted its stake in Ryerson Holding Co. (NYSE:RYI - Free Report) by 74.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,090 shares of the basic materials company's stock after purchasing an additional 12,403 shares during the period. Deutsche Bank AG owned 0.09% of Ryerson worth $538,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Ryerson by 85.8% during the 4th quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock valued at $43,125,000 after acquiring an additional 1,075,963 shares during the period. Victory Capital Management Inc. lifted its position in Ryerson by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock valued at $22,502,000 after acquiring an additional 65,181 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Ryerson by 19.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company's stock valued at $18,771,000 after acquiring an additional 166,596 shares during the period. American Century Companies Inc. lifted its position in Ryerson by 7.9% during the 4th quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company's stock valued at $17,222,000 after acquiring an additional 68,022 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Ryerson by 2.0% during the 4th quarter. William Blair Investment Management LLC now owns 855,246 shares of the basic materials company's stock valued at $15,831,000 after acquiring an additional 17,075 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Ryerson
In other news, CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, the chief executive officer now directly owns 593,228 shares in the company, valued at $14,706,122.12. The trade was a 1.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.95% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on RYI shares. BMO Capital Markets lifted their price target on shares of Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Monday, February 24th. Wall Street Zen lowered shares of Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.
Read Our Latest Report on Ryerson
Ryerson Stock Up 4.2%
NYSE:RYI traded up $0.88 on Monday, reaching $21.64. 268,961 shares of the stock traded hands, compared to its average volume of 285,123. The company has a market capitalization of $696.66 million, a price-to-earnings ratio of -83.22 and a beta of 1.64. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Ryerson Holding Co. has a 12 month low of $17.18 and a 12 month high of $27.41. The company's fifty day simple moving average is $21.89 and its 200 day simple moving average is $22.21.
Ryerson (NYSE:RYI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, beating analysts' consensus estimates of ($0.23) by $0.05. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. Equities analysts predict that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.
Ryerson Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.47%. Ryerson's dividend payout ratio is currently -340.91%.
Ryerson Company Profile
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Free Report)
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.
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