Ryerson Holding Corporation (NYSE:RYI) Holdings Lifted by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its stake in Ryerson Holding Corporation (NYSE:RYI - Free Report) by 23.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 203,298 shares of the basic materials company's stock after purchasing an additional 38,911 shares during the period. Allianz Asset Management GmbH owned 0.64% of Ryerson worth $4,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RYI. Tower Research Capital LLC TRC increased its position in shares of Ryerson by 488.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company's stock worth $68,000 after purchasing an additional 3,061 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Ryerson in the 4th quarter worth about $196,000. SG Americas Securities LLC bought a new stake in shares of Ryerson in the 1st quarter worth about $286,000. Price T Rowe Associates Inc. MD increased its position in shares of 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 during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Ryerson by 19.5% in the 4th quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company's stock worth $311,000 after purchasing an additional 2,749 shares during the last quarter. Institutional investors own 94.81% of the company's stock.

Ryerson Stock Performance

Shares of NYSE:RYI traded up $0.38 during trading on Friday, reaching $20.98. 66,584 shares of the company's stock traded hands, compared to its average volume of 234,610. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.03 and a quick ratio of 0.99. Ryerson Holding Corporation has a 12 month low of $17.18 and a 12 month high of $27.41. The company has a 50 day moving average of $21.92 and a 200-day moving average of $22.28. The stock has a market capitalization of $675.40 million, a P/E ratio of -46.69 and a beta of 1.54.

Ryerson (NYSE:RYI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The basic materials company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.09). Ryerson had a negative net margin of 0.33% and a negative return on equity of 1.72%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. On average, equities analysts expect that Ryerson Holding Corporation will post 1.2 EPS for the current year.

Ryerson Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, September 4th. Ryerson's dividend payout ratio is currently -166.67%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Ryerson from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

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.