Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 25,543 Ryerson Holding Corporation (NYSE:RYI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 25,543 shares of Ryerson Holding Corporation, valued at approximately $586,000, representing a 0.08% ownership stake.
• A significant number of institutional investors have increased their positions in Ryerson, with Allianz Asset Management GmbH boosting its holdings by 23.7% and Teacher Retirement System of Texas increasing by 35.3% in the first quarter.
• Ryerson recently announced a quarterly dividend of $0.1875 per share, indicating an annualized dividend yield of 3.6%, despite a negative dividend payout ratio of -166.67%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Ryerson Holding Corporation (NYSE:RYI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,543 shares of the basic materials company's stock, valued at approximately $586,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Ryerson at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Allianz Asset Management GmbH boosted its position in shares of Ryerson by 23.7% in the 1st quarter. Allianz Asset Management GmbH now owns 203,298 shares of the basic materials company's stock worth $4,668,000 after purchasing an additional 38,911 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Ryerson by 35.3% in the 1st quarter. Teacher Retirement System of Texas now owns 24,021 shares of the basic materials company's stock worth $552,000 after purchasing an additional 6,273 shares in the last quarter. Grace & White Inc. NY boosted its position in shares of Ryerson by 45.2% in the 1st quarter. Grace & White Inc. NY now owns 86,367 shares of the basic materials company's stock worth $1,983,000 after purchasing an additional 26,867 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Ryerson by 10.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,927 shares of the basic materials company's stock worth $366,000 after purchasing an additional 1,495 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in shares of Ryerson by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 42,090 shares of the basic materials company's stock worth $966,000 after purchasing an additional 643 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Ryerson Stock Performance

Shares of RYI stock opened at $20.61 on Friday. The firm has a market capitalization of $663.64 million, a price-to-earnings ratio of -45.80 and a beta of 1.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.03 and a quick ratio of 0.99. The business has a fifty day moving average of $21.92 and a 200 day moving average of $22.30. Ryerson Holding Corporation has a 1 year low of $17.18 and a 1 year high of $27.41.

Ryerson (NYSE:RYI - Get Free Report) last released 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). The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.17 billion. Ryerson had a negative net margin of 0.33% and a negative return on equity of 1.72%. As a group, research analysts expect that Ryerson Holding Corporation will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Ryerson from a "buy" rating to a "hold" rating in a research note 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.

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