Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in 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 stake in shares of Ryerson Holding Corporation (NYSE:RYI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,543 shares of the basic materials company's stock, valued at approximately $586,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Ryerson at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. raised its stake in Ryerson by 85.8% in the fourth quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company's stock worth $43,125,000 after buying an additional 1,075,963 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ryerson by 7.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 704,448 shares of the basic materials company's stock valued at $13,039,000 after purchasing an additional 49,905 shares during the last quarter. Towle & Co. lifted its holdings in shares of Ryerson by 3.3% during the fourth quarter. Towle & Co. now owns 554,868 shares of the basic materials company's stock valued at $10,271,000 after purchasing an additional 17,925 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ryerson by 12.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 542,433 shares of the basic materials company's stock valued at $10,040,000 after acquiring an additional 62,092 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Ryerson by 1.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 519,307 shares of the basic materials company's stock valued at $9,612,000 after acquiring an additional 9,840 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Ryerson Stock Performance

Shares of Ryerson stock traded down $0.35 on Wednesday, hitting $21.02. 56,925 shares of the company's stock were exchanged, compared to its average volume of 236,348. The company has a 50-day simple moving average of $21.91 and a 200-day simple moving average of $22.30. The stock has a market capitalization of $676.68 million, a PE ratio of -46.87 and a beta of 1.56. Ryerson Holding Corporation has a 1 year low of $17.18 and a 1 year high of $27.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 2.03.

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

Ryerson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors 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 payout ratio is -166.67%.

Analyst Upgrades and Downgrades

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 Company 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.