Vanguard Group Inc. Purchases 496,913 Shares of Ryerson Holding Co. (NYSE:RYI)

Vanguard Group Inc. boosted its position in Ryerson Holding Co. (NYSE:RYI - Free Report) by 28.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,233,108 shares of the basic materials company's stock after purchasing an additional 496,913 shares during the quarter. Vanguard Group Inc. owned about 6.53% of Ryerson worth $64,961,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Ryerson during the 3rd quarter worth about $27,000. Tower Research Capital LLC TRC raised its position in shares of Ryerson by 151.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,024 shares of the basic materials company's stock worth $30,000 after buying an additional 616 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Ryerson during the 2nd quarter worth about $53,000. Citigroup Inc. raised its position in shares of Ryerson by 68.4% during the 1st quarter. Citigroup Inc. now owns 1,561 shares of the basic materials company's stock worth $57,000 after buying an additional 634 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Ryerson by 13.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,500 shares of the basic materials company's stock worth $76,000 after buying an additional 303 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ryerson Price Performance

Shares of RYI traded down $0.23 during mid-day trading on Monday, hitting $34.00. The company's stock had a trading volume of 180,479 shares, compared to its average volume of 216,667. The firm has a 50-day moving average price of $32.88 and a 200 day moving average price of $31.31. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 8.40 and a beta of 1.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 0.95. Ryerson Holding Co. has a fifty-two week low of $26.15 and a fifty-two week high of $44.70.

Ryerson (NYSE:RYI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.49. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Ryerson had a net margin of 2.85% and a return on equity of 16.33%. During the same quarter in the previous year, the company posted ($0.65) EPS.

Ryerson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were given a $0.188 dividend. This is an increase from Ryerson's previous quarterly dividend of $0.18. This represents a $0.75 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Wednesday, March 6th. Ryerson's dividend payout ratio (DPR) is 18.43%.

Insider Transactions at Ryerson

In other news, insider Alagu Sundarrajan sold 7,407 shares of Ryerson stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $32.77, for a total value of $242,727.39. Following the transaction, the insider now directly owns 13,077 shares of the company's stock, valued at $428,533.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.88% of the stock is currently owned by insiders.

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.