Radius Recycling, Inc. (NASDAQ:RDUS) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,523 shares of the basic materials company's stock after purchasing an additional 9,186 shares during the quarter. Barclays PLC owned 0.24% of Radius Recycling worth $1,027,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new position in Radius Recycling in the fourth quarter worth approximately $4,199,000. JPMorgan Chase & Co. raised its stake in Radius Recycling by 92.5% in the fourth quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company's stock valued at $2,429,000 after buying an additional 76,702 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Radius Recycling by 5.1% during the 4th quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company's stock worth $2,030,000 after acquiring an additional 6,472 shares in the last quarter. Perpetual Ltd increased its holdings in shares of Radius Recycling by 9.2% in the 4th quarter. Perpetual Ltd now owns 131,905 shares of the basic materials company's stock valued at $2,008,000 after acquiring an additional 11,060 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Radius Recycling during the fourth quarter worth approximately $1,964,000. Institutional investors and hedge funds own 78.11% of the company's stock.

Radius Recycling Stock Performance

Shares of RDUS opened at $29.43 on Tuesday. The firm has a market cap of $829.98 million, a PE ratio of -2.94 and a beta of 1.07. The company's 50 day simple moving average is $25.62 and its 200-day simple moving average is $19.11. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a 12-month low of $10.57 and a 12-month high of $29.48.

Radius Recycling (NASDAQ:RDUS - Get Free Report) last released its quarterly earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The firm had revenue of $642.51 million for the quarter, compared to analyst estimates of $635.94 million. As a group, equities analysts predict that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Monday, April 21st. Radius Recycling's payout ratio is -7.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Radius Recycling in a research note on Sunday. They set a "sell" rating on the stock.

About Radius Recycling

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.