Radius Recycling, Inc. (NASDAQ:RDUS) Position Raised by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of Radius Recycling, Inc. (NASDAQ:RDUS - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,499,259 shares of the basic materials company's stock after buying an additional 377,212 shares during the quarter. Ameriprise Financial Inc. owned 8.88% of Radius Recycling worth $38,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Icon Advisers Inc. Co. increased its stake in Radius Recycling by 115.9% in the 4th quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company's stock valued at $4,338,000 after buying an additional 153,000 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Radius Recycling in the 4th quarter valued at about $4,199,000. JPMorgan Chase & Co. lifted its holdings in Radius Recycling by 92.5% in the 4th quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company's stock valued at $2,429,000 after purchasing an additional 76,702 shares in the last quarter. Empowered Funds LLC lifted its holdings in Radius Recycling by 5.1% in the 4th quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company's stock valued at $2,030,000 after purchasing an additional 6,472 shares in the last quarter. Finally, Perpetual Ltd lifted its holdings in 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 purchasing an additional 11,060 shares in the last quarter. Hedge funds and other institutional investors own 78.11% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Radius Recycling in a report on Monday, May 12th. They set a "sell" rating on the stock.

Radius Recycling Trading Up 0.1%

RDUS traded up $0.04 on Friday, reaching $29.40. 677,225 shares of the company's stock were exchanged, compared to its average volume of 412,832. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. Radius Recycling, Inc. has a twelve month low of $10.57 and a twelve month high of $29.59. The company's 50 day moving average is $28.48 and its 200-day moving average is $19.91. The company has a market cap of $829.14 million, a price-to-earnings ratio of -2.93 and a beta of 1.04.

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 for the quarter, topping analysts' consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The business had revenue of $642.51 million during the quarter, compared to the consensus estimate of $635.94 million. Equities analysts predict that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Dividend Announcement

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

Radius Recycling Profile

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.