Comerica Bank grew its stake in Ryerson Holding Co. (NYSE:RYI - Free Report) by 219.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,438 shares of the basic materials company's stock after purchasing an additional 36,027 shares during the quarter. Comerica Bank owned approximately 0.16% of Ryerson worth $971,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in Ryerson by 167.0% during the third quarter. Barclays PLC now owns 55,330 shares of the basic materials company's stock worth $1,101,000 after acquiring an additional 34,604 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Ryerson in the fourth quarter valued at $339,000. Victory Capital Management Inc. raised its stake in shares of Ryerson by 5.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company's stock valued at $22,502,000 after buying an additional 65,181 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Ryerson in the fourth quarter valued at $329,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ryerson by 19.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company's stock valued at $18,771,000 after buying an additional 166,596 shares during the period. Institutional investors own 94.81% of the company's stock.
Insiders Place Their Bets
In other news, CFO James J. Claussen sold 6,017 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the sale, the chief financial officer now owns 58,773 shares of the company's stock, valued at approximately $1,486,956.90. The trade was a 9.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edward J. Lehner sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the transaction, the chief executive officer now directly owns 593,228 shares of the company's stock, valued at $14,706,122.12. The trade was a 1.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.95% of the company's stock.
Ryerson Stock Performance
Shares of NYSE RYI traded up $0.36 during mid-day trading on Friday, hitting $21.81. The company had a trading volume of 141,817 shares, compared to its average volume of 295,014. The company has a market capitalization of $702.19 million, a price-to-earnings ratio of -83.88 and a beta of 1.64. Ryerson Holding Co. has a 1 year low of $17.18 and a 1 year high of $27.41. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The stock's 50-day moving average price is $22.33 and its 200-day moving average price is $22.42.
Ryerson (NYSE:RYI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.05. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.16 billion. On average, sell-side analysts forecast that Ryerson Holding Co. will post 1.2 earnings per share for the current year.
Ryerson Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 5th. Ryerson's dividend payout ratio (DPR) is currently -340.91%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. StockNews.com lowered Ryerson from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. BMO Capital Markets lifted their price target on Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Monday, February 24th.
Check Out Our Latest Stock Analysis on RYI
Ryerson Company Profile
(
Free Report)
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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