Vanguard Group Inc. Sells 281,972 Shares of Ryerson Holding Co. (NYSE:RYI)

Vanguard Group Inc. decreased its position in Ryerson Holding Co. (NYSE:RYI - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,708,337 shares of the basic materials company's stock after selling 281,972 shares during the period. Vanguard Group Inc. owned about 5.36% of Ryerson worth $31,621,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RYI. State Street Corp boosted its holdings in Ryerson by 3.2% in the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company's stock worth $28,101,000 after buying an additional 43,780 shares during the period. Victory Capital Management Inc. grew its position 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 purchasing an additional 65,181 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Ryerson by 19.7% during the 4th 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 purchasing an additional 166,596 shares during the period. American Century Companies Inc. boosted its stake in Ryerson by 7.9% in the 4th quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company's stock worth $17,222,000 after purchasing an additional 68,022 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in Ryerson by 2.0% during the 4th quarter. William Blair Investment Management LLC now owns 855,246 shares of the basic materials company's stock valued at $15,831,000 after buying an additional 17,075 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Ryerson Price Performance

Shares of RYI stock traded up $0.30 on Friday, reaching $22.17. The company's stock had a trading volume of 147,308 shares, compared to its average volume of 312,472. The stock's 50 day simple moving average is $23.09 and its 200-day simple moving average is $22.32. Ryerson Holding Co. has a 12-month low of $17.18 and a 12-month high of $32.45. The company has a market capitalization of $706.14 million, a P/E ratio of -85.27 and a beta of 1.35. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.34. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1 billion. As a group, equities analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Thursday, March 6th. Ryerson's dividend payout ratio is currently -288.46%.

Insider Buying and Selling

In other Ryerson news, CFO James J. Claussen sold 6,017 shares of the company's stock in a transaction that occurred on 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 $1,486,956.90. This represents a 9.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total transaction of $247,900.00. Following the transaction, the chief executive officer now directly owns 593,228 shares in the company, valued at $14,706,122.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, BMO Capital Markets raised their price objective on shares of Ryerson from $23.00 to $25.00 and gave the company a "market perform" rating in a research report on Monday, February 24th.

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.