Robotti Robert Has $481,000 Stock Position in Ryerson Holding Co. (NYSE:RYI)

Robotti Robert cut its position in Ryerson Holding Co. (NYSE:RYI) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,000 shares of the basic materials company’s stock after selling 5,000 shares during the period. Robotti Robert’s holdings in Ryerson were worth $481,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Ryerson in the 4th quarter worth approximately $54,000. FMR LLC raised its position in Ryerson by 159.7% in the 3rd quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock valued at $152,000 after purchasing an additional 4,704 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Ryerson during the third quarter worth $207,000. US Bancorp DE increased its stake in shares of Ryerson by 150.8% in the fourth quarter. US Bancorp DE now owns 11,246 shares of the basic materials company’s stock valued at $208,000 after buying an additional 6,762 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Ryerson during the 4th quarter worth about $329,000. 94.81% of the stock is owned by institutional investors.

Ryerson Stock Up 1.0 %

NYSE:RYI opened at $23.57 on Thursday. The company has a market cap of $750.82 million, a price-to-earnings ratio of -90.67 and a beta of 1.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22. The stock’s fifty day moving average price is $22.98 and its two-hundred day moving average price is $21.96. Ryerson Holding Co. has a 52-week low of $17.18 and a 52-week high of $34.65.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.34. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. On average, analysts anticipate that Ryerson Holding Co. will post 1.2 EPS for the current year.

Ryerson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Thursday, March 6th. Ryerson’s dividend payout ratio (DPR) is -288.46%.

Analysts Set New Price Targets

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.

Insider Activity at Ryerson

In related news, CFO James J. Claussen sold 6,017 shares of the company’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 in the company, valued at approximately $1,486,956.90. This represents a 9.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Edward J. Lehner sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $24.79, for a total value of $247,900.00. Following the transaction, the chief executive officer now owns 593,228 shares in the company, valued at approximately $14,706,122.12. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. 3.95% of the stock is currently owned by company insiders.

Ryerson 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.