Universal Beteiligungs und Servicegesellschaft mbH Acquires 4,551 Shares of Steel Dynamics, Inc. $STLD

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 5.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 85,469 shares of the basic materials company’s stock after buying an additional 4,551 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Steel Dynamics were worth $11,917,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Steel Dynamics by 3.3% during the second quarter. State Street Corp now owns 7,300,813 shares of the basic materials company’s stock worth $938,196,000 after acquiring an additional 230,582 shares during the last quarter. Norges Bank acquired a new stake in Steel Dynamics during the 2nd quarter valued at approximately $339,769,000. Nordea Investment Management AB raised its holdings in Steel Dynamics by 12.1% during the 3rd quarter. Nordea Investment Management AB now owns 2,340,480 shares of the basic materials company’s stock worth $322,518,000 after purchasing an additional 252,108 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Steel Dynamics by 15.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,936,077 shares of the basic materials company’s stock worth $269,947,000 after purchasing an additional 260,104 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Steel Dynamics by 0.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,410,983 shares of the basic materials company’s stock worth $180,620,000 after purchasing an additional 5,317 shares during the period. Institutional investors own 82.41% of the company’s stock.

Steel Dynamics Trading Up 1.4%

STLD opened at $181.32 on Friday. The company has a fifty day moving average price of $169.72 and a two-hundred day moving average price of $149.04. Steel Dynamics, Inc. has a 1-year low of $103.17 and a 1-year high of $182.81. The company has a market cap of $26.48 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.48. The company has a current ratio of 3.11, a quick ratio of 1.47 and a debt-to-equity ratio of 0.43.

Steel Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. Steel Dynamics’s payout ratio is presently 26.49%.

Insiders Place Their Bets

In other Steel Dynamics news, SVP Miguel Alvarez sold 8,251 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $162.79, for a total value of $1,343,180.29. Following the transaction, the senior vice president owned 117,068 shares in the company, valued at approximately $19,057,499.72. This represents a 6.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on STLD shares. Morgan Stanley reiterated an “equal weight” rating and set a $194.00 price objective (up from $173.00) on shares of Steel Dynamics in a research report on Friday, January 9th. KeyCorp reiterated an “overweight” rating and set a $190.00 price target on shares of Steel Dynamics in a report on Wednesday, January 7th. UBS Group set a $165.00 price objective on Steel Dynamics in a research report on Tuesday, November 4th. JPMorgan Chase & Co. upped their target price on Steel Dynamics from $165.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Finally, Wells Fargo & Company raised their target price on Steel Dynamics from $172.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $182.00.

About Steel Dynamics

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.