Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 5.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 63,390 shares of the basic materials company’s stock after selling 3,472 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Radius Recycling were worth $1,175,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RDUS. American Century Companies Inc. boosted its holdings in Radius Recycling by 2.9% in the second quarter. American Century Companies Inc. now owns 564,717 shares of the basic materials company’s stock worth $8,623,000 after purchasing an additional 16,162 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Radius Recycling in the 2nd quarter valued at about $30,000. FMR LLC boosted its holdings in shares of Radius Recycling by 23.7% in the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock valued at $17,638,000 after buying an additional 182,435 shares during the period. Algert Global LLC bought a new stake in shares of Radius Recycling during the 3rd quarter valued at about $922,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Radius Recycling by 78.3% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,088 shares of the basic materials company’s stock worth $1,483,000 after acquiring an additional 42,636 shares during the period. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Stock Performance

Shares of NASDAQ RDUS opened at $17.30 on Wednesday. Radius Recycling, Inc. has a 12-month low of $12.69 and a 12-month high of $31.70. The company has a market cap of $485.07 million, a PE ratio of -1.85 and a beta of 1.59. The stock has a 50 day simple moving average of $18.38 and a 200-day simple moving average of $16.82. The company has a current ratio of 1.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65.

Radius Recycling (NASDAQ:RDUS) last announced its earnings results on Thursday, October 24th. The basic materials company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.18. The firm had revenue of $771.00 million during the quarter, compared to analyst estimates of $680.80 million. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. Radius Recycling’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, equities research analysts forecast that Radius Recycling, Inc. will post -1.02 EPS for the current year.

Radius Recycling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were issued a dividend of $0.1875 per share. The ex-dividend date was Tuesday, November 12th. This represents a $0.75 annualized dividend and a yield of 4.34%. Radius Recycling’s payout ratio is -8.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RDUS shares. StockNews.com upgraded Radius Recycling from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group assumed coverage on Radius Recycling in a research note on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective for the company.

Insider Buying and Selling at Radius Recycling

In related news, SVP Steven Heiskell sold 17,675 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $17.08, for a total value of $301,889.00. Following the sale, the senior vice president now directly owns 133,780 shares in the company, valued at $2,284,962.40. The trade was a 11.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.70% of the stock is currently owned by corporate insiders.

Radius Recycling Company 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.