US Bancorp DE Raises Holdings in Ryerson Holding Co. (NYSE:RYI)

US Bancorp DE lifted its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 150.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,246 shares of the basic materials company’s stock after acquiring an additional 6,762 shares during the period. US Bancorp DE’s holdings in Ryerson were worth $208,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of RYI. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ryerson during the fourth quarter worth about $54,000. FMR LLC grew its stake in shares of Ryerson by 159.7% during the third quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 4,704 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Ryerson during the third quarter worth about $207,000. GSA Capital Partners LLP acquired a new stake in shares of Ryerson during the third quarter worth about $272,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Ryerson during the fourth quarter worth about $339,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Trading Up 3.9 %

Ryerson stock opened at $23.44 on Friday. 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 Holding Co. has a 52 week low of $17.18 and a 52 week high of $34.65. The company has a market capitalization of $746.59 million, a price-to-earnings ratio of -90.15 and a beta of 1.53. The stock has a 50-day moving average price of $22.20 and a 200 day moving average price of $21.71.

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

Ryerson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, March 6th. Ryerson’s payout ratio is presently -288.46%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their target price on Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, February 24th.

Insider Buying and Selling at Ryerson

In other news, CEO Edward J. Lehner sold 10,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 593,228 shares of the company’s stock, valued at $14,706,122.12. This represents a 1.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the chief financial officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is currently owned by corporate insiders.

About Ryerson

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.