Robotti Robert Sells 5,000 Shares of Ryerson Holding Co. (NYSE:RYI)

Robotti Robert reduced its stake in shares of Ryerson Holding Co. (NYSE:RYI) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,000 shares of the basic materials company’s stock after selling 5,000 shares during the period. Robotti Robert owned 0.08% of Ryerson worth $481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock valued at $16,874,000 after acquiring an additional 203,314 shares in the last quarter. JB Capital Partners LP grew its holdings in Ryerson by 4.0% during the third quarter. JB Capital Partners LP now owns 2,131,069 shares of the basic materials company’s stock valued at $42,430,000 after purchasing an additional 82,313 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ryerson by 7.9% in the fourth quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company’s stock valued at $17,222,000 after purchasing an additional 68,022 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Ryerson by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company’s stock worth $22,502,000 after buying an additional 65,181 shares during the period. Finally, State Street Corp boosted its holdings in shares of Ryerson by 3.2% during 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. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Activity at Ryerson

In other Ryerson 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 value of $247,900.00. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James J. Claussen sold 6,017 shares of Ryerson 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 sale, the chief financial officer now directly owns 58,773 shares in the company, valued at $1,486,956.90. The trade was a 9.29 % decrease in their position. The disclosure for this sale can be found here. 3.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Ryerson Price Performance

Shares of NYSE:RYI opened at $23.57 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $22.98 and a 200 day moving average price of $21.96. The company has a market cap of $750.82 million, a price-to-earnings ratio of -90.67 and a beta of 1.53. Ryerson Holding Co. has a twelve month low of $17.18 and a twelve month high of $34.65.

Ryerson (NYSE:RYI) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share (EPS) 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Research analysts predict that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given 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 is currently -288.46%.

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.