Fisher Asset Management LLC Boosts Holdings in Ryerson Holding Co. (NYSE:RYI)

Fisher Asset Management LLC increased its position in shares of Ryerson Holding Co. (NYSE:RYI) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 126,673 shares of the basic materials company’s stock after buying an additional 3,956 shares during the quarter. Fisher Asset Management LLC owned about 0.37% of Ryerson worth $4,393,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RYI. Swiss National Bank lifted its stake in shares of Ryerson by 35.7% in the 3rd quarter. Swiss National Bank now owns 68,100 shares of the basic materials company’s stock valued at $1,981,000 after purchasing an additional 17,900 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ryerson by 106.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 382,092 shares of the basic materials company’s stock worth $11,115,000 after buying an additional 196,872 shares during the period. Deutsche Bank AG increased its position in shares of Ryerson by 85.5% during the third quarter. Deutsche Bank AG now owns 15,698 shares of the basic materials company’s stock valued at $457,000 after acquiring an additional 7,236 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Ryerson in the 3rd quarter valued at approximately $27,000. Finally, WINTON GROUP Ltd lifted its holdings in shares of Ryerson by 27.3% in the 3rd quarter. WINTON GROUP Ltd now owns 12,064 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 2,587 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ryerson Trading Down 0.2 %

Shares of RYI stock opened at $20.26 on Friday. The stock has a market capitalization of $695.73 million, a P/E ratio of 7.85 and a beta of 1.62. Ryerson Holding Co. has a fifty-two week low of $20.18 and a fifty-two week high of $44.70. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 2.09. The company has a 50 day moving average price of $24.93 and a 200 day moving average price of $30.14.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.47). The company had revenue of $1.24 billion for the quarter. Ryerson had a return on equity of 10.27% and a net margin of 1.84%.

Ryerson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Thursday, June 6th. Ryerson’s dividend payout ratio is presently 29.07%.

Analysts Set New Price Targets

A number of brokerages have issued reports on RYI. BMO Capital Markets cut their target price on Ryerson from $33.00 to $28.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. StockNews.com lowered Ryerson from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd.

Insider Buying and Selling

In other news, Director Karen Marie Leggio bought 2,127 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $23.50 per share, for a total transaction of $49,984.50. Following the completion of the purchase, the director now owns 2,127 shares in the company, valued at approximately $49,984.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Michael Burbach purchased 4,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $23.75 per share, with a total value of $95,000.00. Following the completion of the transaction, the chief operating officer now directly owns 226,263 shares in the company, valued at approximately $5,373,746.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Karen Marie Leggio bought 2,127 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of $23.50 per share, for a total transaction of $49,984.50. Following the completion of the acquisition, the director now directly owns 2,127 shares in the company, valued at $49,984.50. The disclosure for this purchase can be found here. Insiders own 3.88% of the company’s stock.

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.