The Manufacturers Life Insurance Company Raises Stock Position in Ryerson Holding Co. (NYSE:RYI)

The Manufacturers Life Insurance Company lifted its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,626 shares of the basic materials company’s stock after acquiring an additional 1,157 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ryerson were worth $305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Ryerson in the 1st quarter valued at about $139,000. Point72 DIFC Ltd boosted its position in shares of Ryerson by 16.7% in the second quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 837 shares during the last quarter. Comerica Bank raised its position in shares of Ryerson by 2,177.4% in the 1st quarter. Comerica Bank now owns 6,855 shares of the basic materials company’s stock worth $230,000 after buying an additional 6,554 shares during the period. Los Angeles Capital Management LLC increased its position in Ryerson by 5.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 7,491 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 355 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ryerson by 41.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 2,259 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ryerson Stock Performance

Ryerson stock opened at $22.00 on Friday. The stock’s 50 day moving average price is $19.53 and its 200 day moving average price is $22.71. The firm has a market capitalization of $730.40 million, a PE ratio of 12.15 and a beta of 1.56. Ryerson Holding Co. has a one year low of $17.57 and a one year high of $36.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 2.38.

Ryerson (NYSE:RYI) last released its earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. Ryerson had a net margin of 1.31% and a return on equity of 7.27%. The company had revenue of $1.23 billion during the quarter. During the same period in the previous year, the firm posted $1.06 EPS.

Ryerson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.188 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.42%. Ryerson’s payout ratio is currently 41.44%.

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.