Radius Recycling (NASDAQ:RDUS) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Radius Recycling (NASDAQ:RDUS) in a report published on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $22.00 target price on the basic materials company’s stock.

Separately, StockNews.com lowered Radius Recycling from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th.

Radius Recycling Stock Down 0.8 %

Shares of NASDAQ RDUS opened at $19.66 on Monday. The company has a market cap of $551.27 million, a P/E ratio of -2.12 and a beta of 1.55. The firm has a 50-day simple moving average of $18.25 and a two-hundred day simple moving average of $16.74. Radius Recycling has a 1 year low of $12.69 and a 1 year high of $31.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.92 and a quick ratio of 1.00.

Radius Recycling (NASDAQ:RDUS) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.18. Radius Recycling had a negative net margin of 9.73% and a negative return on equity of 9.83%. The company had revenue of $771.00 million for the quarter, compared to the consensus estimate of $680.80 million. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Research analysts anticipate that Radius Recycling will post -1.02 earnings per share for the current year.

Radius Recycling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th were given a $0.1875 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.75 dividend on an annualized basis and a yield of 3.81%. Radius Recycling’s dividend payout ratio is currently -8.01%.

Insider Buying and Selling at Radius Recycling

In other Radius Recycling news, SVP Steven Heiskell sold 17,675 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $17.08, for a total value of $301,889.00. Following the sale, the senior vice president now owns 133,780 shares in the company, valued at approximately $2,284,962.40. This represents a 11.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Radius Recycling

Large investors have recently bought and sold shares of the business. Barclays PLC increased its stake in Radius Recycling by 156.2% during the 3rd quarter. Barclays PLC now owns 58,337 shares of the basic materials company’s stock worth $1,081,000 after buying an additional 35,568 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Radius Recycling by 6.0% in the third quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company’s stock worth $11,936,000 after acquiring an additional 36,618 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Radius Recycling by 1.9% during the third quarter. Public Employees Retirement System of Ohio now owns 33,186 shares of the basic materials company’s stock worth $615,000 after purchasing an additional 610 shares in the last quarter. Jane Street Group LLC increased its position in shares of Radius Recycling by 62.9% during the third quarter. Jane Street Group LLC now owns 90,813 shares of the basic materials company’s stock worth $1,684,000 after purchasing an additional 35,073 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Radius Recycling by 28.6% in the 3rd quarter. Stifel Financial Corp now owns 20,052 shares of the basic materials company’s stock valued at $372,000 after purchasing an additional 4,455 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

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.