Charles Schwab Investment Management Inc. Grows Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

Charles Schwab Investment Management Inc. raised its position in Ryerson Holding Co. (NYSE:RYI) by 31.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 847,514 shares of the basic materials company’s stock after acquiring an additional 203,314 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.66% of Ryerson worth $16,874,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RYI. Victory Capital Management Inc. increased its position in shares of Ryerson by 164.8% during the third quarter. Victory Capital Management Inc. now owns 1,150,498 shares of the basic materials company’s stock valued at $22,906,000 after buying an additional 715,990 shares during the period. American Century Companies Inc. increased its position in shares of Ryerson by 14.2% during the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock valued at $15,281,000 after buying an additional 97,556 shares during the period. Renaissance Technologies LLC increased its position in shares of Ryerson by 34.1% during the second quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock valued at $5,433,000 after buying an additional 70,901 shares during the period. Bank of Montreal Can purchased a new position in shares of Ryerson during the second quarter valued at about $5,372,000. Finally, Denali Advisors LLC increased its position in shares of Ryerson by 34.3% during the second quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock valued at $4,169,000 after buying an additional 54,621 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Trading Down 2.9 %

NYSE:RYI opened at $23.86 on Friday. The company’s 50-day simple moving average is $22.99 and its 200 day simple moving average is $21.50. The firm has a market capitalization of $759.94 million, a P/E ratio of 39.11 and a beta of 1.54. 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 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

Ryerson (NYSE:RYI) last issued its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.26). The firm had revenue of $1.13 billion during the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same quarter in the previous year, the company posted $1.00 EPS.

Ryerson Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.75 annualized dividend and a dividend yield of 3.14%. Ryerson’s dividend payout ratio is presently 122.95%.

Insider Transactions at Ryerson

In other news, EVP Mark S. Silver sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $24.56, for a total transaction of $221,040.00. Following the completion of the transaction, the executive vice president now directly owns 107,664 shares of the company’s stock, valued at $2,644,227.84. The trade was a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.88% of the company’s stock.

Ryerson Profile

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.