Ryerson Holding Co. (NYSE:RYI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Ryerson Holding Co. (NYSE:RYI) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,361 shares of the basic materials company’s stock after selling 1,201 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Ryerson worth $821,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RYI. Newbridge Financial Services Group Inc. acquired a new stake in shares of Ryerson during the fourth quarter valued at $54,000. FMR LLC lifted its holdings in Ryerson by 159.7% in the 3rd quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock valued at $152,000 after purchasing an additional 4,704 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Ryerson during the 3rd quarter worth about $207,000. Nisa Investment Advisors LLC grew its holdings in shares of Ryerson by 3,103.6% during the third quarter. Nisa Investment Advisors LLC now owns 12,430 shares of the basic materials company’s stock worth $247,000 after buying an additional 12,042 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Ryerson in the third quarter valued at approximately $272,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Ryerson

In other Ryerson news, CFO James J. Claussen sold 6,017 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $25.30, for a total transaction of $152,230.10. Following the transaction, the chief financial officer now directly owns 58,773 shares in the company, valued at $1,486,956.90. This represents a 9.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Edward J. Lehner sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the completion of the sale, the chief executive officer now owns 593,228 shares of the company’s stock, valued at $14,706,122.12. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.88% of the company’s stock.

Ryerson Trading Down 1.3 %

Shares of RYI opened at $24.37 on Friday. The stock’s fifty day simple moving average is $21.60 and its 200 day simple moving average is $21.54. Ryerson Holding Co. has a twelve month low of $17.18 and a twelve month high of $34.65. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $776.05 million, a P/E ratio of -93.71 and a beta of 1.59.

Ryerson (NYSE:RYI) last released 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. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. On average, equities research analysts forecast that Ryerson Holding Co. will post 1.2 earnings per share for the current year.

Ryerson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.08%. The ex-dividend date is Thursday, March 6th. Ryerson’s dividend payout ratio (DPR) is presently -288.46%.

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.