Charles Schwab Investment Management Inc. Buys 166,596 Shares of Ryerson Holding Co. (NYSE:RYI)

Charles Schwab Investment Management Inc. grew its stake in Ryerson Holding Co. (NYSE:RYI) by 19.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,014,110 shares of the basic materials company’s stock after acquiring an additional 166,596 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.18% of Ryerson worth $18,771,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in shares of Ryerson during the 4th quarter worth approximately $54,000. FMR LLC boosted its position in Ryerson by 159.7% during the third quarter. FMR LLC now owns 7,649 shares of the basic materials company’s stock worth $152,000 after purchasing an additional 4,704 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Ryerson during the third quarter worth $207,000. US Bancorp DE lifted its holdings in shares of Ryerson by 150.8% during the fourth quarter. US Bancorp DE now owns 11,246 shares of the basic materials company’s stock worth $208,000 after buying an additional 6,762 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Ryerson during the third quarter worth $272,000. 94.81% of the stock is owned by institutional investors.

Insider Transactions at Ryerson

In related news, CFO James J. Claussen sold 6,017 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $25.30, for a total value of $152,230.10. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Edward J. Lehner sold 10,000 shares of the company’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 in the company, valued at $14,706,122.12. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ryerson Stock Up 4.9 %

RYI stock opened at $24.71 on Thursday. The company has a market cap of $786.97 million, a PE ratio of -95.03 and a beta of 1.53. The business has a 50-day simple moving average of $22.55 and a 200 day simple moving average of $21.79. Ryerson Holding Co. has a 52 week low of $17.18 and a 52 week high of $34.65. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.34. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. Sell-side analysts anticipate that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.

Ryerson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, March 6th. Ryerson’s payout ratio is -288.46%.

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.