Federated Hermes Inc. Reduces Position in Ryerson Holding Co. (NYSE:RYI)

Federated Hermes Inc. trimmed its holdings in Ryerson Holding Co. (NYSE:RYI) by 58.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,713 shares of the basic materials company’s stock after selling 33,533 shares during the quarter. Federated Hermes Inc. owned approximately 0.07% of Ryerson worth $462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Los Angeles Capital Management LLC lifted its holdings 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 valued at $251,000 after buying an additional 355 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Ryerson by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 17,590 shares of the basic materials company’s stock valued at $343,000 after acquiring an additional 636 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ryerson by 7.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,553 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 977 shares during the period. Principal Financial Group Inc. increased its holdings in Ryerson by 7.9% during the 2nd quarter. Principal Financial Group Inc. now owns 13,623 shares of the basic materials company’s stock worth $266,000 after purchasing an additional 1,003 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Ryerson by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 46,135 shares of the basic materials company’s stock valued at $1,546,000 after purchasing an additional 1,647 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Ryerson Price Performance

RYI opened at $19.35 on Tuesday. The company has a market capitalization of $664.40 million, a price-to-earnings ratio of 7.50 and a beta of 1.56. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. Ryerson Holding Co. has a 12-month low of $17.57 and a 12-month high of $36.20. The business’s fifty day simple moving average is $20.37 and its 200-day simple moving average is $24.03.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.33 EPS for the quarter, beating 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 business had revenue of $1.23 billion during the quarter. During the same quarter in the prior year, the firm posted $1.06 EPS.

Ryerson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.188 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, September 5th. Ryerson’s payout ratio is 29.07%.

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.