UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.21 Million Stock Position in Ryerson Holding Co. (NYSE:RYI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Ryerson Holding Co. (NYSE:RYI) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,808 shares of the basic materials company’s stock after acquiring an additional 5,773 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Ryerson worth $1,211,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new position in Ryerson in the 2nd quarter valued at about $39,000. Copeland Capital Management LLC bought a new position in shares of Ryerson during the third quarter worth approximately $56,000. SG Americas Securities LLC acquired a new stake in shares of Ryerson in the third quarter valued at approximately $108,000. Point72 DIFC Ltd increased its stake in Ryerson by 16.7% during the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 837 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ryerson by 41.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 2,259 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Stock Down 1.2 %

RYI stock opened at $21.67 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The company has a market cap of $690.12 million, a PE ratio of 35.52 and a beta of 1.54. The business has a 50-day simple moving average of $23.40 and a 200 day simple moving average of $21.42. Ryerson Holding Co. has a 52 week low of $17.57 and a 52 week high of $36.20.

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

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 5th. Ryerson’s payout ratio is 122.95%.

Insider Buying and Selling at Ryerson

In related news, EVP Mark S. Silver sold 9,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $24.56, for a total value of $221,040.00. Following the sale, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.88% of the company’s stock.

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.