Atria Wealth Solutions Inc. Reduces Position in Ryerson Holding Co. (NYSE:RYI)

Atria Wealth Solutions Inc. lowered its holdings in Ryerson Holding Co. (NYSE:RYI) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,000 shares of the basic materials company’s stock after selling 2,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in Ryerson were worth $590,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Ryerson during the 3rd quarter worth $219,000. Bank of New York Mellon Corp increased its holdings in Ryerson by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 342,029 shares of the basic materials company’s stock valued at $9,950,000 after buying an additional 11,957 shares during the last quarter. Strs Ohio increased its holdings in Ryerson by 23.4% in the third quarter. Strs Ohio now owns 21,100 shares of the basic materials company’s stock valued at $613,000 after buying an additional 4,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Ryerson by 9.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 443,992 shares of the basic materials company’s stock valued at $12,916,000 after buying an additional 37,518 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Ryerson by 22.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 14,213 shares of the basic materials company’s stock worth $413,000 after buying an additional 2,596 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Stock Performance

Shares of RYI stock opened at $22.84 on Monday. The company has a market cap of $784.33 million, a P/E ratio of 8.85 and a beta of 1.69. The business has a 50 day moving average of $31.54 and a two-hundred day moving average of $31.64. Ryerson Holding Co. has a 52 week low of $22.32 and a 52 week high of $44.70. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.55.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.49. Ryerson had a return on equity of 10.27% and a net margin of 1.84%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted ($0.65) EPS.

Ryerson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a $0.188 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.75 annualized dividend and a yield of 3.29%. Ryerson’s dividend payout ratio is presently 29.07%.

Analyst Ratings Changes

RYI has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target on Ryerson from $33.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a research note on Friday.

Insider Buying and Selling at Ryerson

In other news, insider Alagu Sundarrajan sold 7,407 shares of Ryerson stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $32.77, for a total transaction of $242,727.39. Following the sale, the insider now owns 13,077 shares of the company’s stock, valued at $428,533.29. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $32.77, for a total value of $242,727.39. Following the completion of the transaction, the insider now owns 13,077 shares of the company’s stock, valued at $428,533.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Michael Burbach acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were bought at an average price of $23.75 per share, for a total transaction of $95,000.00. Following the completion of the purchase, the chief operating officer now owns 226,263 shares of the company’s stock, valued at $5,373,746.25. The disclosure for this purchase can be found here. 3.88% of the stock is currently owned by company insiders.

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.