Janney Montgomery Scott LLC Boosts Position in Ryerson Holding Co. (NYSE:RYI)

Janney Montgomery Scott LLC grew its stake in Ryerson Holding Co. (NYSE:RYI) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,571 shares of the basic materials company’s stock after purchasing an additional 5,487 shares during the period. Janney Montgomery Scott LLC’s holdings in Ryerson were worth $2,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new stake in shares of Ryerson during the 3rd quarter worth approximately $27,000. New York State Teachers Retirement System boosted its holdings in Ryerson by 46.5% during the fourth quarter. New York State Teachers Retirement System now owns 2,518 shares of the basic materials company’s stock worth $87,000 after buying an additional 799 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Ryerson by 7.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 6,882 shares of the basic materials company’s stock valued at $200,000 after buying an additional 480 shares during the period. Quadrature Capital Ltd purchased a new position in Ryerson in the third quarter valued at $234,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Ryerson in the fourth quarter worth about $247,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ryerson

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

Ryerson Price Performance

Ryerson stock opened at $24.49 on Friday. The stock has a market capitalization of $840.99 million, a P/E ratio of 9.49 and a beta of 1.69. The company’s fifty day moving average price is $29.07 and its 200 day moving average price is $31.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 2.09. Ryerson Holding Co. has a 1 year low of $21.52 and a 1 year high of $44.70.

Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, April 30th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.47). Ryerson had a net margin of 1.84% and a return on equity of 10.27%. The company had revenue of $1.24 billion during the quarter.

Ryerson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.188 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.75 annualized dividend and a yield of 3.07%. Ryerson’s dividend payout ratio (DPR) is currently 29.07%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RYI shares. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. BMO Capital Markets lowered their price target on Ryerson from $33.00 to $28.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd.

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.