Ryerson Holding Co. (NYSE:RYI) Shares Sold by Swiss National Bank

Swiss National Bank cut its position in Ryerson Holding Co. (NYSE:RYI) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,000 shares of the basic materials company’s stock after selling 7,100 shares during the period. Swiss National Bank’s holdings in Ryerson were worth $2,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in Ryerson during the 3rd quarter worth approximately $27,000. New York State Teachers Retirement System raised its holdings in shares of 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 purchasing an additional 799 shares during the last quarter. State Board of Administration of Florida Retirement System lifted 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 purchasing an additional 480 shares during the period. Quadrature Capital Ltd purchased a new stake in Ryerson in the third quarter valued at $234,000. Finally, Arizona State Retirement System grew its position in Ryerson by 36.1% during the 3rd quarter. Arizona State Retirement System now owns 8,812 shares of the basic materials company’s stock worth $256,000 after purchasing an additional 2,335 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ryerson

In related news, insider Alagu Sundarrajan sold 7,407 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $32.77, for a total transaction of $242,727.39. Following the completion of the transaction, 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 the SEC website. 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. Also, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction on 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 transaction, the insider now directly owns 13,077 shares of the company’s stock, valued at $428,533.29. The disclosure for this sale can be found here. Insiders own 3.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RYI. StockNews.com cut Ryerson from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BMO Capital Markets decreased 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, May 2nd.

Ryerson Trading Down 0.0 %

Shares of Ryerson stock opened at $24.49 on Friday. Ryerson Holding Co. has a fifty-two week low of $21.52 and a fifty-two week high of $44.70. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 2.09. The company has a market cap of $840.99 million, a P/E ratio of 9.49 and a beta of 1.69. The firm has a 50-day simple moving average of $29.07 and a two-hundred day simple moving average of $31.10.

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

Ryerson Announces Dividend

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

Ryerson Company 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.