Invesco Ltd. Has $1.69 Million Position in Radius Recycling, Inc. (NASDAQ:RDUS)

Invesco Ltd. lifted its holdings in shares of Radius Recycling, Inc. (NASDAQ:RDUS) by 1.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 110,932 shares of the basic materials company’s stock after buying an additional 1,473 shares during the period. Invesco Ltd.’s holdings in Radius Recycling were worth $1,688,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its position in Radius Recycling by 156.2% during the third quarter. Barclays PLC now owns 58,337 shares of the basic materials company’s stock valued at $1,081,000 after purchasing an additional 35,568 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Radius Recycling by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company’s stock worth $11,936,000 after purchasing an additional 36,618 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Radius Recycling by 67.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company’s stock valued at $1,537,000 after buying an additional 33,298 shares during the last quarter. Trium Capital LLP grew its stake in shares of Radius Recycling by 41.8% in the fourth quarter. Trium Capital LLP now owns 13,320 shares of the basic materials company’s stock valued at $203,000 after buying an additional 3,925 shares in the last quarter. Finally, Perpetual Ltd increased its holdings in Radius Recycling by 9.2% during the fourth quarter. Perpetual Ltd now owns 131,905 shares of the basic materials company’s stock worth $2,008,000 after buying an additional 11,060 shares during the last quarter. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Stock Up 0.8 %

RDUS stock opened at $29.44 on Wednesday. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $29.47. The business’s 50 day simple moving average is $24.33 and its 200 day simple moving average is $18.78. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $830.27 million, a PE ratio of -2.94 and a beta of 1.07.

Radius Recycling (NASDAQ:RDUS) last released its quarterly earnings data on Friday, April 4th. The basic materials company reported ($0.99) EPS for the quarter, beating the consensus estimate of ($1.08) by $0.09. The firm had revenue of $642.51 million for the quarter, compared to the consensus estimate of $635.94 million. Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. As a group, research analysts anticipate that Radius Recycling, Inc. will post -3.84 EPS for the current year.

Radius Recycling Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Monday, April 21st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $0.75 annualized dividend and a yield of 2.55%. Radius Recycling’s dividend payout ratio (DPR) is presently -7.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Radius Recycling in a research report on Saturday. They issued a “sell” rating for the company.

Radius Recycling Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.