LSV Asset Management Buys 5,900 Shares of Ryerson Holding Co. (NYSE:RYI)

LSV Asset Management lifted its position in Ryerson Holding Co. (NYSE:RYI) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 329,877 shares of the basic materials company’s stock after acquiring an additional 5,900 shares during the quarter. LSV Asset Management’s holdings in Ryerson were worth $11,440,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Denali Advisors LLC boosted its stake in Ryerson by 43.9% in the fourth quarter. Denali Advisors LLC now owns 144,035 shares of the basic materials company’s stock valued at $4,995,000 after acquiring an additional 43,919 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Ryerson by 47.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 586,206 shares of the basic materials company’s stock valued at $17,053,000 after buying an additional 189,517 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Ryerson by 2,203.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 261,647 shares of the basic materials company’s stock valued at $7,611,000 after acquiring an additional 250,290 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Ryerson by 106.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 382,092 shares of the basic materials company’s stock worth $11,115,000 after purchasing an additional 196,872 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Ryerson by 28.6% in the third quarter. Vanguard Group Inc. now owns 2,233,108 shares of the basic materials company’s stock valued at $64,961,000 after purchasing an additional 496,913 shares during the period. 94.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RYI. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. BMO Capital Markets lowered their price objective 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.

Insider Activity

In related news, COO Michael Burbach bought 4,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $23.75 per share, with a total value of $95,000.00. Following the transaction, the chief operating officer now owns 226,263 shares in the company, valued at approximately $5,373,746.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Ryerson news, COO Michael Burbach acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alagu Sundarrajan sold 2,593 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $32.52, for a total value of $84,324.36. Following the completion of the sale, the insider now directly owns 10,484 shares in the company, valued at $340,939.68. The disclosure for this sale can be found here. Insiders own 3.88% of the company’s stock.

Ryerson Trading Down 1.7 %

Shares of Ryerson stock opened at $22.51 on Wednesday. The company has a 50 day simple moving average of $31.16 and a two-hundred day simple moving average of $31.58. The firm has a market cap of $772.99 million, a PE ratio of 8.72 and a beta of 1.69. Ryerson Holding Co. has a 1 year low of $22.28 and a 1 year high of $44.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 0.94.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business earned ($0.65) EPS.

Ryerson Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, June 6th. This represents a $0.75 annualized dividend and a yield of 3.34%. Ryerson’s payout ratio is currently 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.