Robeco Institutional Asset Management B.V. Has $340.29 Million Holdings in Steel Dynamics, Inc. $STLD

Robeco Institutional Asset Management B.V. lifted its stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,008,199 shares of the basic materials company’s stock after buying an additional 72,122 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Steel Dynamics were worth $340,289,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of STLD. Boston Partners bought a new stake in shares of Steel Dynamics in the third quarter worth $101,254,000. Qube Research & Technologies Ltd bought a new stake in shares of Steel Dynamics in the second quarter worth $48,746,000. Caisse de depot et placement du Quebec grew its stake in shares of Steel Dynamics by 134.9% in the third quarter. Caisse de depot et placement du Quebec now owns 493,290 shares of the basic materials company’s stock worth $68,779,000 after purchasing an additional 283,300 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Steel Dynamics by 79.1% in the second quarter. AQR Capital Management LLC now owns 627,542 shares of the basic materials company’s stock worth $80,332,000 after purchasing an additional 277,166 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Steel Dynamics by 6,163.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 274,861 shares of the basic materials company’s stock worth $38,324,000 after purchasing an additional 270,473 shares during the last quarter. Institutional investors own 82.41% of the company’s stock.

Steel Dynamics Stock Performance

Shares of STLD opened at $190.57 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $27.58 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 0.52 and a beta of 1.39. The firm’s fifty day simple moving average is $185.54 and its two-hundred day simple moving average is $169.94. Steel Dynamics, Inc. has a 12 month low of $112.72 and a 12 month high of $208.47.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.10. The business had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.62 billion. Steel Dynamics had a net margin of 6.52% and a return on equity of 13.56%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. As a group, analysts predict that Steel Dynamics, Inc. will post 9.01 EPS for the current year.

Steel Dynamics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 1.1%. This is an increase from Steel Dynamics’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, March 31st. Steel Dynamics’s payout ratio is currently 26.47%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Steel Dynamics from $210.00 to $196.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. JPMorgan Chase & Co. reduced their price objective on shares of Steel Dynamics from $194.00 to $192.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Morgan Stanley reissued an “underperform” rating and issued a $190.00 price objective on shares of Steel Dynamics in a research note on Tuesday, March 17th. Jefferies Financial Group reissued a “buy” rating on shares of Steel Dynamics in a research note on Tuesday, March 17th. Finally, Wall Street Zen cut shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $182.44.

About Steel Dynamics

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.