PDT Partners LLC Invests $1.65 Million in Ryerson Holding $RYZ

PDT Partners LLC acquired a new position in Ryerson Holding (NYSE:RYZ) in the 2nd quarter, HoldingsChannel reports. The fund acquired 66,901 shares of the company’s stock, valued at approximately $1,646,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Wyoming purchased a new stake in Ryerson during the second quarter valued at about $185,000. Bank of New York Mellon Corp bought a new stake in shares of Ryerson in the second quarter valued at approximately $10,692,000. Deutsche Bank AG bought a new stake in shares of Ryerson in the second quarter valued at approximately $1,273,000. BlackRock Inc. purchased a new stake in shares of Ryerson during the 2nd quarter valued at approximately $120,378,000. Finally, Robotti Robert purchased a new stake in shares of Ryerson during the 2nd quarter valued at approximately $9,102,000. 94.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RYZ shares. Zacks Research upgraded shares of Ryerson from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of Ryerson in a research report on Thursday, June 18th. Finally, Wall Street Zen raised Ryerson from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ryerson has a consensus rating of “Reduce”.

Ryerson Price Performance

Shares of NYSE:RYZ opened at $25.12 on Thursday. The business has a fifty day moving average of $27.32. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -20.26 and a beta of 1.65. Ryerson Holding has a one year low of $19.34 and a one year high of $32.00. The company has a quick ratio of 1.04, a current ratio of 2.21 and a debt-to-equity ratio of 0.73.

Ryerson (NYSE:RYZ) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. The company had revenue of $2.01 billion during the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. As a group, equities research analysts expect that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.75 dividend on an annualized basis and a yield of 3.0%. Ryerson’s dividend payout ratio (DPR) is presently -60.48%.

Insider Transactions at Ryerson

In other Ryerson news, CAO Molly D. Kannan sold 1,000 shares of Ryerson stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. Following the completion of the sale, the chief accounting officer owned 24,636 shares of the company’s stock, valued at $739,080. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 4,500 shares of company stock worth $131,260 over the last three months. Insiders own 6.58% of the company’s stock.

Ryerson Profile

Ryerson (NYSE: RYZ) is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.