Susquehanna International Group LLP bought a new stake in Ryerson Holding (NYSE:RYZ – Free Report) during the second quarter, HoldingsChannel reports. The fund bought 56,112 shares of the company’s stock, valued at approximately $1,381,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of RYZ. Quantbot Technologies LP purchased a new position in Ryerson during the 2nd quarter worth approximately $66,000. Public Employees Retirement System of Ohio acquired a new stake in Ryerson during the 2nd quarter valued at approximately $130,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Ryerson in the 2nd quarter valued at $148,000. State of Wyoming purchased a new stake in shares of Ryerson in the 2nd quarter valued at $185,000. Finally, NFJ Investment Group LLC acquired a new stake in shares of Ryerson in the second quarter worth $219,000. Institutional investors and hedge funds own 94.81% of the company’s stock.
Ryerson Trading Up 0.1%
Shares of RYZ stock opened at $25.34 on Monday. Ryerson Holding has a twelve month low of $19.34 and a twelve month high of $32.00. The stock has a market capitalization of $1.32 billion, a PE ratio of -20.44 and a beta of 1.65. The firm’s 50 day moving average is $27.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.21.
Ryerson Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Ryerson’s payout ratio is currently -60.48%.
Insider Transactions at Ryerson
In related news, CAO Molly D. Kannan sold 1,000 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $30.00, for a total transaction of $30,000.00. Following the sale, the chief accounting officer directly owned 24,636 shares of the company’s stock, valued at approximately $739,080. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 6.58% of the company’s stock.
Wall Street Analysts Forecast Growth
RYZ has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a report on Thursday, June 18th. Zacks Research raised shares of Ryerson from a “strong sell” rating to a “hold” rating in a report on Monday, August 24th. Finally, Wall Street Zen raised Ryerson from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.
Get Our Latest Stock Report on Ryerson
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.
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