Allspring Global Investments Holdings LLC Sells 516 Shares of Ryerson Holding Co. (NYSE:RYI)

Allspring Global Investments Holdings LLC lessened its holdings in Ryerson Holding Co. (NYSE:RYI) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,806 shares of the basic materials company’s stock after selling 516 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ryerson were worth $136,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of RYI. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ryerson in the 2nd quarter worth $39,000. SG Americas Securities LLC purchased a new stake in shares of Ryerson during the 3rd quarter worth $108,000. Point72 DIFC Ltd lifted its stake in shares of Ryerson by 16.7% during the 2nd quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 837 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ryerson by 41.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 2,259 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Ryerson by 2,177.4% during the 1st quarter. Comerica Bank now owns 6,855 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 6,554 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Ryerson Trading Up 0.7 %

Ryerson stock opened at $21.66 on Tuesday. The stock has a 50-day moving average of $20.18 and a two-hundred day moving average of $21.59. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 2.22. Ryerson Holding Co. has a one year low of $17.57 and a one year high of $36.20. The stock has a market cap of $689.87 million, a PE ratio of 35.51 and a beta of 1.54.

Ryerson (NYSE:RYI) last posted its earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.26). The company had revenue of $1.13 billion for the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same quarter last year, the business posted $1.00 earnings per share.

Ryerson Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.75 dividend on an annualized basis and a yield of 3.46%. Ryerson’s payout ratio is 122.95%.

About Ryerson

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.