Intech Investment Management LLC Buys Shares of 10,384 Ryerson Holding Co. (NYSE:RYI)

Intech Investment Management LLC purchased a new position in Ryerson Holding Co. (NYSE:RYI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,384 shares of the basic materials company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently modified their holdings of RYI. Denali Advisors LLC boosted its position in Ryerson by 34.3% during the second quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock valued at $4,169,000 after acquiring an additional 54,621 shares during the last quarter. Renaissance Technologies LLC grew its stake in Ryerson by 34.1% during the second quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after purchasing an additional 70,901 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Ryerson by 8.0% in the second quarter. The Manufacturers Life Insurance Company now owns 15,626 shares of the basic materials company’s stock valued at $305,000 after buying an additional 1,157 shares during the period. Hantz Financial Services Inc. bought a new position in shares of Ryerson during the 2nd quarter worth approximately $595,000. Finally, Grace & White Inc. NY acquired a new stake in shares of Ryerson during the 3rd quarter worth approximately $1,185,000. 94.81% of the stock is owned by institutional investors.

Ryerson Stock Down 2.9 %

Ryerson stock opened at $23.86 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $759.94 million, a PE ratio of 39.11 and a beta of 1.54. The firm’s fifty day moving average is $22.99 and its 200 day moving average is $21.51. Ryerson Holding Co. has a 12-month low of $17.57 and a 12-month high of $36.20.

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

Ryerson Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid 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 3.14%. Ryerson’s dividend payout ratio (DPR) is presently 122.95%.

Insiders Place Their Bets

In related news, EVP Mark S. Silver sold 9,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following the completion of the sale, the executive vice president now directly owns 107,664 shares of the company’s stock, valued at approximately $2,644,227.84. This represents a 7.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.88% of the company’s stock.

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.