Barclays PLC Has $1.06 Million Stock Holdings in Ryerson Holding Co. (NYSE:RYI)

Barclays PLC raised its position in Ryerson Holding Co. (NYSE:RYI) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,280 shares of the basic materials company’s stock after acquiring an additional 1,950 shares during the period. Barclays PLC owned about 0.18% of Ryerson worth $1,061,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. raised its position in Ryerson by 85.8% in the fourth quarter. Franklin Resources Inc. now owns 2,329,803 shares of the basic materials company’s stock worth $43,125,000 after purchasing an additional 1,075,963 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Ryerson by 5.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,215,679 shares of the basic materials company’s stock valued at $22,502,000 after purchasing an additional 65,181 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Ryerson by 19.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,014,110 shares of the basic materials company’s stock worth $18,771,000 after buying an additional 166,596 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Ryerson by 7.9% during the 4th quarter. American Century Companies Inc. now owns 930,439 shares of the basic materials company’s stock worth $17,222,000 after buying an additional 68,022 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Ryerson by 2.0% in the 4th quarter. William Blair Investment Management LLC now owns 855,246 shares of the basic materials company’s stock valued at $15,831,000 after buying an additional 17,075 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

RYI has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. StockNews.com upgraded shares of Ryerson from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st.

Insider Buying and Selling

In related news, CEO Edward J. Lehner sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the sale, the chief executive officer now directly owns 593,228 shares in the company, valued at $14,706,122.12. This trade represents a 1.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James J. Claussen sold 6,017 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $25.30, for a total transaction of $152,230.10. Following the transaction, the chief financial officer now owns 58,773 shares of the company’s stock, valued at approximately $1,486,956.90. This represents a 9.29 % decrease in their position. The disclosure for this sale can be found here. 3.95% of the stock is owned by insiders.

Ryerson Stock Down 2.2 %

Shares of RYI opened at $20.59 on Tuesday. The business’s 50 day simple moving average is $22.86 and its 200-day simple moving average is $22.44. Ryerson Holding Co. has a one year low of $17.18 and a one year high of $27.41. The company has a market capitalization of $655.65 million, a P/E ratio of -79.17 and a beta of 1.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.06.

Ryerson (NYSE:RYI) last announced its earnings results on Wednesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.05. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. As a group, sell-side analysts predict that Ryerson Holding Co. will post 1.2 EPS for the current fiscal year.

Ryerson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Thursday, June 5th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Thursday, June 5th. Ryerson’s dividend payout ratio (DPR) is currently -340.91%.

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.