Price T Rowe Associates Inc. MD Acquires 3,455 Shares of Radius Recycling, Inc. (NASDAQ:RDUS)

Price T Rowe Associates Inc. MD lifted its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,722 shares of the basic materials company’s stock after purchasing an additional 3,455 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.06% of Radius Recycling worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Barclays PLC raised its position in shares of Radius Recycling by 15.7% in the 4th quarter. Barclays PLC now owns 67,523 shares of the basic materials company’s stock worth $1,027,000 after purchasing an additional 9,186 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Radius Recycling in the 4th quarter worth about $1,342,000. E. Ohman J or Asset Management AB raised its position in shares of Radius Recycling by 29.9% in the 4th quarter. E. Ohman J or Asset Management AB now owns 98,650 shares of the basic materials company’s stock worth $1,501,000 after purchasing an additional 22,700 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Radius Recycling by 67.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 82,919 shares of the basic materials company’s stock worth $1,537,000 after purchasing an additional 33,298 shares during the last quarter. Finally, PEAK6 LLC purchased a new position in shares of Radius Recycling in the 4th quarter worth about $262,000. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Radius Recycling in a research report on Monday, May 12th. They issued a “sell” rating for the company.

Radius Recycling Price Performance

Shares of NASDAQ:RDUS opened at $29.40 on Friday. Radius Recycling, Inc. has a fifty-two week low of $10.57 and a fifty-two week high of $29.59. The business has a 50-day simple moving average of $28.48 and a two-hundred day simple moving average of $19.86. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.97 and a current ratio of 2.02. The firm has a market cap of $829.14 million, a price-to-earnings ratio of -2.93 and a beta of 1.04.

Radius Recycling (NASDAQ:RDUS) last issued its earnings results on Friday, April 4th. The basic materials company reported ($0.99) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.09. Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The business had revenue of $642.51 million during the quarter, compared to analyst estimates of $635.94 million. On average, analysts expect that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Monday, April 21st were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling’s payout ratio is currently -7.52%.

Radius Recycling Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.