Northern Trust Corp Grows Stock Position in Ryerson Holding Co. (NYSE:RYI)

Northern Trust Corp grew its holdings in shares of Ryerson Holding Co. (NYSE:RYI) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300,632 shares of the basic materials company’s stock after purchasing an additional 10,853 shares during the quarter. Northern Trust Corp owned approximately 0.94% of Ryerson worth $5,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ryerson during the 4th quarter valued at about $54,000. Tower Research Capital LLC TRC increased its holdings in Ryerson by 488.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 3,061 shares in the last quarter. US Bancorp DE increased its holdings in Ryerson by 150.8% in the 4th quarter. US Bancorp DE now owns 11,246 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 6,762 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Ryerson by 11.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,455 shares of the basic materials company’s stock worth $305,000 after acquiring an additional 1,734 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Ryerson by 19.5% in the 4th quarter. Wells Fargo & Company MN now owns 16,821 shares of the basic materials company’s stock worth $311,000 after acquiring an additional 2,749 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Trading Up 1.5%

Ryerson stock opened at $22.01 on Wednesday. Ryerson Holding Co. has a 12-month low of $17.18 and a 12-month high of $27.41. The company has a current ratio of 2.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $708.63 million, a price-to-earnings ratio of -84.65 and a beta of 1.64. The firm has a 50 day moving average of $22.30 and a 200 day moving average of $22.42.

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

Ryerson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.75 annualized dividend and a yield of 3.41%. Ryerson’s payout ratio is -340.91%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RYI. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a report on Friday, May 9th. BMO Capital Markets increased their target price on shares of Ryerson from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Monday, February 24th.

Insiders Place Their Bets

In other news, CFO James J. Claussen sold 6,017 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $25.30, for a total transaction of $152,230.10. Following the completion of the transaction, the chief financial officer now directly owns 58,773 shares in the company, valued at approximately $1,486,956.90. This represents a 9.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief executive officer now owns 593,228 shares of the company’s stock, valued at $14,706,122.12. This represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.95% of the stock is currently owned by corporate insiders.

Ryerson Company Profile

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.