Jane Street Group LLC Has $999,000 Holdings in Worthington Steel, Inc. (NYSE:WS)

Jane Street Group LLC lessened its holdings in shares of Worthington Steel, Inc. (NYSE:WS) by 54.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,411 shares of the company’s stock after selling 37,333 shares during the quarter. Jane Street Group LLC owned approximately 0.06% of Worthington Steel worth $999,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in Worthington Steel by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 69,920 shares of the company’s stock worth $2,225,000 after buying an additional 434 shares during the last quarter. Bank of Montreal Can increased its position in Worthington Steel by 6.0% during the fourth quarter. Bank of Montreal Can now owns 8,848 shares of the company’s stock worth $282,000 after buying an additional 497 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Worthington Steel by 2.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 29,073 shares of the company’s stock worth $925,000 after buying an additional 769 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Worthington Steel by 4.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,848 shares of the company’s stock valued at $568,000 after purchasing an additional 828 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in shares of Worthington Steel by 5.0% in the fourth quarter. Illinois Municipal Retirement Fund now owns 18,939 shares of the company’s stock valued at $603,000 after purchasing an additional 904 shares during the last quarter. Institutional investors and hedge funds own 45.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp decreased their target price on Worthington Steel from $41.00 to $34.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th.

Worthington Steel Trading Down 1.0%

Worthington Steel stock opened at $26.08 on Friday. Worthington Steel, Inc. has a 12 month low of $21.30 and a 12 month high of $47.19. The stock’s 50 day moving average is $25.51 and its 200-day moving average is $31.14. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.15 and a beta of 1.98.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, March 19th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.32). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The firm had revenue of $687.40 million during the quarter, compared to analyst estimates of $732.00 million. During the same period in the previous year, the company posted $0.99 EPS. Worthington Steel’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, equities research analysts predict that Worthington Steel, Inc. will post 2.26 earnings per share for the current fiscal year.

Worthington Steel Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, June 13th. Worthington Steel’s dividend payout ratio is currently 29.91%.

Worthington Steel Company Profile

Worthington Steel, Inc operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy.