Northern Trust Corp Has $3.93 Million Holdings in Radius Recycling, Inc. (NASDAQ:RDUS)

Northern Trust Corp lessened its holdings in Radius Recycling, Inc. (NASDAQ:RDUS) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 258,224 shares of the basic materials company’s stock after selling 33,553 shares during the period. Northern Trust Corp owned about 0.92% of Radius Recycling worth $3,930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Icon Advisers Inc. Co. raised its holdings in shares of Radius Recycling by 115.9% in the 4th quarter. Icon Advisers Inc. Co. now owns 285,000 shares of the basic materials company’s stock worth $4,338,000 after acquiring an additional 153,000 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Radius Recycling in the 4th quarter worth about $4,199,000. JPMorgan Chase & Co. grew its position in Radius Recycling by 92.5% in the 4th quarter. JPMorgan Chase & Co. now owns 159,621 shares of the basic materials company’s stock worth $2,429,000 after purchasing an additional 76,702 shares in the last quarter. Empowered Funds LLC grew its position in Radius Recycling by 5.1% in the 4th quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company’s stock worth $2,030,000 after purchasing an additional 6,472 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in Radius Recycling in the 4th quarter worth about $1,964,000. Institutional investors and hedge funds own 78.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen assumed coverage on shares of Radius Recycling in a research report on Tuesday. They issued a “sell” rating for the company.

Radius Recycling Trading Up 0.1%

Shares of RDUS stock opened at $29.43 on Friday. Radius Recycling, Inc. has a 52-week low of $10.57 and a 52-week high of $29.59. 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 company has a 50-day simple moving average of $29.15 and a two-hundred day simple moving average of $20.22. The company has a market capitalization of $829.98 million, a price-to-earnings ratio of -2.94 and a beta of 1.04.

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

Radius Recycling Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, April 21st. Radius Recycling’s dividend payout ratio is currently -7.52%.

Radius Recycling Company 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.