Strs Ohio Acquires 600 Shares of Ryerson Holding Co. (NYSE:RYI)

Strs Ohio grew its holdings in Ryerson Holding Co. (NYSE:RYI) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,700 shares of the basic materials company’s stock after acquiring an additional 600 shares during the period. Strs Ohio owned 0.06% of Ryerson worth $752,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its stake in shares of Ryerson by 46.5% in the fourth quarter. New York State Teachers Retirement System now owns 2,518 shares of the basic materials company’s stock worth $87,000 after buying an additional 799 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of Ryerson by 43.9% in the fourth quarter. Denali Advisors LLC now owns 144,035 shares of the basic materials company’s stock worth $4,995,000 after buying an additional 43,919 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Ryerson in the fourth quarter worth $328,000. Public Employees Retirement System of Ohio lifted its stake in shares of Ryerson by 44.2% in the third quarter. Public Employees Retirement System of Ohio now owns 37,649 shares of the basic materials company’s stock worth $1,095,000 after buying an additional 11,539 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Ryerson by 28.6% in the third quarter. Vanguard Group Inc. now owns 2,233,108 shares of the basic materials company’s stock worth $64,961,000 after buying an additional 496,913 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Ryerson Price Performance

NYSE:RYI opened at $31.07 on Friday. The stock has a market cap of $1.06 billion, a P/E ratio of 7.63 and a beta of 1.65. Ryerson Holding Co. has a one year low of $26.15 and a one year high of $44.70. The company has a fifty day moving average price of $32.41 and a 200 day moving average price of $31.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.18 and a quick ratio of 0.95.

Ryerson (NYSE:RYI) last released its earnings results on Wednesday, February 21st. The basic materials company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.24 by $0.49. Ryerson had a net margin of 2.85% and a return on equity of 16.33%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the company earned ($0.65) EPS.

Ryerson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were issued a $0.188 dividend. This is a positive change from Ryerson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.75 annualized dividend and a dividend yield of 2.42%. Ryerson’s dividend payout ratio is presently 18.43%.

Insider Transactions at Ryerson

In other Ryerson news, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $32.77, for a total transaction of $242,727.39. Following the sale, the insider now owns 13,077 shares of the company’s stock, valued at approximately $428,533.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.88% of the stock is owned by 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.