Ryerson Holding Corporation (NYSE:RYI) Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in Ryerson Holding Corporation (NYSE:RYI) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,639 shares of the basic materials company’s stock after selling 1,607 shares during the period. US Bancorp DE’s holdings in Ryerson were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RYI. Tower Research Capital LLC TRC grew its stake in shares of Ryerson by 488.2% in the fourth 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. Brevan Howard Capital Management LP acquired a new position in shares of Ryerson in the fourth quarter worth $196,000. SG Americas Securities LLC acquired a new position in shares of Ryerson in the first quarter worth $286,000. Price T Rowe Associates Inc. MD grew its stake in shares of Ryerson by 11.8% in the fourth 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 grew its stake in shares of Ryerson by 19.5% in the fourth 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. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Stock Performance

Shares of RYI stock opened at $21.96 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $21.92 and a 200 day moving average price of $22.32. The company has a market cap of $707.11 million, a P/E ratio of -48.80 and a beta of 1.56. Ryerson Holding Corporation has a 12 month low of $17.18 and a 12 month high of $27.41.

Ryerson (NYSE:RYI) last issued its earnings results on Tuesday, July 29th. The basic materials company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Ryerson had a negative return on equity of 1.72% and a negative net margin of 0.33%. Sell-side analysts predict that Ryerson Holding Corporation will post 1.2 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 4th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.4%. Ryerson’s payout ratio is presently -166.67%.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Ryerson from a “buy” rating to a “hold” rating in a research note on Friday, May 9th.

Ryerson 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.