Atria Wealth Solutions Inc. Sells 1,000 Shares of Ryerson Holding Co. (NYSE:RYI)

Atria Wealth Solutions Inc. decreased its position in shares of Ryerson Holding Co. (NYSE:RYI) by 6.3% in the 4th quarter, Holdings Channel reports. The firm owned 15,000 shares of the basic materials company’s stock after selling 1,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Ryerson were worth $278,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Ryerson by 167.0% during the 3rd quarter. Barclays PLC now owns 55,330 shares of the basic materials company’s stock worth $1,101,000 after purchasing an additional 34,604 shares during the last quarter. State Street Corp raised its holdings in Ryerson by 3.2% during the 3rd quarter. State Street Corp now owns 1,411,397 shares of the basic materials company’s stock worth $28,101,000 after purchasing an additional 43,780 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ryerson by 31.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 847,514 shares of the basic materials company’s stock valued at $16,874,000 after acquiring an additional 203,314 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Ryerson by 31.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 36,676 shares of the basic materials company’s stock valued at $730,000 after acquiring an additional 8,688 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Ryerson in the 3rd quarter valued at $207,000. Institutional investors own 94.81% of the company’s stock.

Insider Activity at Ryerson

In related news, CFO James J. Claussen sold 6,017 shares of Ryerson stock in a transaction on Monday, February 24th. The shares were sold at an average price of $25.30, for a total value of $152,230.10. Following the completion of the sale, the chief financial officer now owns 58,773 shares of the company’s stock, valued at approximately $1,486,956.90. This trade represents a 9.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.88% of the stock is currently owned by insiders.

Ryerson Stock Performance

NYSE:RYI opened at $25.20 on Friday. The company has a fifty day moving average of $21.16 and a 200-day moving average of $21.38. The firm has a market capitalization of $802.65 million, a P/E ratio of -96.92 and a beta of 1.59. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. Ryerson Holding Co. has a twelve month low of $17.18 and a twelve month high of $34.65.

Ryerson (NYSE:RYI) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.34. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Ryerson had a negative net margin of 0.19% and a negative return on equity of 0.70%. As a group, sell-side analysts anticipate that Ryerson Holding Co. will post 1.2 EPS for the current year.

Ryerson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, March 6th. Ryerson’s payout ratio is currently -288.46%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lifted their price objective on shares of Ryerson from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Monday, February 24th.

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.