Radius Recycling, Inc. (NASDAQ:RDUS) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in Radius Recycling, Inc. (NASDAQ:RDUS) by 26.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 340,284 shares of the basic materials company’s stock after selling 119,558 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Radius Recycling were worth $5,179,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RDUS. Victory Capital Management Inc. grew its stake in shares of Radius Recycling by 7.0% during the third quarter. Victory Capital Management Inc. now owns 52,200 shares of the basic materials company’s stock valued at $968,000 after acquiring an additional 3,400 shares in the last quarter. Algert Global LLC purchased a new position in Radius Recycling in the third quarter valued at about $922,000. FMR LLC grew its stake in Radius Recycling by 23.7% during the 3rd quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock valued at $17,638,000 after purchasing an additional 182,435 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Radius Recycling by 87.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,502 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 5,815 shares in the last quarter. Finally, PDT Partners LLC boosted its stake in shares of Radius Recycling by 26.0% during the 3rd quarter. PDT Partners LLC now owns 57,610 shares of the basic materials company’s stock valued at $1,068,000 after buying an additional 11,885 shares during the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDUS has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of Radius Recycling in a research note on Monday, December 2nd. They issued a “neutral” rating and a $22.00 price target for the company. StockNews.com assumed coverage on shares of Radius Recycling in a research report on Tuesday. They set a “sell” rating on the stock.

Radius Recycling Price Performance

Shares of NASDAQ:RDUS opened at $29.01 on Wednesday. The firm’s 50 day moving average is $15.44 and its two-hundred day moving average is $16.61. The firm has a market capitalization of $816.78 million, a P/E ratio of -2.90 and a beta of 1.67. The company has a current ratio of 2.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.75. Radius Recycling, Inc. has a 52 week low of $10.57 and a 52 week high of $29.16.

Radius Recycling (NASDAQ:RDUS) last announced its earnings results on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). Radius Recycling had a negative net margin of 10.49% and a negative return on equity of 14.16%. The company had revenue of $656.54 million during the quarter, compared to the consensus estimate of $665.90 million. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.64) EPS. Analysts anticipate that Radius Recycling, Inc. will post -3.84 earnings per share for the current year.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.1875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.59%. Radius Recycling’s dividend payout ratio is currently -7.49%.

About Radius Recycling

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.