Ryerson Holding Co. (NYSE:RYI) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Ryerson Holding Co. (NYSE:RYI) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,000 shares of the basic materials company’s stock after selling 7,100 shares during the quarter. Swiss National Bank owned approximately 0.18% of Ryerson worth $2,115,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of Ryerson by 3.2% during the fourth quarter. Fisher Asset Management LLC now owns 126,648 shares of the basic materials company’s stock valued at $4,392,000 after buying an additional 3,931 shares during the last quarter. Van ECK Associates Corp boosted its position in Ryerson by 34.6% during the 4th quarter. Van ECK Associates Corp now owns 40,807 shares of the basic materials company’s stock worth $1,415,000 after acquiring an additional 10,479 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Ryerson by 2.1% in the fourth quarter. SummerHaven Investment Management LLC now owns 16,667 shares of the basic materials company’s stock worth $578,000 after purchasing an additional 336 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Ryerson by 15.6% during the fourth quarter. Truist Financial Corp now owns 10,597 shares of the basic materials company’s stock valued at $368,000 after purchasing an additional 1,433 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of Ryerson by 35.6% during the fourth quarter. New York State Common Retirement Fund now owns 70,299 shares of the basic materials company’s stock valued at $2,438,000 after purchasing an additional 18,466 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on RYI shares. BMO Capital Markets dropped their price target on shares of Ryerson from $33.00 to $28.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. StockNews.com downgraded Ryerson from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd.

Ryerson Price Performance

NYSE:RYI opened at $24.49 on Friday. Ryerson Holding Co. has a 52-week low of $21.52 and a 52-week high of $44.70. The company has a quick ratio of 0.94, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. The firm has a market cap of $840.99 million, a P/E ratio of 9.49 and a beta of 1.69. The business’s 50-day moving average price is $29.07 and its 200 day moving average price is $31.10.

Ryerson (NYSE:RYI) last released its earnings results on Tuesday, April 30th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.47). The business had revenue of $1.24 billion for the quarter. Ryerson had a net margin of 1.84% and a return on equity of 10.27%.

Ryerson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, June 6th. Ryerson’s payout ratio is 29.07%.

Insider Transactions at Ryerson

In related news, insider Alagu Sundarrajan sold 2,593 shares of Ryerson stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $32.52, for a total value of $84,324.36. Following the transaction, the insider now owns 10,484 shares of the company’s stock, valued at approximately $340,939.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ryerson news, insider Alagu Sundarrajan sold 2,593 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $32.52, for a total value of $84,324.36. Following the completion of the transaction, the insider now directly owns 10,484 shares in the company, valued at $340,939.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Michael Burbach purchased 4,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average price of $23.75 per share, for a total transaction of $95,000.00. Following the acquisition, the chief operating officer now directly owns 226,263 shares of the company’s stock, valued at $5,373,746.25. The disclosure for this purchase can be found here. 3.88% of the stock is owned by insiders.

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.