State Street Corp Purchases 43,780 Shares of Ryerson Holding Co. (NYSE:RYI)

State Street Corp increased its position in Ryerson Holding Co. (NYSE:RYI) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,411,397 shares of the basic materials company’s stock after buying an additional 43,780 shares during the quarter. State Street Corp’s holdings in Ryerson were worth $28,101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new stake in Ryerson in the 2nd quarter worth $39,000. Copeland Capital Management LLC purchased a new stake in shares of Ryerson during the third quarter worth about $56,000. SG Americas Securities LLC bought a new stake in shares of Ryerson in the third quarter worth about $108,000. Point72 DIFC Ltd grew its stake in shares of Ryerson by 16.7% in the second quarter. Point72 DIFC Ltd now owns 5,835 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 837 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ryerson by 41.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,685 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 2,259 shares during the period. 94.81% of the stock is currently owned by institutional investors.

Ryerson Trading Down 1.3 %

NYSE RYI opened at $19.54 on Friday. The stock has a market cap of $622.29 million, a P/E ratio of 32.03 and a beta of 1.54. Ryerson Holding Co. has a fifty-two week low of $17.57 and a fifty-two week high of $36.15. The stock has a 50 day simple moving average of $23.34 and a two-hundred day simple moving average of $21.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.06 and a current ratio of 2.22.

Ryerson (NYSE:RYI) last announced its quarterly earnings results on Tuesday, October 29th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.26). The business had revenue of $1.13 billion during the quarter. Ryerson had a return on equity of 2.66% and a net margin of 0.46%. During the same period last year, the firm earned $1.00 earnings per share.

Ryerson Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Thursday, December 5th. Ryerson’s payout ratio is 122.95%.

Insider Activity at Ryerson

In other news, EVP Mark S. Silver sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $24.56, for a total value of $221,040.00. Following the completion of the transaction, the executive vice president now owns 107,664 shares in the company, valued at $2,644,227.84. This trade represents a 7.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.88% of the stock is owned by corporate 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.