The Manufacturers Life Insurance Company Has $305,000 Position in Ryerson Holding Co. (NYSE:RYI)

The Manufacturers Life Insurance Company boosted its stake in Ryerson Holding Co. (NYSE:RYI) by 8.0% in the second quarter, Holdings Channel reports. The institutional investor owned 15,626 shares of the basic materials company’s stock after acquiring an additional 1,157 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ryerson were worth $305,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Ryerson by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 2,380,803 shares of the basic materials company’s stock valued at $79,757,000 after buying an additional 81,515 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Ryerson by 0.8% during the first quarter. William Blair Investment Management LLC now owns 865,464 shares of the basic materials company’s stock valued at $28,993,000 after acquiring an additional 6,883 shares during the period. American Century Companies Inc. grew its position in shares of Ryerson by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock worth $15,281,000 after buying an additional 97,556 shares during the period. Acadian Asset Management LLC boosted its position in shares of Ryerson by 3.4% in the 1st quarter. Acadian Asset Management LLC now owns 675,102 shares of the basic materials company’s stock worth $22,610,000 after purchasing an additional 22,069 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Ryerson by 2.6% during the first quarter. Bridgeway Capital Management LLC now owns 509,845 shares of the basic materials company’s stock valued at $17,080,000 after purchasing an additional 12,775 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

Ryerson Stock Up 2.2 %

NYSE:RYI opened at $22.00 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. The stock has a market cap of $730.40 million, a price-to-earnings ratio of 12.15 and a beta of 1.56. The stock has a 50-day moving average price of $19.53 and a two-hundred day moving average price of $22.71. Ryerson Holding Co. has a 1 year low of $17.57 and a 1 year high of $36.20.

Ryerson (NYSE:RYI) last announced its earnings results on Tuesday, July 30th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. Ryerson had a return on equity of 7.27% and a net margin of 1.31%. The business had revenue of $1.23 billion for the quarter. During the same period in the prior year, the business posted $1.06 EPS.

Ryerson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.188 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.75 annualized dividend and a yield of 3.42%. Ryerson’s dividend payout ratio (DPR) is currently 41.44%.

About Ryerson

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.