Acadian Asset Management LLC Has $22.61 Million Stake in Ryerson Holding Co. (NYSE:RYI)

Acadian Asset Management LLC boosted its stake in Ryerson Holding Co. (NYSE:RYI) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,102 shares of the basic materials company’s stock after buying an additional 22,069 shares during the quarter. Acadian Asset Management LLC owned approximately 1.97% of Ryerson worth $22,610,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted 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 in the last quarter. MMCAP International Inc. SPC boosted its stake in Ryerson by 2,316.4% in the 1st quarter. MMCAP International Inc. SPC now owns 193,313 shares of the basic materials company’s stock valued at $6,476,000 after buying an additional 185,313 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Ryerson by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 865,464 shares of the basic materials company’s stock valued at $28,993,000 after buying an additional 6,883 shares in the last quarter. Sei Investments Co. boosted its stake in Ryerson by 20.5% in the 1st quarter. Sei Investments Co. now owns 132,604 shares of the basic materials company’s stock valued at $4,442,000 after buying an additional 22,593 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Ryerson in the 1st quarter valued at $139,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Activity

In other news, COO Michael Burbach purchased 4,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average price of $23.75 per share, with a total value of $95,000.00. Following the completion of the purchase, the chief operating officer now directly owns 226,263 shares of the company’s stock, valued at approximately $5,373,746.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Michael Burbach bought 4,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $23.75 per share, with a total value of $95,000.00. Following the completion of the purchase, the chief operating officer now owns 226,263 shares of the company’s stock, valued at approximately $5,373,746.25. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Karen Marie Leggio bought 2,127 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $23.50 per share, for a total transaction of $49,984.50. Following the purchase, the director now directly owns 2,127 shares of the company’s stock, valued at approximately $49,984.50. The disclosure for this purchase can be found here. 3.88% of the stock is currently owned by insiders.

Ryerson Price Performance

RYI traded down $0.97 during trading on Monday, hitting $22.99. The company’s stock had a trading volume of 220,409 shares, compared to its average volume of 299,834. The firm’s 50 day moving average price is $21.65 and its two-hundred day moving average price is $28.26. The company has a quick ratio of 0.94, a current ratio of 2.09 and a debt-to-equity ratio of 0.55. Ryerson Holding Co. has a 12 month low of $18.21 and a 12 month high of $43.67. The stock has a market capitalization of $789.48 million, a price-to-earnings ratio of 8.76 and a beta of 1.61.

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

Ryerson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, June 6th. Ryerson’s dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analyst Weigh In

RYI has been the subject of several research analyst reports. BMO Capital Markets cut their price objective on Ryerson from $33.00 to $28.00 and set a “market perform” rating for the company 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 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.