Ryerson Holding Co. (NYSE:RYI) Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Ryerson Holding Co. (NYSE:RYI) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,014 shares of the basic materials company’s stock after purchasing an additional 6,443 shares during the quarter. Janney Montgomery Scott LLC owned about 0.23% of Ryerson worth $2,613,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RYI. American Century Companies Inc. raised its stake in shares of Ryerson by 19.4% during the third quarter. American Century Companies Inc. now owns 450,532 shares of the basic materials company’s stock valued at $13,106,000 after purchasing an additional 73,136 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ryerson by 28.6% during the third quarter. Vanguard Group Inc. now owns 2,233,108 shares of the basic materials company’s stock worth $64,961,000 after acquiring an additional 496,913 shares during the period. Public Employees Retirement System of Ohio increased its stake in Ryerson by 44.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,649 shares of the basic materials company’s stock worth $1,095,000 after purchasing an additional 11,539 shares in the last quarter. Diversified Trust Co purchased a new position in Ryerson in the 4th quarter worth about $328,000. Finally, Denali Advisors LLC increased its stake in Ryerson by 43.9% in the 4th quarter. Denali Advisors LLC now owns 144,035 shares of the basic materials company’s stock worth $4,995,000 after purchasing an additional 43,919 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

Insider Activity

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

Ryerson Trading Up 1.3 %

NYSE:RYI opened at $21.13 on Friday. The stock has a market cap of $725.60 million, a PE ratio of 8.19 and a beta of 1.61. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 0.94. Ryerson Holding Co. has a fifty-two week low of $18.21 and a fifty-two week high of $43.87. The stock’s 50-day moving average is $21.58 and its two-hundred day moving average is $28.75.

Ryerson (NYSE:RYI) last announced its quarterly earnings results 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 firm 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 company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.188 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.75 annualized dividend and a dividend yield of 3.56%. Ryerson’s dividend payout ratio is 29.07%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. BMO Capital Markets dropped their price target on Ryerson from $33.00 to $28.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. StockNews.com cut Ryerson from a “buy” rating to a “hold” rating in a research note 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.