Bank of Montreal Can Acquires Shares of 267,782 Ryerson Holding Co. (NYSE:RYI)

Bank of Montreal Can bought a new position in shares of Ryerson Holding Co. (NYSE:RYI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 267,782 shares of the basic materials company’s stock, valued at approximately $5,372,000. Bank of Montreal Can owned about 0.81% of Ryerson as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RYI. XTX Topco Ltd bought a new stake in Ryerson during the 2nd quarter worth about $434,000. Denali Advisors LLC grew its position in shares of Ryerson by 34.3% during the 2nd quarter. Denali Advisors LLC now owns 213,807 shares of the basic materials company’s stock worth $4,169,000 after buying an additional 54,621 shares during the period. Renaissance Technologies LLC raised its stake in shares of Ryerson by 34.1% during the second quarter. Renaissance Technologies LLC now owns 278,600 shares of the basic materials company’s stock worth $5,433,000 after buying an additional 70,901 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Ryerson by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 75,339 shares of the basic materials company’s stock valued at $1,469,000 after buying an additional 2,529 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Ryerson by 14.2% in the second quarter. American Century Companies Inc. now owns 783,631 shares of the basic materials company’s stock valued at $15,281,000 after buying an additional 97,556 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ryerson Price Performance

RYI opened at $19.79 on Wednesday. The company has a fifty day moving average price of $19.88 and a two-hundred day moving average price of $23.55. The firm has a market capitalization of $657.03 million, a PE ratio of 7.67 and a beta of 1.56. Ryerson Holding Co. has a 52 week low of $17.57 and a 52 week high of $36.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.11 and a current ratio of 2.38.

Ryerson (NYSE:RYI) last announced its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.33 EPS for the quarter, topping 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 during the quarter. During the same period last year, the firm earned $1.06 earnings per share.

Ryerson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $0.188 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.80%. Ryerson’s dividend payout ratio is 29.07%.

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.