New York State Common Retirement Fund Buys 18,466 Shares of Ryerson Holding Co. (NYSE:RYI)

New York State Common Retirement Fund lifted its stake in Ryerson Holding Co. (NYSE:RYI) by 35.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,299 shares of the basic materials company’s stock after buying an additional 18,466 shares during the quarter. New York State Common Retirement Fund owned about 0.21% of Ryerson worth $2,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in RYI. DekaBank Deutsche Girozentrale purchased a new stake in Ryerson in the 3rd quarter worth approximately $27,000. New York State Teachers Retirement System increased its holdings in Ryerson by 46.5% in the 4th quarter. New York State Teachers Retirement System now owns 2,518 shares of the basic materials company’s stock worth $87,000 after acquiring an additional 799 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Ryerson by 7.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 6,882 shares of the basic materials company’s stock worth $200,000 after acquiring an additional 480 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Ryerson in the 3rd quarter worth approximately $219,000. Finally, Quadrature Capital Ltd purchased a new stake in Ryerson in the 3rd quarter worth approximately $234,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RYI has been the subject of several analyst reports. BMO Capital Markets reduced their target price on shares of Ryerson from $33.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. StockNews.com lowered shares of Ryerson from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

Insiders Place Their Bets

In other news, COO Michael Burbach bought 4,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 226,263 shares of the company’s stock, valued at $5,373,746.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Michael Burbach bought 4,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 226,263 shares of the company’s stock, valued at $5,373,746.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alagu Sundarrajan sold 7,407 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $32.77, for a total value of $242,727.39. Following the transaction, the insider now owns 13,077 shares of the company’s stock, valued at $428,533.29. The disclosure for this sale can be found here. 3.88% of the stock is currently owned by corporate insiders.

Ryerson Trading Down 1.7 %

RYI stock opened at $22.51 on Wednesday. Ryerson Holding Co. has a 1-year low of $22.28 and a 1-year high of $44.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 0.94. The company has a market capitalization of $772.99 million, a price-to-earnings ratio of 8.72 and a beta of 1.69. The business has a 50 day simple moving average of $31.16 and a two-hundred day simple moving average of $31.58.

Ryerson (NYSE:RYI) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.49. Ryerson had a return on equity of 10.27% and a net margin of 1.84%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted ($0.65) EPS.

Ryerson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.188 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.75 annualized dividend and a yield of 3.34%. Ryerson’s 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.