Ryerson Holding Co. (NYSE:RYI) CEO Edward J. Lehner Sells 10,000 Shares of Stock

Ryerson Holding Co. (NYSE:RYI) CEO Edward J. Lehner sold 10,000 shares of Ryerson stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $24.79, for a total value of $247,900.00. Following the transaction, the chief executive officer now directly owns 593,228 shares in the company, valued at approximately $14,706,122.12. The trade was a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ryerson Stock Down 1.3 %

RYI stock opened at $24.37 on Friday. Ryerson Holding Co. has a twelve month low of $17.18 and a twelve month high of $34.65. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The stock has a market cap of $776.05 million, a P/E ratio of -93.71 and a beta of 1.59. The business’s 50-day moving average price is $21.60 and its 200-day moving average price is $21.54.

Ryerson (NYSE:RYI) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.34. Ryerson had a negative return on equity of 0.70% and a negative net margin of 0.19%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. On average, equities research analysts forecast that Ryerson Holding Co. will post 1.2 EPS for the current year.

Ryerson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.1875 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.75 dividend on an annualized basis and a yield of 3.08%. Ryerson’s dividend payout ratio is presently -288.46%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its holdings in Ryerson by 20.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 52,557 shares of the basic materials company’s stock worth $973,000 after purchasing an additional 9,040 shares in the last quarter. Towle & Co. lifted its holdings in Ryerson by 3.3% in the 4th quarter. Towle & Co. now owns 554,868 shares of the basic materials company’s stock worth $10,271,000 after purchasing an additional 17,925 shares in the last quarter. Millennium Management LLC lifted its holdings in Ryerson by 48.3% in the 4th quarter. Millennium Management LLC now owns 57,600 shares of the basic materials company’s stock worth $1,066,000 after purchasing an additional 18,748 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ryerson by 7.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 704,448 shares of the basic materials company’s stock worth $13,039,000 after purchasing an additional 49,905 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Ryerson by 12.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 542,433 shares of the basic materials company’s stock worth $10,040,000 after purchasing an additional 62,092 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lifted their price objective on Ryerson from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Monday, February 24th.

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.