James Claussen Sells 4,972 Shares of Ryerson (NYSE:RYI) Stock

Ryerson Holding Corporation (NYSE:RYI) CFO James Claussen sold 4,972 shares of Ryerson stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $30.00, for a total transaction of $149,160.00. Following the transaction, the chief financial officer directly owned 74,284 shares of the company’s stock, valued at approximately $2,228,520. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ryerson Stock Performance

NYSE RYI opened at $29.68 on Friday. The stock has a market cap of $956.06 million, a PE ratio of -41.81 and a beta of 1.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.98. The firm has a 50-day moving average of $26.61 and a 200-day moving average of $23.74. Ryerson Holding Corporation has a 52-week low of $19.02 and a 52-week high of $30.90.

Analysts Set New Price Targets

RYI has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Ryerson in a research note on Monday, December 29th. Zacks Research upgraded Ryerson to a “hold” rating in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $25.00.

Institutional Investors Weigh In On Ryerson

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in Ryerson by 291.3% in the third quarter. SG Americas Securities LLC now owns 44,625 shares of the basic materials company’s stock valued at $1,020,000 after purchasing an additional 33,221 shares in the last quarter. Bailard Inc. bought a new position in Ryerson in the 3rd quarter valued at about $729,000. LSV Asset Management raised its position in shares of Ryerson by 11.7% in the 2nd quarter. LSV Asset Management now owns 135,170 shares of the basic materials company’s stock valued at $2,916,000 after buying an additional 14,200 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in shares of Ryerson by 20.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 139,180 shares of the basic materials company’s stock valued at $3,002,000 after buying an additional 23,230 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Ryerson by 34.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 364,006 shares of the basic materials company’s stock worth $7,852,000 after acquiring an additional 94,197 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Ryerson

Ryerson, Inc is a North American metals distributor and processor serving a broad range of industrial and manufacturing end markets. Headquartered in Chicago, Illinois, the company supplies carbon steels, stainless alloys, aluminum, brass and copper products to customers across the United States, Canada and Mexico. Through its extensive branch network, Ryerson provides just-in-time delivery and comprehensive inventory management solutions to support complex production schedules and tight lead-time requirements.

In addition to raw material distribution, Ryerson offers a suite of value-added processing services, including laser and plasma cutting, plate burning, sawing, shearing, forming, drilling and welding.