Platinum Equity Advisors LLC DE Acquires New Position in Ryerson Holding $RYZ

Platinum Equity Advisors LLC DE bought a new position in Ryerson Holding (NYSE:RYZ) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,924,478 shares of the company’s stock, valued at approximately $96,581,404,000. Ryerson comprises approximately 1.1% of Platinum Equity Advisors LLC DE’s holdings, making the stock its 5th biggest holding. Platinum Equity Advisors LLC DE owned 7.56% of Ryerson as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in shares of Ryerson during the second quarter worth approximately $66,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Ryerson in the 2nd quarter valued at $148,000. State of Wyoming bought a new position in shares of Ryerson during the 2nd quarter valued at $185,000. NFJ Investment Group LLC purchased a new position in Ryerson in the 2nd quarter worth $219,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Ryerson in the 2nd quarter worth $298,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ryerson Stock Up 2.2%

Shares of RYZ stock opened at $25.12 on Thursday. The business has a fifty day moving average price of $27.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.21. The stock has a market capitalization of $1.30 billion, a PE ratio of -20.26 and a beta of 1.65. Ryerson Holding has a twelve month low of $19.34 and a twelve month high of $32.00.

Ryerson (NYSE:RYZ) last released its earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. The firm had revenue of $2.01 billion for the quarter. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. Equities research analysts expect that Ryerson Holding will post 1.1 earnings per share for the current fiscal year.

Ryerson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.0%. Ryerson’s dividend payout ratio (DPR) is currently -60.48%.

Insider Activity

In other news, CAO Molly D. Kannan sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $28.42, for a total value of $85,260.00. Following the sale, the chief accounting officer directly owned 25,636 shares of the company’s stock, valued at $728,575.12. The trade was a 10.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 4,500 shares of company stock worth $131,260 in the last ninety days. 6.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Ryerson from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of Ryerson in a research note on Thursday, June 18th. Finally, Wall Street Zen raised Ryerson from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Ryerson Profile

Ryerson (NYSE: RYZ) is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.