Segall Bryant & Hamill LLC Lowers Stake in Radius Recycling, Inc. (NASDAQ:RDUS)

Segall Bryant & Hamill LLC lessened its stake in Radius Recycling, Inc. (NASDAQ:RDUS) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 742,133 shares of the basic materials company’s stock after selling 97,752 shares during the period. Segall Bryant & Hamill LLC owned 2.64% of Radius Recycling worth $11,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Radius Recycling by 23.7% during the third quarter. FMR LLC now owns 951,337 shares of the basic materials company’s stock worth $17,638,000 after acquiring an additional 182,435 shares during the period. Geode Capital Management LLC increased its holdings in Radius Recycling by 6.0% during the 3rd quarter. Geode Capital Management LLC now owns 643,674 shares of the basic materials company’s stock worth $11,936,000 after purchasing an additional 36,618 shares during the period. Systematic Financial Management LP raised its position in Radius Recycling by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 630,962 shares of the basic materials company’s stock valued at $11,698,000 after purchasing an additional 49,450 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Radius Recycling in the 4th quarter worth $4,199,000. Finally, Empowered Funds LLC increased its stake in shares of Radius Recycling by 5.1% during the fourth quarter. Empowered Funds LLC now owns 133,356 shares of the basic materials company’s stock valued at $2,030,000 after buying an additional 6,472 shares during the period. Institutional investors own 78.11% of the company’s stock.

Radius Recycling Price Performance

Shares of RDUS stock opened at $29.01 on Wednesday. The company has a market cap of $816.78 million, a P/E ratio of -2.90 and a beta of 1.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.02 and a quick ratio of 0.97. The stock’s 50-day moving average is $15.44 and its 200 day moving average is $16.61. Radius Recycling, Inc. has a 1-year low of $10.57 and a 1-year high of $29.16.

Radius Recycling (NASDAQ:RDUS) last issued its quarterly earnings data on Tuesday, January 7th. The basic materials company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.67). Radius Recycling had a negative return on equity of 14.16% and a negative net margin of 10.49%. The firm had revenue of $656.54 million during the quarter, compared to analysts’ expectations of $665.90 million. During the same period in the previous year, the firm earned ($0.64) EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Research analysts predict that Radius Recycling, Inc. will post -3.84 earnings per share for the current fiscal year.

Radius Recycling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1875 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.75 annualized dividend and a dividend yield of 2.59%. Radius Recycling’s dividend payout ratio is presently -7.49%.

Analysts Set New Price Targets

A number of research firms recently weighed in on RDUS. StockNews.com began coverage on shares of Radius Recycling in a research note on Tuesday. They issued a “sell” rating for the company. The Goldman Sachs Group assumed coverage on shares of Radius Recycling in a research note on Monday, December 2nd. They set a “neutral” rating and a $22.00 price objective on the stock.

Radius Recycling Profile

Radius Recycling, Inc recycles ferrous and nonferrous metal, and manufactures finished steel products worldwide. The company acquires, processes, and recycles salvaged vehicles, rail cars, home appliances, industrial machinery, manufacturing scrap, and construction and demolition scrap. It offers recycled ferrous metal, a feedstock used in the production of finished steel products; and nonferrous products, including mixed metal joint products recovered from the shredding process, such as zorba, zurik, aluminum, copper, stainless steel, nickel, brass, titanium, lead, and high temperature alloys.