Robeco Institutional Asset Management B.V. Cuts Stock Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

Robeco Institutional Asset Management B.V. lowered its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 33.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,856 shares of the basic materials company’s stock after selling 93,228 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Steel Dynamics were worth $21,543,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Steel Dynamics in the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC bought a new position in shares of Steel Dynamics in the fourth quarter valued at approximately $28,000. Private Trust Co. NA increased its position in shares of Steel Dynamics by 532.6% during the third quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 245 shares during the last quarter. Brooklyn Investment Group bought a new stake in Steel Dynamics during the third quarter worth $61,000. Finally, Quest Partners LLC purchased a new position in Steel Dynamics in the third quarter worth $62,000. 82.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Steel Dynamics news, SVP Richard A. Poinsatte sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $138.75, for a total value of $277,500.00. Following the sale, the senior vice president now owns 21,101 shares of the company’s stock, valued at $2,927,763.75. This trade represents a 8.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Miguel Alvarez sold 6,650 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $143.00, for a total value of $950,950.00. Following the transaction, the senior vice president now directly owns 116,949 shares of the company’s stock, valued at $16,723,707. The trade was a 5.38 % decrease in their position. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on STLD shares. JPMorgan Chase & Co. lowered their target price on Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Citigroup dropped their target price on shares of Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. BNP Paribas raised shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. The Goldman Sachs Group initiated coverage on Steel Dynamics in a report on Monday, December 2nd. They set a “neutral” rating and a $155.00 price objective for the company. Finally, UBS Group restated a “neutral” rating and issued a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.38.

Steel Dynamics Stock Down 1.9 %

Shares of NASDAQ STLD opened at $128.20 on Friday. The business has a 50-day simple moving average of $125.73 and a two-hundred day simple moving average of $126.33. Steel Dynamics, Inc. has a 52 week low of $104.60 and a 52 week high of $155.56. The company has a market cap of $19.52 billion, a P/E ratio of 13.08 and a beta of 1.36. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.32%. During the same quarter in the previous year, the firm posted $2.61 EPS. Research analysts anticipate that Steel Dynamics, Inc. will post 8.9 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st were issued a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.44%. Steel Dynamics’s payout ratio is currently 18.78%.

About Steel Dynamics

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.