South Dakota Investment Council Has $5.85 Million Stock Position in Metallus Inc. $MTUS

South Dakota Investment Council cut its holdings in Metallus Inc. (NYSE:MTUS) by 14.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 353,837 shares of the company’s stock after selling 57,700 shares during the quarter. South Dakota Investment Council owned 0.85% of Metallus worth $5,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Metallus by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,859,873 shares of the company’s stock valued at $47,274,000 after acquiring an additional 59,392 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Metallus by 2.5% during the third quarter. American Century Companies Inc. now owns 1,539,129 shares of the company’s stock valued at $25,442,000 after purchasing an additional 37,552 shares during the period. Systematic Financial Management LP boosted its position in shares of Metallus by 7.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock worth $21,620,000 after purchasing an additional 94,455 shares in the last quarter. Ameriprise Financial Inc. increased its position in Metallus by 51.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock valued at $10,099,000 after buying an additional 221,828 shares in the last quarter. Finally, Donald Smith & CO. Inc. acquired a new position in Metallus during the 2nd quarter worth approximately $8,575,000. 77.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen cut Metallus from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Finally, Zacks Research lowered shares of Metallus from a “hold” rating to a “strong sell” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $24.00.

Insider Transactions at Metallus

In other Metallus news, COO Kristopher R. Westbrooks sold 2,128 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the sale, the chief operating officer owned 189,076 shares in the company, valued at approximately $4,023,537.28. This trade represents a 1.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 16,104 shares of company stock valued at $328,592. Corporate insiders own 3.60% of the company’s stock.

Metallus Trading Down 1.9%

NYSE MTUS opened at $17.38 on Wednesday. The business has a fifty day simple moving average of $19.29 and a 200 day simple moving average of $17.75. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $21.73. The firm has a market capitalization of $725.27 million, a P/E ratio of -579.14, a PEG ratio of 1.24 and a beta of 1.43.

Metallus (NYSE:MTUS) last posted its earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.23). The firm had revenue of $267.30 million during the quarter, compared to the consensus estimate of $290.83 million. Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%. As a group, sell-side analysts predict that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Metallus Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.