Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 50.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,130 shares of the basic materials company’s stock after selling 66,835 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Steel Dynamics were worth $2,809,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Steel Dynamics by 21.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,980 shares of the basic materials company’s stock worth $1,293,000 after acquiring an additional 5,255 shares during the last quarter. Advisor Partners LLC bought a new position in Steel Dynamics during the 4th quarter worth approximately $218,000. SG Capital Management LLC bought a new position in Steel Dynamics during the 4th quarter worth approximately $36,928,000. Robeco Institutional Asset Management B.V. boosted its stake in Steel Dynamics by 9.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 96,024 shares of the basic materials company’s stock worth $4,143,000 after acquiring an additional 8,209 shares during the last quarter. Finally, First Personal Financial Services boosted its stake in Steel Dynamics by 756.1% during the 4th quarter. First Personal Financial Services now owns 6,566 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 5,799 shares during the last quarter. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Steel Dynamics, Inc. (NASDAQ:STLD) opened at $43.57 on Friday. The company has a quick ratio of 2.29, a current ratio of 4.04 and a debt-to-equity ratio of 0.74. Steel Dynamics, Inc. has a one year low of $32.15 and a one year high of $48.28. The firm has a market cap of $10,510.00, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34.

Several research analysts recently weighed in on STLD shares. Cowen set a $43.00 price objective on shares of Steel Dynamics and gave the stock a “buy” rating in a research note on Friday, October 20th. ValuEngine lowered shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, November 29th. Citigroup lifted their price target on shares of Steel Dynamics from $41.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Longbow Research raised shares of Steel Dynamics from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 20th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Steel Dynamics in a research note on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.64.

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About Steel Dynamics

Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.

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Institutional Ownership by Quarter for Steel Dynamics (NASDAQ:STLD)

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