OLD National Bancorp IN grew its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 12.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,160 shares of the basic materials company’s stock after buying an additional 1,621 shares during the quarter. OLD National Bancorp IN’s holdings in Steel Dynamics were worth $654,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in STLD. Janus Henderson Group PLC acquired a new stake in shares of Steel Dynamics in the second quarter worth about $6,250,000. The Manufacturers Life Insurance Company lifted its position in shares of Steel Dynamics by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 356,951 shares of the basic materials company’s stock worth $12,784,000 after buying an additional 6,861 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Steel Dynamics by 13.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,371 shares of the basic materials company’s stock worth $622,000 after buying an additional 2,000 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Steel Dynamics in the second quarter worth about $217,000. Finally, Advisory Services Network LLC lifted its position in shares of Steel Dynamics by 2.3% in the second quarter. Advisory Services Network LLC now owns 4,414 shares of the basic materials company’s stock worth $158,000 after buying an additional 101 shares during the last quarter. 83.47% of the stock is owned by institutional investors.

Steel Dynamics, Inc. (NASDAQ STLD) opened at $44.86 on Wednesday. Steel Dynamics, Inc. has a 12-month low of $32.15 and a 12-month high of $48.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.29 and a current ratio of 4.04. The firm has a market capitalization of $10,596.49, a PE ratio of 16.88, a P/E/G ratio of 0.96 and a beta of 1.34.

A number of analysts have weighed in on STLD shares. Zacks Investment Research cut Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Morgan Stanley set a $36.00 price target on Steel Dynamics and gave the stock a “hold” rating in a research report on Tuesday, October 24th. KeyCorp raised Steel Dynamics from a “sector weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a research report on Friday, October 20th. Jefferies Group reissued a “buy” rating and set a $53.00 price objective on shares of Steel Dynamics in a research report on Thursday, January 11th. Finally, BidaskClub raised Steel Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Steel Dynamics presently has an average rating of “Buy” and a consensus target price of $46.64.

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Steel Dynamics Company Profile

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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