Reliance Steel & Aluminum Co (NYSE:RS) Stock Price Up as Sentiment Falls, now at 1.04

June 29, 2018 - By Heather Owens

Reliance Steel & Aluminum Co. (NYSE:RS) Corporate Logo

Positions for Reliance Steel & Aluminum Co (NYSE:RS)

In Q1 2018 Reliance Steel & Aluminum Co (NYSE:RS) big money sentiment decreased to 1.04, SEC.gov filings reveal. That’s down -0.03, from 2017Q4’s 1.07. 140 active investment managers increased or started new positions, while 134 cut down and sold their stakes in Reliance Steel & Aluminum Co so the sentiment fall. These funds own 57.31 million shares, that’s down from 58.59 million shares in 2017Q4. Funds holding Reliance Steel & Aluminum Co in top 10 was flat from 7 to 7 for the same number . 23 Investors Sold All; 111 Reduced Holdings; 91 increased stakes while 49 active investment managers bought stakes.

Most Reliance Steel & Aluminum Co Shareholders

3G Capital Partners Lp owns 910,593 shares in Reliance Steel & Aluminum Co as of Q1 2018. As of Q1 2018, 553,867 shares of Reliance Steel & Aluminum Co are owned by Poplar Forest Capital Llc. Dowling & Yahnke Llc reported 468,591 shares. The Maryland-based fund Profit Investment Management Llc have invested about 3.28% of the fund’s stock portfolio in Reliance Steel & Aluminum Co. The California-based fund Cornerstone Capital Inc. holds 192,658 shares or 2.72% of their US long equity exposure.

Reliance Steel & Aluminum Co. operates as a metals service center company.The firm is worth $6.38 billion. The firm provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.10.57 is the P/E ratio. The Company’s primary processing services comprise cutting, leveling, sawing, machining, and electro polishing.

RS touched $88.17 during the last trading session after $0.38 change.Reliance Steel & Aluminum Co. has volume of 172,352 shares. Since June 29, 2017 RS has risen 26.96% and is uptrending. The stock outperformed the S&P 500 by 14.39%.

Reliance Steel & Aluminum Co. (NYSE:RS)’s earnings report is anticipated on July, 26., RTT reports. Analysts predict $2.67 earnings per share, which is $1.27 up or 90.71 % from 2017’s $1.4 earnings per share. If RS’s EPS is $2.67 the profit will hit $193.14 million for 8.26 P/E. Wall Street forecasts 16.09 % EPS growth as of July, 26.

Cadence Mngmt Ltd Liability Corporation holds 7,780 shs. Axa holds 0% or 4,000 shs in its capital. 14,205 are held by State Of Wisconsin Investment Board. Advantus Capital has invested 0.02% in Reliance Steel & Aluminum Co. (NYSE:RS). Pnc Ser Gru Inc holds 0% or 9,412 shs in its capital. Amer Gru has invested 0.04% in Reliance Steel & Aluminum Co. (NYSE:RS). Proshare Ltd Co holds 0.01% or 12,013 shs in its capital. Utah Retirement Sys stated it has 13,172 shs. Boston Private Wealth has invested 0.03% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). James Inv Research owns 0.08% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 24,133 shs. Texas Permanent School Fund owns 48,214 shs for 0.06% of their capital. Fincl Bank Of Ny Mellon, New York-based fund reported 952,111 shs. Millennium Mgmt Limited Liability Company, New York-based fund reported 173,171 shs. 521,836 were reported by Fmr Limited Co. Hightower Advsrs Ltd Limited Liability Company accumulated 0.03% or 42,318 shs.

Reliance Steel & Aluminum Co. registered $8.21 million net activity with 0 buys and 10 sales since February 20, 2018. HOFFMAN JAMES DONALD had sold 5,000 shs worth $461,500 on Wednesday, February 21. Shares for $392,659 were sold by Shanley Michael Patrick. On Tuesday, March 6 the insider MOLLINS GREGG J sold $2.82M. On Monday, March 5 $561,480 worth of stock was sold by HAYES DOUGLAS M. $1.21 million worth of stock was sold by Koch Stephen Paul on Friday, May 18. KAMINSKI MARK V also sold $786,216 worth of Reliance Steel & Aluminum Co. (NYSE:RS) on Friday, May 18.

Reliance Steel & Aluminum Co. (NYSE:RS) Ratings Coverage

In total 7 analysts cover Reliance Steel (NYSE:RS). “Buy” rating has 5, “Sell” are 0, while 2 are “Hold”. (NYSE:RS) has 71% bullish analysts. 10 are the (NYSE:RS)’s ratings reports on 29 Jun 2018 according to StockzIntelligence Inc. On Friday, February 16 Cowen & Co maintained Reliance Steel & Aluminum Co. (NYSE:RS) rating. Cowen & Co has “Buy” rating and $107.0 target. On Wednesday, February 7 the firm has “Buy” rating by Longbow given. In Monday, January 8 report Bank of America maintained it with “Buy” rating and $97.0 target. On Thursday, February 15 KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) with “Buy” rating. On Tuesday, January 9 the firm earned “Hold” rating by Jefferies. On Thursday, January 4 Cowen & Co maintained Reliance Steel & Aluminum Co. (NYSE:RS) rating. Cowen & Co has “Buy” rating and $101.0 target. On Thursday, March 29 Deutsche Bank maintained the shares of RS in report with “Buy” rating. On Wednesday, January 10 KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) with “Buy” rating. In Thursday, June 14 report KeyBanc Capital Markets maintained the stock with “Overweight” rating.

A couple more Reliance Steel & Aluminum Co. (NYSE:RS) news were published by: Globenewswire.com which released on June 25, 2018 “Research Report Identifies Glu Mobile, Reliance Steel & Aluminum, FedEx, Jaguar Animal Health, Box, and VirnetX …”, also 247Wallst.com on June 12, 2018 published “If Tariffs Are So Bad Why Are Steel Stocks Still Red Hot?”, the next Benzinga.com is “KeyBanc Urges ‘Selective Bias’ On Carbon Steel Stocks” on June 14, 2018. Globenewswire.com has article titled “Reliance Steel & Aluminum Co. to Present at Deutsche Bank’s 9th Annual Global Industrials and Materials Summit”.

Reliance Steel & Aluminum Co. (NYSE:RS) Institutional Investors Chart

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