Reliance Steel & Aluminum Co (NYSE:RS) Shareholder Epoch Investment Partners Inc Lowered Its Position as Price Declined by $15.18 Million

May 17, 2018 - By Jeanette Garcia

Reliance Steel & Aluminum Co. (NYSE:RS) Corporate LogoBig Money Sentiment increased to 1.07 in 2017 Q4. It has change of 0.11, from 2017Q3’s 0.96. The ratio is positive due to RS positioning: 30 sold and 100 reduced. 42 funds amassed positions and 97 increased positions. Investors holded 59.07 million in 2017Q3 but now own 58.59 million shares or 0.81% less. 10,300 are owned by Eqis Cap Mngmt. State Of Tennessee Treasury Department invested in 0.03% or 70,500 shs. International Inc holds 0.04% or 150,822 shs in its capital. Moreover, Dupont Cap Mgmt has 0.16% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 79,800 shs. Comerica Bank invested in 61,487 shs. 7,310 were accumulated by Alpha Windward Limited Liability Company. 168,682 are held by Employees Retirement Systems Of Ohio. Burney owns 0.02% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 5,152 shs. Ameriprise Financial reported 0.02% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). Mason Street Limited Liability Corporation reported 0.07% in Reliance Steel & Aluminum Co. (NYSE:RS). Lpl Ltd Co reported 0% in Reliance Steel & Aluminum Co. (NYSE:RS). Lsv Asset Mngmt owns 861,718 shs. Berkshire Asset Management Limited Liability Pa owns 3,090 shs for 0.03% of their capital. Globeflex L P reported 10,214 shs or 0.24% of all its holdings. Raymond James Assocs stated it has 0% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS).

RS had 7 sales and 0 insider buys since December 8, 2017. This’s net activity of $5.52 million. $553,860 worth of Reliance Steel & Aluminum Co. (NYSE:RS) was sold by GIMBEL THOMAS W on Wednesday, February 28. The insider MOLLINS GREGG J sold $853,061. The insider HAYES DOUGLAS M sold $561,480. $185,400 worth of Reliance Steel & Aluminum Co. (NYSE:RS) shs were sold by Sharkey Andrew G III. The insider HOFFMAN JAMES DONALD sold $461,500.

Based on the latest 2018Q1 regulatory filing with the SEC, Epoch Investment Partners Inc reduced its stake in Reliance Steel & Aluminum Co (NYSE:RS) by 27.69%. 178,581 shares were sold by Epoch Investment Partners Inc as the company’s stock declined 2.39% with the market. The metal fabrications company reported $39.99 million value for the 2018Q1. Now the institutional investor is holding 466,458 shares, compared to the 645,039 from the previous quarter. $6.77 billion is the market cap of Reliance Steel & Aluminum Co. The stock increased 1.08% or $1 during the last trading session, touching $93.65.Reliance Steel & Aluminum Co. has 665,020 shares volume, 22.81% up from normal. RS is uptrending and has moved 8.18% since May 17, 2017. RS underperformed the S&P500 by 3.37%.

Epoch Investment Partners Inc upped its stake in Wec Energy Group Inc () by 183,711 shares to 4.11M shares, valued at $257.51M in 2018Q1, according to the filing. It operates about $43.62B and $28.22B US Long portfolio. Epoch Investment Partners Inc has risen its stake in Anadarko Pete Corp (NYSE:APC) and also increased its holding in Jacobs Engr Group Inc Del (NYSE:JEC) by 606,335 shares in the quarter, for a total of 1.52 million shares.

Epoch Investment Partners Inc is a New York-based institutional investor with more than $43.62 billion AUM in January, 2015. Epoch Investment Partners Inc is the 100th largest institutional investor in our database. Taken from Epoch Investment Partners latest Adv, the fund reported to have 92 full and part-time employees. Among which 35 performing investment advisory and research functions. The institutional investor had more than 1800 clients.

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 May 17, 2018 according to StockzIntelligence Inc. On Wednesday, January 10 the firm earned “Buy” rating by KeyBanc Capital Markets. On Tuesday, December 5 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Tuesday, January 9 the firm has “Hold” rating given by Jefferies. On Friday, February 16 the firm has “Buy” rating by Cowen & Co given. The stock rating was maintained by Cowen & Co with “Buy” on Thursday, January 4. On Thursday, March 29 the stock has “Buy” rating by Deutsche Bank. On Wednesday, February 7 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given by Longbow. In Monday, January 8 report Bank of America maintained it with “Buy” rating and $97.0 target. The stock rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, February 15.

Reliance Steel & Aluminum Co. operates as a metals service center company.The company has $6.77 billion market cap. 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.The P/E ratio is 11.23. The Company’s primary processing services comprise cutting, leveling, sawing, machining, and electro polishing.

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

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