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

May 17, 2018 - By Gwen Gough

Reliance Steel & Aluminum Co. (NYSE:RS) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.07. That’s change of 0.11, from 2017Q3’s 0.96. 30 investors sold all, 100 reduced holdings as RS ratio improved. 97 grew positions while 42 funds acquired positions. Funds hold 58.59 million shares thus 0.81% less from 2017Q3’s 59.07 million shares. 3,348 were accumulated by Crow Point Ltd Llc. The Washington-based Coldstream Management Inc has invested 0.09% in Reliance Steel & Aluminum Co. (NYSE:RS). Profund Ltd owns 0.05% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 13,712 shs. Bluemountain Cap Mgmt Limited Co invested in 22,155 shs. 9,890 were reported by Peak6 Lp. Van Eck Corporation has 0.03% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 77,566 shs. New Mexico Educational Retirement Board invested 0.06% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). Wellington Grp Ltd Liability Partnership invested in 2.56 million shs or 0.05% of the stock. Franklin Incorporated has invested 0.05% in Reliance Steel & Aluminum Co. (NYSE:RS). Thrivent Financial For Lutherans reported 15,929 shs. South Dakota Invest Council reported 0.3% stake. Legal And General Group Public has invested 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Illinois-based Ubs Asset Mngmt Americas has invested 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Tci Wealth Advsr Inc holds 0.01% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS) for 136 shs. Ohio-based Stratos Wealth Limited has invested 0% in Reliance Steel & Aluminum Co. (NYSE:RS).

RS had 7 selling transactions 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) shs were sold by GIMBEL THOMAS W. Sharkey Andrew G III had sold 2,000 shs worth $185,400. On Wednesday, February 21 HOFFMAN JAMES DONALD also sold $461,500 worth of Reliance Steel & Aluminum Co. (NYSE:RS). 8,990 Reliance Steel & Aluminum Co. (NYSE:RS) shs with value of $853,061 were sold by MOLLINS GREGG J. 1,123 shs valued at $92,861 were sold by Smith William A II on Friday, December 8.

Based on the latest 2018Q1 regulatory filing with the SEC, Epoch Investment Partners Inc reduced its holdings in Reliance Steel & Aluminum Co (NYSE:RS) by 27.69%. The company’s stock Sank 2.39% while Epoch Investment Partners Inc sold 178,581 shares. The institutional investor is holding 466,458 shares, compared to the 645,039 from the previous quarter. And the announced value of the metal fabrications company is $39.99 million for the 2018Q1. $6.77B is the market cap of Reliance Steel & Aluminum Co. Ticker’s shares touched $93.65 during the last trading session after 1.08% change.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 by 3.37% the S&P 500.

A portfolio of $43.62B and $28.22B is managed by Epoch Investment Partners Inc. As it’s [published] in SEC filling the stake in Stamps Com Inc (NASDAQ:STMP) is rose by 154,992 shares to 164,869 shares. They are valued at $33.15M in 2018Q1. For a total of 1.52 million shares it increased its holding in Jacobs Engr Group Inc Del (NYSE:JEC) by 606,335 shares in the quarter, and has risen its stake in Enterprise Prods Partners L (NYSE:EPD).

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 Monday, January 8 the firm has “Buy” rating given by Bank of America. On Thursday, March 29 the rating was maintained by Deutsche Bank with “Buy”. In Tuesday, December 5 report KeyBanc Capital Markets maintained it with “Buy” rating and $84.0 target. On Tuesday, January 9 the company was maintained by Jefferies. On Friday, February 16 Cowen & Co maintained the shares of RS in report with “Buy” rating. On Thursday, January 4 the company was maintained by Cowen & Co. On Wednesday, February 7 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given by Longbow. The stock rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, February 15. On Wednesday, January 10 KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) with “Buy” rating.

Reliance Steel & Aluminum Co. operates as a metals service center company.The firm is valued at $6.77 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.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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