Reliance Steel & Aluminum Co (NYSE:RS): Negative Stock Sentiment at 1.04

June 29, 2018 - By Nell Hawkins

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

“Big money” Positions

In Q1 2018 Reliance Steel & Aluminum Co (NYSE:RS) big money sentiment decreased to 1.04, SEC.gov filings reveal. So its down -0.03, from 2017Q4’s 1.07. 140 hedge funds started new and increased equity positions, while 134 cut down and sold equity positions in Reliance Steel & Aluminum Co so the sentiment fall. Funds own 57.31 million shares, 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 . In total 23 funds closed positions, 111 reduced and 91 increased. Also 49 funds bought new Reliance Steel & Aluminum Co stakes.

Significant Reliance Steel & Aluminum Co Investors

As of Q1 2018 3G Capital Partners Lp has 5.52% invested in Reliance Steel & Aluminum Co. As of Q1 2018, 553,867 shares of Reliance Steel & Aluminum Co are owned by Poplar Forest Capital Llc. Furthermore, Dowling & Yahnke Llc reported 468,591 shares in Reliance Steel & Aluminum Co equivalent to 3.76% of its long stock exposure. Profit Investment Management Llc revealed 44,991 shares position in Reliance Steel & Aluminum Co. The California-based fund Cornerstone Capital Inc. holds 192,658 shares or 2.72% of their long stock 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.The P/E ratio is 10.57. The Company’s primary processing services comprise cutting, leveling, sawing, machining, and electro polishing.

Ticker’s shares touched $88.17 during the last trading session after 0.43% 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%.

On July, 26 is awaited Reliance Steel & Aluminum Co. (NYSE:RS)’s earnings report, Zacks reports. Last year’s EPS was $1.4, while now analysts expect change of 90.71 % up from current $2.67 EPS. The profit will be $193.14M for RS if $2.67 EPS becomes true. Analysts at Wall Street see Reliance Steel & Aluminum Co.’s 16.09 % EPS growth compared to $2.30 EPS for last quarter.

Regions Fincl has 0% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 368 shs. Dimensional Fund Advsrs Lp accumulated 0.09% or 2.56M shs. State Of Wisconsin Inv Board holds 14,205 shs. Schroder Invest Management Gru accumulated 455,637 shs. Wilbanks Smith And Thomas Asset Ltd Co has invested 0.04% in Reliance Steel & Aluminum Co. (NYSE:RS). Creative Planning holds 0.01% or 24,714 shs in its capital. Hbk Invs Lp invested in 5,400 shs. The Illinois-based Oakbrook Invs Ltd Limited Liability Company has invested 0.04% in Reliance Steel & Aluminum Co. (NYSE:RS). Legal And General Public Limited invested in 113,020 shs. Qs Investors Limited Liability Company reported 2,408 shs or 0% of all its holdings. California State Teachers Retirement Systems holds 119,636 shs. Ameriprise owns 384,514 shs. Ajo L P invested in 0.01% or 15,494 shs. Glenmede Na invested 0% in Reliance Steel & Aluminum Co. (NYSE:RS). Paragon Capital Management Ltd accumulated 3,827 shs or 0.14% of the stock.

Reliance Steel & Aluminum Co. had 10 selling transactions and 0 insider purchases since February 20, 2018. This’s net activity of $8.21 million. Another trade for 2,000 shs valued at $185,400 was made by Sharkey Andrew G III on Wednesday, February 21. HAYES DOUGLAS M sold $561,480 worth of stock or 6,000 shs. MOLLINS GREGG J sold $853,061 worth of stock. $553,860 worth of Reliance Steel & Aluminum Co. (NYSE:RS) was sold by GIMBEL THOMAS W on Wednesday, February 28. On Wednesday, February 21 $461,500 worth of stock was sold by HOFFMAN JAMES DONALD. 4,069 shs were sold by Shanley Michael Patrick, worth $392,659.

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

Total analysts of 7 have positions in Reliance Steel (NYSE:RS) as follows: 5 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 71%. Since January 4, 2018 according to StockzIntelligence Inc Reliance Steel has 10 analyst reports. On Thursday, June 14 KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) rating. KeyBanc Capital Markets has “Overweight” rating and $100 target. On Thursday, March 29 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given by Deutsche Bank. On Wednesday, January 10 the firm has “Buy” rating by KeyBanc Capital Markets given. On Tuesday, January 9 the stock has “Hold” rating by Jefferies. On Wednesday, February 7 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) earned “Buy” rating by Longbow. On Thursday, January 4 the rating was maintained by Cowen & Co with “Buy”. On Monday, January 8 Bank of America maintained Reliance Steel & Aluminum Co. (NYSE:RS) rating. Bank of America has “Buy” rating and $97.0 target. On Friday, February 16 Cowen & Co maintained Reliance Steel & Aluminum Co. (NYSE:RS) with “Buy” rating. On Thursday, February 15 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given by KeyBanc Capital Markets.

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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