Sentiment Change Report: Reliance Steel & Aluminum Co (NYSE:RS) at 1.04

June 29, 2018 - By Ashley Bratcher

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

“Big money” Positions

“Big money sentiment for Reliance Steel & Aluminum Co (NYSE:RS) in Q1 2018 decreased to 1.04, according to SEC.gov filings. So its down -0.03, from 2017Q4’s 1.07. 140 funds opened new and increased equity positions, while 134 sold and reduced holdings 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 . In total 23 funds closed positions, 111 reduced and 91 increased. Also 49 funds bought new Reliance Steel & Aluminum Co stakes.

Largest Reliance Steel & Aluminum Co Investors

3G Capital Partners Lp owns 910,593 shares in Reliance Steel & Aluminum Co as of Q1 2018. Reliance Steel & Aluminum Co’s shareholder Poplar Forest Capital Llc owns 553,867 shares as of Q1 2018. Dowling & Yahnke Llc reported 468,591 shares. Profit Investment Management Llc revealed 44,991 shares position in Reliance Steel & Aluminum Co. The California-based fund Cornerstone Capital Inc. looks positive on Reliance Steel & Aluminum Co, owning 192,658 shares.

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.

The stock increased 0.43% or $0.38 during the last trading session, touching $88.17.Currently Reliance Steel & Aluminum Co. is uptrending after 26.96% change in last June 29, 2017. RS has 172,352 shares volume. RS outperformed the S&P 500 by 14.39%.

Reliance Steel & Aluminum Co. (NYSE:RS) is expected to report earnings on July, 26., according to Faxor. The EPS diference is $1.27 or 90.71 % up from last years number. Previous year: $1.4; Analysts forcast: $2.67. In case of $2.67 EPS RS’s profit could be $193.14 million. Last quarter $2.30 EPS was reported. Analysts sees 16.09 % EPS growth this quarter.

Stratos Wealth Ptnrs Limited reported 27 shs. Shell Asset Management accumulated 0.02% or 8,840 shs. Pnc Finance Svcs Group Inc holds 0% or 9,412 shs. 298,812 are held by Canada Pension Plan Invest Board. Cadence Cap Mngmt has invested 0.04% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). Earnest Partners Limited Liability Com reported 59 shs or 0% of all its holdings. Loomis Sayles Limited Partnership invested in 123,217 shs. Thrivent For Lutherans reported 0.09% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). Alliancebernstein Limited Partnership reported 42,353 shs or 0% of all its holdings. Lord Abbett Llc has 0.36% invested in Reliance Steel & Aluminum Co. (NYSE:RS). Btg Pactual Asset Ltd reported 1.61% stake. Kennedy Management holds 0.14% or 83,146 shs in its capital. Profit Investment Management Limited Company reported 44,991 shs stake. Globeflex Cap L P reported 15,342 shs. Wilbanks Smith & Thomas Asset Mngmt Limited Co holds 0.04% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS) for 5,606 shs.

Reliance Steel & Aluminum Co. had 10 insider sales and 0 insider purchases since February 20, 2018. This’s net activity of $8.21 million. HAYES DOUGLAS M had sold 6,000 shs worth $561,480 on Monday, March 5. On Wednesday, February 21 Sharkey Andrew G III sold $185,400 worth of Reliance Steel & Aluminum Co. (NYSE:RS) or 2,000 shs. On Friday, May 18 12,645 shs were sold by Koch Stephen Paul, worth $1.21M. On Tuesday, March 6 a trade for 30,332 shs valued at $2.82 million was made by MOLLINS GREGG J. On Wednesday, June 6 the insider Shanley Michael Patrick sold $392,659. HOFFMAN JAMES DONALD had sold 5,000 shs worth $461,500.

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. In Thursday, March 29 report Deutsche Bank maintained the stock with “Buy” rating. On Thursday, January 4 the rating was maintained by Cowen & Co with “Buy”. On Wednesday, February 7 the rating was upgraded by Longbow to “Buy”. On Monday, January 8 the stock has “Buy” rating by Bank of America. On Wednesday, January 10 the firm earned “Buy” rating by KeyBanc Capital Markets. On Tuesday, January 9 the rating was maintained by Jefferies with “Hold”. On Friday, February 16 the rating was maintained by Cowen & Co with “Buy”. On Thursday, February 15 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Thursday, June 14 the firm earned “Overweight” rating by KeyBanc Capital Markets.

A couple more Reliance Steel & Aluminum Co. (NYSE:RS) news were brought out by: 247Wallst.com which released on June 12, 2018 “If Tariffs Are So Bad Why Are Steel Stocks Still Red Hot?”, also Globenewswire.com on June 25, 2018 brought out “Research Report Identifies Glu Mobile, Reliance Steel & Aluminum, FedEx, Jaguar Animal Health, Box, and VirnetX …”, the next Globenewswire.com is “Reliance Steel & Aluminum Co. to Present at Deutsche Bank’s 9th Annual Global Industrials and Materials Summit” on June 01, 2018. Benzinga.com has article titled “KeyBanc Urges ‘Selective Bias’ On Carbon Steel Stocks”.

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

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