Reliance Steel & Aluminum Co. (RS) Has Multiple Top Trading At $93.81

May 16, 2018 - By Darrel Chase

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

During Q4 2017 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 Reliance Steel & Aluminum Co. ratio increased. 97 increased holdings while 42 funds took holdings. Funds hold 58.59 million shares thus 0.81% less from 2017Q3’s 59.07 million shares.
Ing Groep Nv accumulated 0.02% or 11,002 shs. Freestone Capital Ltd Com reported 16,441 shs stake. Brave Asset Management Inc holds 0.98% or 21,862 shs in its capital. Smith Asset Gp Lp owns 440 shs for 0% of their capital. Dowling Yahnke Limited Liability Company accumulated 480,296 shs or 3.72% of the stock. Earnest Prns Ltd Liability invested 0% in Reliance Steel & Aluminum Co. (NYSE:RS). Employees Retirement Sys Of Ohio invested in 168,682 shs or 0.07% of the stock. Bancshares Of Ny Mellon has 0.03% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 1.12M shs. Wells Fargo And Co Mn reported 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Ntv Asset Mgmt Ltd Limited Liability Company holds 0.07% or 2,750 shs in its capital. State Of Alaska Department Of Revenue, Alaska-based fund reported 4,200 shs. Advisors Asset Management Incorporated owns 13,728 shs. Bokf Na holds 32,021 shs. First Quadrant L P Ca stated it has 600 shs or 0% of all its holdings. Great West Life Assurance Company Can reported 47,412 shs.

Reliance Steel & Aluminum Co. registered $5.52 million net activity with 0 buys and 7 insider sales since December 8, 2017. On Tuesday, February 20 MOLLINS GREGG J also sold $853,061 worth of Reliance Steel & Aluminum Co. (NYSE:RS). On Wednesday, February 28 GIMBEL THOMAS W sold $553,860 worth of Reliance Steel & Aluminum Co. (NYSE:RS) or 6,000 shs. On Monday, March 5 a trade for 6,000 shs valued at $561,480 was made by HAYES DOUGLAS M. 5,000 shs were sold by HOFFMAN JAMES DONALD, worth $461,500. On Wednesday, February 21 the insider Sharkey Andrew G III sold $185,400.

Reliance Steel & Aluminum Co. (RS) formed a multiple top chart pattern with $99.44 price target. That’s 6.00 % above today’s $93.81 stock price. Finviz.com announced the multiple tops chart pattern on May, 16. $407.16 million more could be RS valuation at $99.44 stock price.

RS is reaching $93.81 during the last trading session, after increased 1.25%.Reliance Steel & Aluminum Co. has volume of 285,672 shares. Since May 16, 2017 RS has risen 8.18% and is uptrending. RS underperformed by 3.37% the S&P500.

Reliance Steel & Aluminum Co. (NYSE:RS)’s earnings report is awaited on July, 26., according to RTT. Analysts have anticipation on stock’s earnings per share of $2.67. That’s up 90.71 % from last year’s $1.4 earnings per share. The profit will be $193.14M for RS if $2.67 earnings per share becomes true. Last quarter $2.30 earnings per share was reported. Analysts predicts 16.09 % EPS growth this quarter.

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

A total of 7 analysts rate Reliance Steel (NYSE:RS) as follows: 5 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 71% are bullish. The firm has $107.0 highest and $84.0 lowest target. The avg target $98.67 is 5.18% above the last ($93.81) price. (NYSE:RS) has 10 ratings reports on May 16, 2018 according to StockzIntelligence. In Thursday, January 4 report Cowen & Co maintained the stock with “Buy” rating. On Thursday, March 29 the stock has “Buy” rating by Deutsche Bank. On Wednesday, January 10 the firm has “Buy” rating by KeyBanc Capital Markets given. On Wednesday, February 7 the firm has “Buy” rating given by Longbow. 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 Tuesday, December 5 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Tuesday, January 9 the company was maintained by Jefferies. On Friday, February 16 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) earned “Buy” rating by Cowen & Co. On Thursday, February 15 the firm has “Buy” rating by KeyBanc Capital Markets given.

There’s a substantial Reliance Steel & Aluminum Co. (NYSE:RS) news announced by Globenewswire.com. It’s an article titled: “Report: Exploring Fundamental Drivers Behind Reliance Steel & Aluminum, Goldman Sachs BDC, IBERIABANK …” on May 04, 2018.

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

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