Reliance Steel & Aluminum Co (NYSE:RS) Price Declined While Epoch Investment Partners Inc Trimmed Position

May 17, 2018 - By Michele Cranor

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 improved due to RS positioning: 30 sold and 100 reduced. 42 funds amassed stakes and 97 increased stakes. Investors holded 59.07 million in 2017Q3 but now own 58.59 million shares or 0.81% less. Employees Retirement Systems Of Texas reported 94,000 shs or 0.1% of all its holdings. Profit Investment Management Ltd Llc owns 44,991 shs or 2.95% of their US capital. Pettee Invsts Inc holds 0.46% in Reliance Steel & Aluminum Co. (NYSE:RS) or 8,797 shs. Grantham Mayo Van Otterloo & Lc stated it has 47,140 shs or 0.02% of all its holdings. Dimensional Fund Advisors Lp holds 0.09% or 2.55 million shs in its capital. Public Employees Retirement Association Of Colorado holds 0.01% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS) for 13,324 shs. Moreover, Advisory Svcs Ntwk Ltd has 0% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 171 shs. Cornerstone Capital holds 2.72% or 186,610 shs in its capital. Smith Graham And Investment L P has 63,400 shs for 0.51% of their capital. Price T Rowe Associates Inc Md invested in 0.01% or 673,955 shs. Aperio Gru Limited Liability invested 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Dupont Mgmt holds 0.16% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS) for 79,800 shs. Laurion Cap Mngmt L P holds 23,831 shs or 0.01% of its capital. Texas-based Smith Asset Mgmt Grp Limited Partnership has invested 0% in Reliance Steel & Aluminum Co. (NYSE:RS). 124,100 are owned by Swiss Bankshares.

RS had 7 insider sales and 0 insider purchases since December 8, 2017. This’s net activity of $5.52 million. Sharkey Andrew G III sold $185,400 worth of stock or 2,000 shs. On Wednesday, February 21 HOFFMAN JAMES DONALD sold $461,500 worth of Reliance Steel & Aluminum Co. (NYSE:RS). Another trade for 8,990 shs valued at $853,061 was sold by MOLLINS GREGG J. HAYES DOUGLAS M also sold $561,480 worth of Reliance Steel & Aluminum Co. (NYSE:RS) on Monday, March 5. On Wednesday, February 28 6,000 shs were sold by GIMBEL THOMAS W, worth $553,860.

In 2018Q1 SEC form is reported Epoch Investment Partners Inc’s stake in Reliance Steel & Aluminum Co (NYSE:RS) which was reduced by 27.69%. The company’s stock Sank 2.39% while Epoch Investment Partners Inc sold 178,581 shares. The metal fabrications company announced $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. $6.77B is Reliance Steel & Aluminum Co’s MC. RS hit $93.65 during the last trading session after $1 change.Reliance Steel & Aluminum Co. is uptrending after having risen 8.18% since May 17, 2017. RS has 665,020 volume or 22.81% up from normal. RS underperformed the S&P 500 by 3.37%.

Epoch Investment Partners Inc manages about $43.62B and $28.22 billion US Long portfolio. Its stake in Enterprise Prods Partners L (NYSE:EPD) was increased by 833,995 shares to 7.86 million shares valued at $192.35 million in 2018Q1, according to the filing. Epoch Investment Partners Inc has risen its stake in Signature Bk New York N Y (NASDAQ:SBNY) and also increased its holding in Berry Global Group Inc (NYSE:BERY) by 363,664 shares in the quarter, for a total of 895,964 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

A total of 7 analysts rate Reliance Steel (NYSE:RS) as follows: 5 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 71% are bullish. (NYSE:RS) has 10 ratings reports on May 17, 2018 according to StockzIntelligence. On Wednesday, February 7 Longbow upgraded Reliance Steel & Aluminum Co. (NYSE:RS) to “Buy” rating. In Thursday, February 15 report KeyBanc Capital Markets maintained the stock with “Buy” rating. On Friday, February 16 the rating was maintained by Cowen & Co with “Buy”. On Thursday, January 4 the company was maintained by Cowen & Co. 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 Thursday, March 29 the rating was maintained by Deutsche Bank with “Buy”. On Wednesday, January 10 the firm has “Buy” rating by KeyBanc Capital Markets given. In Tuesday, January 9 report Jefferies maintained it with “Hold” rating and $90.0 target. In Tuesday, December 5 report KeyBanc Capital Markets maintained the stock 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.11.23 is the P/E ratio. 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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