The institutional investor owned 190,654 shares of the industrial products company's stock after selling 101 shares during the period. BB&T Securities LLC increased its stake in Reliance Steel & Aluminum Co.by 25.5% in the second quarter. Principal Financial Group Inc. increased its stake in Reliance Steel & Aluminum Co.by 8.9% in the first quarter. OppenheimerFunds Inc. now owns 30,007 shares of the industrial products company's stock valued at $2,401,000 after buying an additional 4,677 shares during the period. State Board Of Administration Of Florida Retirement Systems has 0.02% invested in Reliance Steel & Aluminum Co (NYSE:RS). Reliance Steel & Aluminum Co (NYSE:RS) has risen 0.13% since August 9, 2016 and is uptrending. Profit Investment Management Llc, a Maryland-based fund reported 33,586 shares.#img1#. Alliancebernstein L.P. owns 264,514 shares valued at $19,259,000. Janney Montgomery Scott LLC now owns 3,856 shares of the industrial products company's stock valued at $309,000 after buying an additional 415 shares during the period.
A number of hedge funds have recently added to or reduced their stakes in the company.
WARNING: "Fmr LLC Purchases Shares of 47,100 Reliance Steel & Aluminum Co". Municipal Employees Retirement System of MI now owns 33,630 shares of the industrial products company's stock valued at $2,691,000 after buying an additional 650 shares during the period.
Reliance Steel & Aluminum Co (NYSE:RS) institutional sentiment decreased to 0.91 in 2016 Q4.
The company now has a P/E ratio of 15.84 and the market cap of the company is 5.12B.
Shares last traded at $71.40 which is slightly below $73.07, the 50 day moving average and significantly below the 200 day moving average of $77.20.
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Reliance Steel & Aluminum Co. had its "outperform" rating reiterated by analysts at Cowen. (NYSE:RS) last released its quarterly earnings data on Thursday, July 27th. In the last earnings report the EPS was $4.43 and is expected to be $5.17 for the current year with 72,903,000 shares outstanding. The Company's US segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses. During the same period in the previous year, the company earned $1.36 earnings per share.
According to Zacks, analysts expect that Reliance Steel & Aluminum Co. will report full year sales of $2.41 billion for the current fiscal year, with estimates ranging from $9.55 billion to $9.69 billion.
The company is trading down since yesterday's close of $72.34. The company declared a dividend for shareholders that will be paid on Friday the 8th of September 2017. The ex-dividend date is Wednesday the 24th of May 2017. The dividend payment will be $0.450 per share for the quarter which is $1.80 annualized. Reliance Steel & Aluminum Co.'s dividend payout ratio is now 40.54%. Finally, Two Sigma Securities LLC purchased a new position in shares of Reliance Steel & Aluminum Co. during the first quarter worth about $248,000. "(RS)" was published by Week Herald and is the property of of Week Herald. If you are accessing this report on another publication, it was illegally copied and reposted in violation of USA & worldwide copyright & trademark laws. Grantham Mayo Van Otterloo Co Ltd holds 0.02% of its portfolio in Reliance Steel & Aluminum Co (NYSE:RS) for 39,600 shares.
Several equities research analysts have recently issued reports on RS shares. Finally, KeyCorp reissued an "overweight" rating and issued a $81.00 price objective (down from $85.00) on shares of Reliance Steel & Aluminum Co.in a research note on Monday, June 26th. Bank of America Corporation upgraded shares of Reliance Steel & Aluminum Co. from a "neutral" rating to a "buy" rating and set a $88.00 price target for the company in a research report on Tuesday, May 23rd. On Tuesday, October 18 the stock rating was upgraded by Clarksons Platou to "Buy". They now have a United States dollars 92 price target on the stock.
Among 27 analysts covering Deere & Company (NYSE:DE), 10 have Buy rating, 4 Sell and 13 Hold. The stock has an average rating of "Buy" and an average target price of $82.86. Wilbanks Smith And Thomas Asset Ltd Liability Company invested 0.04% of its portfolio in Reliance Steel & Aluminum Co (NYSE:RS). As of December 31, 2016, the Company's network of metals service centers operated over 300 locations in 39 states in the United States and in 12 other countries (Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom).