Reliance Steel & Aluminum Co (NYSE:RS) Shareholder Epoch Investment Partners Inc Trimmed Its Position by $15.18 Million as Price Declined

May 17, 2018 - By Brenda Gibbons

Reliance Steel & Aluminum Co. (NYSE:RS) Corporate LogoDuring 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 RS ratio increased. 97 increased stakes while 42 funds amassed stakes. Funds hold 58.59 million shares thus 0.81% less from 2017Q3’s 59.07 million shares. Rdl Inc holds 14,691 shs. Van Eck Assoc Corporation reported 77,566 shs. Old Mutual Customised Solutions (Proprietary) Ltd reported 1,900 shs. Fifth Third Fincl Bank holds 0% in Reliance Steel & Aluminum Co. (NYSE:RS) or 1,912 shs. Berkshire Asset Management Ltd Pa stated it has 0.03% in Reliance Steel & Aluminum Co. (NYSE:RS). Ngam Advsr L P holds 0.1% or 117,194 shs in its capital. Federated Inc Pa stated it has 0.03% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). State Of Alaska Department Of Revenue stated it has 0.01% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). Moreover, Ubs Asset Mngmt Americas has 0.01% invested in Reliance Steel & Aluminum Co. (NYSE:RS). Stifel Fincl stated it has 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Cornerstone Inc reported 186,610 shs. Pitcairn Comm stated it has 0.04% in Reliance Steel & Aluminum Co. (NYSE:RS). Pettee reported 0.46% stake. Swiss Savings Bank, Switzerland-based fund reported 124,100 shs. Alps Advisors holds 0% in Reliance Steel & Aluminum Co. (NYSE:RS) or 3,200 shs.

RS registered $5.52 million net activity with 0 insider buys and 7 selling transactions since December 8, 2017. On Wednesday, February 28 GIMBEL THOMAS W sold $553,860 worth of Reliance Steel & Aluminum Co. (NYSE:RS) or 6,000 shs. 1,123 shs were sold by Smith William A II, worth $92,861. MOLLINS GREGG J sold $2.82M worth of Reliance Steel & Aluminum Co. (NYSE:RS) on Tuesday, March 6. Sharkey Andrew G III had sold 2,000 shs worth $185,400 on Wednesday, February 21. $461,500 worth of Reliance Steel & Aluminum Co. (NYSE:RS) shs were sold by HOFFMAN JAMES DONALD.

The stake In Reliance Steel & Aluminum Co (NYSE:RS) owned by Epoch Investment Partners Inc was decreased. According to 2018Q1 SEC filling the decrease is 27.69%. The company’s stock declined 2.39% with the market as Epoch Investment Partners Inc sold 178,581 shares. At the end of 2018Q1, the institutional investor held 466,458 shares of the metal fabrications company, priced at $39.99 million, down from 645,039 at the end of the previous reported quarter. Reliance Steel & Aluminum Co has $6.77B MC. The stock increased 1.08% or $1 during the last trading session, reaching $93.65.Reliance Steel & Aluminum Co. has 665,020 shares volume, 22.81% up from normal. RS is uptrending and has moved 8.18% since May 17, 2017. The stock underperformed the S&P 500 by 3.37%.

The Epoch Investment Partners Inc’s stake in Wec Energy Group Inc () was rose by 183,711 shares to 4.11 million shares valued at $257.51 million in 2018Q1, according to the filing. It operates about $43.62B and $28.22B US Long portfolio. For a total of 4.37M shares it increased its holding in Bank Of The Ozarks (NASDAQ:OZRK) by 739,871 shares in the quarter, and has risen its stake in Universal Hlth Svcs Inc (NYSE:UHS).

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

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 December 5, 2017 according to StockzIntelligence Inc Reliance Steel has 10 analyst reports. On Friday, February 16 Cowen & Co maintained Reliance Steel & Aluminum Co. (NYSE:RS) rating. Cowen & Co has “Buy” rating and $107.0 target. On Thursday, February 15 KeyBanc Capital Markets maintained the shares of RS in report with “Buy” rating. The company rating was maintained by KeyBanc Capital Markets on Tuesday, December 5. The company rating was maintained by KeyBanc Capital Markets on Wednesday, January 10. The company rating was upgraded by Longbow on Wednesday, February 7. On Tuesday, January 9 the firm has “Hold” rating given by Jefferies. The stock rating was maintained by Cowen & Co with “Buy” on Thursday, January 4. On Thursday, March 29 Deutsche Bank maintained the shares of RS in report with “Buy” rating. On Monday, January 8 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) earned “Buy” rating by Bank of America.

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.The P/E ratio is 11.23. 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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