Reliance Steel & Aluminum Co (NYSE:RS) Shares Purchased by Dean Capital Investments Management LLC

Share on StockTwits

Dean Capital Investments Management LLC boosted its position in Reliance Steel & Aluminum Co (NYSE:RS) by 34.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,564 shares of the industrial products company’s stock after acquiring an additional 1,172 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Reliance Steel & Aluminum were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. FMR LLC increased its holdings in Reliance Steel & Aluminum by 249.2% in the first quarter. FMR LLC now owns 227,173 shares of the industrial products company’s stock valued at $20,504,000 after buying an additional 162,118 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of Reliance Steel & Aluminum by 2,774.4% during the 2nd quarter. WINTON GROUP Ltd now owns 228,145 shares of the industrial products company’s stock valued at $21,587,000 after acquiring an additional 220,208 shares during the last quarter. Zions Bancorporation N.A. lifted its position in shares of Reliance Steel & Aluminum by 5.6% during the 2nd quarter. Zions Bancorporation N.A. now owns 2,450 shares of the industrial products company’s stock valued at $232,000 after acquiring an additional 130 shares during the last quarter. Boston Private Wealth LLC lifted its position in shares of Reliance Steel & Aluminum by 35.9% during the 2nd quarter. Boston Private Wealth LLC now owns 9,283 shares of the industrial products company’s stock valued at $878,000 after acquiring an additional 2,451 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Reliance Steel & Aluminum during the 2nd quarter valued at $548,000. Hedge funds and other institutional investors own 84.01% of the company’s stock.

Reliance Steel & Aluminum stock traded down $1.00 during midday trading on Wednesday, reaching $114.72. The stock had a trading volume of 12,354 shares, compared to its average volume of 470,236. Reliance Steel & Aluminum Co has a twelve month low of $68.62 and a twelve month high of $120.85. The stock has a market capitalization of $7.82 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.36 and a beta of 1.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.90 and a current ratio of 4.01. The stock’s 50-day simple moving average is $106.25 and its 200 day simple moving average is $96.71.

Reliance Steel & Aluminum (NYSE:RS) last issued its quarterly earnings data on Thursday, October 24th. The industrial products company reported $2.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.44. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.67 billion. Reliance Steel & Aluminum had a return on equity of 12.52% and a net margin of 5.48%. The business’s revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 earnings per share. Equities analysts predict that Reliance Steel & Aluminum Co will post 9.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, November 14th. Reliance Steel & Aluminum’s dividend payout ratio (DPR) is presently 24.61%.

Several analysts have issued reports on the stock. Cowen reissued an “outperform” rating and set a $123.00 target price (up from $107.00) on shares of Reliance Steel & Aluminum in a research note on Tuesday, October 29th. ValuEngine upgraded Reliance Steel & Aluminum from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Longbow Research upgraded Reliance Steel & Aluminum from an “underperform” rating to a “neutral” rating in a report on Friday, September 6th. Citigroup set a $104.00 price target on Reliance Steel & Aluminum and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Bank of America set a $115.00 price target on Reliance Steel & Aluminum and gave the stock a “hold” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Reliance Steel & Aluminum has an average rating of “Hold” and a consensus target price of $105.00.

About Reliance Steel & Aluminum

Reliance Steel & Aluminum Co operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and related processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, auto, and heavy industries.

Read More: Why does the United States have a lingering trade deficit?

Institutional Ownership by Quarter for Reliance Steel & Aluminum (NYSE:RS)

Receive News & Ratings for Reliance Steel & Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reliance Steel & Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.