06/26/2017 - Reliance Steel & Aluminum Co. had its "overweight" rating reiterated by analysts at KeyBanc.
Nationwide Fund Advisors reports that it bought 13,981 shares last quarter increasing its stake in Reliance Steel & Aluminum Co. Zacks' sales averages are an average based on a survey of sell-side research firms that cover Reliance Steel & Aluminum Co.
Reliance Steel & Aluminum Co. had a return on equity of 8.67% and a net margin of 3.57%. (NYSE:RS) last posted its quarterly earnings data on Thursday, July 27th. The industrial products company reported $1.40 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.38 by $0.02. The Company's USA segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in stocks of Reliance Steel & Aluminum by 15.9% in the Fiscal Q2. Next quarter's EPS is forecasted at $1.02 and the next full year EPS is anticipated to be $5.95.
RS has been the subject of several analyst reports. Jpmorgan Chase & reported 0.01% in Reliance Steel & Aluminum Co (NYSE:RS). BidaskClub lowered Reliance Steel & Aluminum Co. from a "sell" rating to a "strong sell" rating in a research report on Wednesday, June 21st. They noted that the move was a valuation call.
Dimensional Fund Advisors Lp isn't the only one who has changed their investment in RS. Poplar Forest Capital LLC downsized its stake by shedding 22,338 shares a decrease of 3.3% as of 06/30/2017. Jefferies Group LLC restated a "hold" rating and set a $77.00 price target (down from $80.00) on shares of Reliance Steel & Aluminum Co.in a research report on Friday, April 28th. On Tuesday, November 29 the stock rating was downgraded by Macquarie Research to "Neutral".
Based on the latest notes released to investors, 2 analysts have issued a rating of "buy", 3 analysts "outperform", 3 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The stock has an average rating of "Buy" and an average target price of $82.86. BlackRock Inc. raised its stake in Reliance Steel & Aluminum Co.by 11,996.1% in the first quarter.
WARNING: This piece was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & global copyright and trademark laws. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2017/08/11/fmr-llc-purchases-new-position-in-reliance-steel-aluminum-co-nysers-updated.html. Global X Management Co. Meeder Asset Mgmt Incorporated has invested 0.21% of its portfolio in Reliance Steel & Aluminum Co (NYSE:RS). Zurcher Kantonalbank Zurich Cantonalbank has an ownership of 2,788 stocks of the industrial products firms shares valued at $203,000 after scooping up an extra 382 stocks in the previous period.
Shares of Reliance Steel & Aluminum Co. Renaissance Technologies LLC controls 372,112 shares with a value of $27,093,000.
As of the end of the quarter Lodge Hill Capital, LLC had sold 242,567 shares trimming its position 47.8%. Vanguard Group Inc. now owns 5,934,721 shares of the industrial products company's stock valued at $474,896,000 after buying an additional 239,449 shares during the last quarter. Comerica Bank raised its stake in Reliance Steel & Aluminum Co.by 4.3% in the first quarter. The institutional investor owned 190,654 shares of the industrial products company's stock after selling 101 shares during the period.
Reliance Steel & Aluminum Co (NYSE:RS) institutional sentiment decreased to 0.91 in 2016 Q4. (RS) opened at 71.40 on Friday. The stock declined 1.58% or $1.13 reaching $70.27 per share. Company's 50 Day SMA is $72.96 and its 200 SMA is $77.39. The stock's market capitalization is 5.21B.
The company is down since yesterday's close of $72.34. The company announced a dividend payable on Friday September 8th, 2017. The dividend payment will be $0.450 per share for the quarter or $1.80 annualized. The ex-dividend date is set for Wednesday the 24th of May 2017. Reliance Steel & Aluminum Co.'s dividend payout ratio is presently 40.54%. Barclays PLC restated a "hold" rating and set a $59.00 price target on shares of Reliance Steel & Aluminum Co.in a research report on Monday, May 1st. 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).