Epoch Investment Partners Inc. Has $38.36 Million Holdings in Reliance Steel & Aluminum Co (RS)

Epoch Investment Partners Inc. grew its position in Reliance Steel & Aluminum Co (NYSE:RS) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 449,743 shares of the industrial products company’s stock after purchasing an additional 21,607 shares during the quarter. Epoch Investment Partners Inc. owned about 0.64% of Reliance Steel & Aluminum worth $38,358,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its holdings in shares of Reliance Steel & Aluminum by 107.9% during the second quarter. Moneta Group Investment Advisors LLC now owns 1,445 shares of the industrial products company’s stock valued at $126,000 after buying an additional 750 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Reliance Steel & Aluminum during the third quarter valued at $174,000. Itau Unibanco Holding S.A. grew its holdings in shares of Reliance Steel & Aluminum by 130.1% during the second quarter. Itau Unibanco Holding S.A. now owns 2,391 shares of the industrial products company’s stock valued at $209,000 after buying an additional 1,352 shares during the last quarter. Balasa Dinverno & Foltz LLC purchased a new stake in shares of Reliance Steel & Aluminum during the third quarter valued at $209,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Reliance Steel & Aluminum during the third quarter valued at $231,000. 83.18% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director David H. Hannah sold 28,080 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $80.00, for a total value of $2,246,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William A. Smith II sold 5,582 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $78.98, for a total transaction of $440,866.36. The disclosure for this sale can be found here. 3.24% of the stock is currently owned by corporate insiders.

RS opened at $78.02 on Friday. Reliance Steel & Aluminum Co has a twelve month low of $74.65 and a twelve month high of $97.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.40 and a quick ratio of 1.92. The stock has a market cap of $5.50 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.90 and a beta of 1.16.

Reliance Steel & Aluminum (NYSE:RS) last released its quarterly earnings results on Thursday, October 25th. The industrial products company reported $2.42 earnings per share for the quarter, missing the consensus estimate of $2.69 by ($0.27). Reliance Steel & Aluminum had a return on equity of 13.58% and a net margin of 7.66%. The company had revenue of $2.97 billion for the quarter. On average, sell-side analysts expect that Reliance Steel & Aluminum Co will post 9.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 15th. This represents a $2.00 annualized dividend and a yield of 2.56%. Reliance Steel & Aluminum’s dividend payout ratio is presently 36.76%.

Several equities research analysts have commented on RS shares. KeyCorp lowered their price target on shares of Reliance Steel & Aluminum from $100.00 to $97.00 and set a “buy” rating on the stock in a report on Monday, September 10th. Macquarie set a $96.00 price target on shares of Reliance Steel & Aluminum and gave the company a “buy” rating in a report on Friday, October 26th. Citigroup lowered shares of Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Deutsche Bank lowered shares of Reliance Steel & Aluminum from a “buy” rating to a “hold” rating and lowered their price target for the company from $100.00 to $90.00 in a report on Tuesday, October 2nd. Finally, Zacks Investment Research raised shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Wednesday, September 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Reliance Steel & Aluminum currently has a consensus rating of “Hold” and an average price target of $94.60.

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Reliance Steel & Aluminum Company Profile

Reliance Steel & Aluminum Co operates as a metals service center company in the United States and internationally. The company provides steel, aluminum, stainless, and specialty metals and related processing services to customers in various industries, such as infrastructure and energy; fabricates steel and aluminum products; and provides various precision fabrication services, including laser cutting, shearing, computer numerated control (CNC) punching, and CNC forming and rolling, as well as welding, assembly, painting, inventory management, and engineering expertise.

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

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