As Reliance Steel & Aluminum Co (NYSE:RS) Price Declined, Shareholder Epoch Investment Partners Inc Trimmed Its Position

May 17, 2018 - By Andrea Bass

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 improved. 97 rose holdings while 42 funds acquired holdings. Funds hold 58.59 million shares thus 0.81% less from 2017Q3’s 59.07 million shares. 814,324 are owned by Geode. Berkshire Asset Mgmt Ltd Limited Liability Company Pa, a Pennsylvania-based fund reported 3,090 shs. Mutual Of America Cap Mngmt Lc has 59,299 shs for 0.08% of their capital. Cwm Ltd invested in 180 shs. Grantham Mayo Van Otterloo And Company Lc owns 0.02% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 47,140 shs. Federated Pa owns 0.03% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 143,569 shs. Shell Asset Mgmt reported 8,840 shs. Jfs Wealth Advsrs Ltd Liability Com invested 0.01% in Reliance Steel & Aluminum Co. (NYSE:RS). Matarin Cap Management Lc owns 7,598 shs for 0.05% of their capital. Macquarie Gp Ltd holds 0.02% or 111,522 shs. Comerica Bankshares holds 61,487 shs or 0.04% of its capital. Centurylink Inv Management stated it has 0.52% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). Dimensional Fund Advisors Lp owns 2.55M shs for 0.09% of their capital. Kennedy Mngmt accumulated 0.14% or 88,611 shs. Pettee reported 8,797 shs stake.

RS registered $5.52 million net activity with 0 buys and 7 insider sales since December 8, 2017. $853,061 worth of stock was sold by MOLLINS GREGG J on Tuesday, February 20. On Friday, December 8 1,123 shs were sold by Smith William A II, worth $92,861. The insider Sharkey Andrew G III sold 2,000 shs worth $185,400. On Wednesday, February 28 GIMBEL THOMAS W also sold $553,860 worth of Reliance Steel & Aluminum Co. (NYSE:RS). On Monday, March 5 6,000 shs were sold by HAYES DOUGLAS M, worth $561,480.

Epoch Investment Partners Inc’s stake in Reliance Steel & Aluminum Co (NYSE:RS) is reduced by 27.69% based on its latest 2018Q1 regulatory filing with the SEC. 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. $6.77B is Reliance Steel & Aluminum Co’s market cap. The stock increased 1.08% or $1 during the last trading session, touching $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%.

Epoch Investment Partners Inc manages about $43.62 billion and $28.22 billion US Long portfolio. It increased its stake in Western Alliance Bancorp (NYSE:WAL) by 460,154 shares to 1.18 million shares, valued at $68.73 million in 2018Q1, according to the filing. Epoch Investment Partners Inc has risen its stake in Enterprise Prods Partners L (NYSE:EPD) and also increased its holding in Martin Marietta Matls Inc (NYSE:MLM) by 747,383 shares in the quarter, for a total of 1.50M shares.

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

In total 7 analysts cover Reliance Steel (NYSE:RS). “Buy” rating has 5, “Sell” are 0, while 2 are “Hold”. 71% are bullish. 10 are the (NYSE:RS)’s analyst reports since December 5, 2017 according to StockzIntelligence Inc. On Thursday, January 4 the firm has “Buy” rating given by Cowen & Co. The company rating was maintained by Deutsche Bank on Thursday, March 29. In Tuesday, January 9 report Jefferies maintained the stock with “Hold” rating. The company rating was maintained by KeyBanc Capital Markets on Wednesday, January 10. On Thursday, February 15 KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) rating. KeyBanc Capital Markets has “Buy” rating and $97.0 target. On Monday, January 8 Bank of America maintained the shares of RS in report with “Buy” rating. On Wednesday, February 7 Longbow upgraded Reliance Steel & Aluminum Co. (NYSE:RS) to “Buy” rating. On Friday, February 16 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given by Cowen & Co. On Tuesday, December 5 the company was maintained by KeyBanc Capital Markets.

Reliance Steel & Aluminum Co. operates as a metals service center company.The company has $6.77 billion market cap. 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.11.23 is the P/E ratio. 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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