Russell Investments Group Ltd. Decreases Holdings in Reliance Steel & Aluminum Co. (RS)

Joanna Estrada
December 18, 2017

During the same quarter last year, the company posted $1.25 EPS. research analysts predict that Reliance Steel & Aluminum will post 5.21 earnings per share for the current fiscal year. Botty Investors Llc who had been investing in Intel Corp for a number of months, seems to be bullish on the $208.54B market cap company. Proshare Advisors Ltd Liability Company owns 9,672 shares. About 389,119 shares traded or 73.48% up from the average. TMX Group Limited (TSE:X) has 0.00% since December 16, 2016 and is. It has outperformed by 2.77% the S&P500.

Russell Investments Group Ltd. decreased its position in Reliance Steel & Aluminum Co. The institutional investor held 175,473 shares of the metal fabrications company at the end of 2017Q2, valued at $12.78M, up from 118,311 at the end of the previous reported quarter. It increased, as 36 investors sold Reliance Steel & Aluminum Co. shares while 95 reduced holdings. The stock had a trading volume of 754,963 shares, compared to its average volume of 407,733.

Shares of Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since December 17, 2016 and is uptrending. It has underperformed by 16.57% the S&P500.

Since December 8, 2017, it had 0 buys, and 1 sale for $92,861 activity.

Investors sentiment decreased to 0.96 in 2017 Q2. Its up 0.08, from 1.15 in 2017Q1.

A number of equities analysts have weighed in on RS shares. 123 funds opened positions while 686 raised stakes. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.79 and a current ratio of 4.06. (NYSE:RS). Profit Mngmt Ltd Limited Liability Company reported 2.67% in Reliance Steel & Aluminum Co. 15,818 are owned by Signature Financial Management Inc. CIBC Asset Management Inc bought a new position in shares of Reliance Steel & Aluminum during the 2nd quarter worth about $621,000. (NYSE:RS). International Gp invested 0.04% in Reliance Steel & Aluminum Co. (NYSE:RS) or 15,985 shares. PEAK6 Investments L.P.'s holdings in Reliance Steel & Aluminum were worth $1,903,000 at the end of the most recent reporting period. (NYSE:RS) for 10,785 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System owns 10,637 shares or 0.01% of their USA portfolio. Johnson Invest Counsel holds 0.03% in Reliance Steel & Aluminum Co. (NYSE:RS) for 62,810 shares. Amalgamated Savings Bank stated it has 0.03% in Reliance Steel & Aluminum Co. (NYSE:RS). Focused Wealth Mngmt Inc reported 900 shares or 0.02% of all its holdings. Utd Services Automobile Association stated it has 7,929 shares or 0% of all its holdings. Macquarie began coverage on shares of Reliance Steel & Aluminum in a research report on Wednesday, September 6th. Therefore 67% are positive. Reliance Steel & Aluminum had a return on equity of 8.61% and a net margin of 3.97%. The company was upgraded on Thursday, April 28 by Rosenblatt. Deutsche Bank maintained Reliance Steel & Aluminum Co. (NYSE:RS) on Monday, September 18 with "Buy" rating.

Ratings analysis reveals 50% of Reliance Steel's analysts are positive. (RS) traded down $1.54 during trading on Friday, reaching $82.44. On Tuesday, July 19 the stock rating was maintained by Citigroup with "Buy". The firm earned "Hold" rating on Wednesday, August 30 by Jefferies. (NYSE:PM) earned "Neutral" rating by Bank of America on Friday, October 20. (NYSE:RS) has "Overweight" rating given on Monday, January 9 by KeyBanc Capital Markets. 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 firm has "Buy" rating given on Tuesday, May 23 by Bank of America. Finally, KeyCorp reiterated a "buy" rating and issued a $84.00 price target on shares of Reliance Steel & Aluminum in a research note on Thursday, December 7th. (TSE:X), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 33% are positive. Intel Corporation had 199 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen reissued a "buy" rating and issued a $92.00 price objective on shares of Reliance Steel & Aluminum in a research note on Wednesday, October 4th. The company was maintained on Thursday, April 7 by Jefferies. The rating was maintained by Morgan Stanley on Wednesday, October 19 with "Underweight". The firm earned "Hold" rating on Wednesday, October 11 by KeyBanc Capital Markets. Cowen & Co has "Buy" rating and $13500 target. Deutsche Bank has "Hold" rating and $70 target. Its up 0.02, from 1.01 in 2017Q1. (NYSE:RS). Axa invested in 60,000 shares. 22 funds opened positions while 34 raised stakes. Huntington Bankshares invested in 4,746 shares. State Of Wisconsin Investment Board holds 0% or 14,113 shares. Hamlin Capital Ltd Com has 3.18% invested in Intel Corporation (NASDAQ:INTC). Investment House Ltd owns 228,973 shares. Rhumbline Advisers reported 133,944 shares. South Dakota Inv Council, South Dakota-based fund reported 180,216 shares. Washington-based Huntington Steele Limited Company has invested 0.12% in Intel Corporation (NASDAQ:INTC). Alliancebernstein Lp accumulated 264,514 shares. Utah Retirement Sys holds 12,972 shares. 103,978 were reported by Northpointe Ltd Com. Aqr Capital Mgmt Limited Liability has 0% invested in Entravision Communications Corporation (NYSE:EVC) for 486,121 shares. (NYSE:RS). Glenmede Na owns 28,365 shares.

Since July 31, 2017, it had 0 insider buys, and 10 selling transactions for $31.43 million activity. The insider FOEHR MATTHEW W sold 6,100 shares worth $777,824. The stock was sold at an average price of $82.69, for a total value of $92,860.87.

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