Are Analysts Bearish Reliance Steel & Aluminum Co. (NYSE:RS) After Last Week?

July 14, 2018 - By Eugene Smith

Reliance Steel & Aluminum Co. (NYSE:RS) LogoInvestors sentiment decreased to 1.04 in Q1 2018. Its down 0.03, from 1.07 in 2017Q4. It dived, as 23 investors sold Reliance Steel & Aluminum Co. shares while 111 reduced holdings. 49 funds opened positions while 91 raised stakes. 57.31 million shares or 2.17% less from 58.59 million shares in 2017Q4 were reported.
Virginia Retirement Systems Et Al has invested 0.02% in Reliance Steel & Aluminum Co. (NYSE:RS). Raymond James And Associate has 37,278 shares. First Tru Ltd Partnership owns 0.05% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 230,916 shares. Two Sigma Ltd Liability Company invested in 0% or 2,423 shares. Federated Pa holds 0.03% or 132,484 shares in its portfolio. Cadence Cap Limited Com reported 0.04% stake. Proshare Advsr Ltd Company holds 0.01% or 12,013 shares. Utah Retirement Sys, Utah-based fund reported 13,172 shares. Citadel Limited Liability Company holds 36,731 shares. 15,342 were reported by Globeflex Cap Limited Partnership. M&T Natl Bank has invested 0% in Reliance Steel & Aluminum Co. (NYSE:RS). Convergence Inv Prns Ltd Liability accumulated 0% or 61 shares. Cwm Llc holds 51 shares. Glenmede Na has 0% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 377 shares. Barclays Public Limited Co, a United Kingdom-based fund reported 55,908 shares.

Since February 20, 2018, it had 0 buys, and 10 insider sales for $8.21 million activity. HOFFMAN JAMES DONALD had sold 5,000 shares worth $461,500 on Wednesday, February 21. $2.82 million worth of Reliance Steel & Aluminum Co. (NYSE:RS) was sold by MOLLINS GREGG J on Tuesday, March 6. Another trade for 12,645 shares valued at $1.21 million was sold by Koch Stephen Paul. 8,200 shares valued at $786,216 were sold by KAMINSKI MARK V on Friday, May 18. Sharkey Andrew G III also sold $185,400 worth of Reliance Steel & Aluminum Co. (NYSE:RS) shares. Another trade for 6,000 shares valued at $561,480 was made by HAYES DOUGLAS M on Monday, March 5.

Reliance Steel & Aluminum Co. (NYSE:RS) Ratings Coverage

Among 6 analysts covering Reliance Steel \u0026 Aluminum (NYSE:RS), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Reliance Steel \u0026 Aluminum had 7 analyst reports since February 7, 2018 according to SRatingsIntel. As per Thursday, June 14, the company rating was maintained by KeyBanc Capital Markets. Deutsche Bank maintained Reliance Steel & Aluminum Co. (NYSE:RS) on Thursday, March 29 with “Buy” rating. KeyBanc Capital Markets maintained the stock with “Buy” rating in Thursday, February 15 report. The firm has “Buy” rating given on Friday, February 16 by Cowen & Co. The rating was upgraded by Jefferies to “Buy” on Tuesday, July 10. Longbow upgraded Reliance Steel & Aluminum Co. (NYSE:RS) on Wednesday, February 7 to “Buy” rating. Below is a list of Reliance Steel & Aluminum Co. (NYSE:RS) latest ratings and price target changes.

10/07/2018 Broker: Jefferies Old Rating: Hold New Rating: Buy Old Target: $72 Upgrade
14/06/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $97 New Target: $100 Maintain
29/03/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $100 New Target: $98 Maintain
20/03/2018 Broker: Goldman Sachs Rating: Neutral New Target: $103 Initiates Coverage On
15/02/2018 Broker: KeyBanc Capital Markets Rating: Buy New Target: $97.0 Maintain
16/02/2018 Broker: Cowen & Co Rating: Buy New Target: $107.0 Maintain
07/02/2018 Broker: Longbow Old Rating: Neutral New Rating: Buy Upgrade

The stock increased 0.50% or $0.45 during the last trading session, reaching $89.99. About 326,585 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 26.96% since July 14, 2017 and is uptrending. It has outperformed by 14.39% the S&P500.

Reliance Steel & Aluminum Co. operates as a metals service center company. The company has market cap of $6.51 billion. 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. It has a 10.79 P/E ratio. The Company’s primary processing services comprise cutting, leveling, sawing, machining, and electro polishing.

More news for Reliance Steel & Aluminum Co. (NYSE:RS) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For July 10, 2018” on July 10, 2018. Globenewswire.com‘s article titled: “Research Report Identifies Glu Mobile, Reliance Steel & Aluminum, FedEx, Jaguar Animal Health, Box, and VirnetX …” and published on June 25, 2018 is yet another important article.

Reliance Steel & Aluminum Co. (NYSE:RS) Institutional Positions Chart

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