Epoch Investment Partners Inc. boosted its holdings in shares of Reliance Steel & Aluminum Co. (NYSE:RS) by 23.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,129 shares of the industrial products company’s stock after acquiring an additional 57,131 shares during the quarter. Epoch Investment Partners Inc. owned about 0.41% of Reliance Steel & Aluminum worth $22,633,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RS. QS Investors LLC boosted its position in shares of Reliance Steel & Aluminum by 0.5% during the second quarter. QS Investors LLC now owns 3,710 shares of the industrial products company’s stock worth $270,000 after buying an additional 17 shares during the period. M&T Bank Corp boosted its position in shares of Reliance Steel & Aluminum by 0.6% during the second quarter. M&T Bank Corp now owns 6,785 shares of the industrial products company’s stock worth $494,000 after buying an additional 42 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Reliance Steel & Aluminum by 1.2% during the second quarter. Teacher Retirement System of Texas now owns 5,842 shares of the industrial products company’s stock worth $425,000 after buying an additional 67 shares during the period. Synovus Financial Corp boosted its position in shares of Reliance Steel & Aluminum by 3.1% during the second quarter. Synovus Financial Corp now owns 3,546 shares of the industrial products company’s stock worth $259,000 after buying an additional 106 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in shares of Reliance Steel & Aluminum by 1.3% during the second quarter. State of Wisconsin Investment Board now owns 14,113 shares of the industrial products company’s stock worth $1,028,000 after buying an additional 180 shares during the period. 82.34% of the stock is owned by institutional investors.

Several research analysts have recently commented on RS shares. Zacks Investment Research lowered Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Cowen restated a “buy” rating and set a $92.00 price target on shares of Reliance Steel & Aluminum in a research report on Wednesday, October 4th. Jefferies Group reiterated a “hold” rating and issued a $72.00 target price on shares of Reliance Steel & Aluminum in a report on Friday, October 6th. Macquarie initiated coverage on Reliance Steel & Aluminum in a report on Wednesday, September 6th. They issued an “outperform” rating for the company. Finally, ValuEngine upgraded Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Reliance Steel & Aluminum currently has a consensus rating of “Buy” and an average target price of $79.83.

Reliance Steel & Aluminum Co. (RS) traded down $1.14 during trading hours on Wednesday, reaching $80.48. The company had a trading volume of 439,800 shares, compared to its average volume of 494,378. The stock has a market capitalization of $5,951.35, a price-to-earnings ratio of 16.13, a PEG ratio of 1.74 and a beta of 1.29. Reliance Steel & Aluminum Co. has a 52-week low of $68.46 and a 52-week high of $88.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.79 and a current ratio of 4.06.

Reliance Steel & Aluminum (NYSE:RS) last released its earnings results on Thursday, October 26th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.11. The firm had revenue of $2.45 billion during the quarter. Reliance Steel & Aluminum had a return on equity of 8.61% and a net margin of 3.97%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.25 earnings per share. equities analysts anticipate that Reliance Steel & Aluminum Co. will post 5.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a $0.45 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.24%. Reliance Steel & Aluminum’s dividend payout ratio (DPR) is presently 35.43%.

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Reliance Steel & Aluminum Profile

Reliance Steel & Aluminum Co is a metals service center company in North America (the United States and Canada). 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).

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

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