SG Americas Securities LLC grew its stake in shares of Reliance Steel & Aluminum Co (NYSE:RS) by 1,234.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,942 shares of the industrial products company’s stock after buying an additional 22,148 shares during the quarter. SG Americas Securities LLC’s holdings in Reliance Steel & Aluminum were worth $2,054,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. QS Investors LLC grew its stake in shares of Reliance Steel & Aluminum by 0.5% in the second quarter. QS Investors LLC now owns 3,710 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 17 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Reliance Steel & Aluminum by 9.1% in the second quarter. PNC Financial Services Group Inc. now owns 5,081 shares of the industrial products company’s stock worth $368,000 after purchasing an additional 424 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Reliance Steel & Aluminum by 11.0% in the second quarter. Coldstream Capital Management Inc. now owns 8,441 shares of the industrial products company’s stock worth $615,000 after purchasing an additional 839 shares during the last quarter. Grove Bank & Trust grew its stake in shares of Reliance Steel & Aluminum by 117.8% in the third quarter. Grove Bank & Trust now owns 1,590 shares of the industrial products company’s stock worth $121,000 after purchasing an additional 860 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Reliance Steel & Aluminum by 0.8% in the third quarter. Macquarie Group Ltd. now owns 111,910 shares of the industrial products company’s stock worth $8,525,000 after purchasing an additional 875 shares during the last quarter. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Reliance Steel & Aluminum Co (NYSE RS) opened at $82.35 on Tuesday. The company has a current ratio of 4.06, a quick ratio of 1.79 and a debt-to-equity ratio of 0.43. The company has a market cap of $6,199.99, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Reliance Steel & Aluminum Co has a 1 year low of $68.46 and a 1 year high of $92.64.

Several analysts recently weighed in on RS shares. Zacks Investment Research raised shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Monday, October 16th. Bank of America set a $97.00 price objective on shares of Reliance Steel & Aluminum and gave the stock a “buy” rating in a research note on Monday, January 8th. KeyCorp reissued a “buy” rating and issued a $84.00 price objective on shares of Reliance Steel & Aluminum in a research note on Thursday, December 7th. ValuEngine raised shares of Reliance Steel & Aluminum from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Clarkson Capital reissued a “buy” rating on shares of Reliance Steel & Aluminum in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $83.50.

In other Reliance Steel & Aluminum news, SVP William A. Smith II sold 1,123 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $82.69, for a total transaction of $92,860.87. Following the sale, the senior vice president now owns 15,320 shares of the company’s stock, valued at $1,266,810.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.18% of the company’s stock.

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Reliance Steel & Aluminum Company 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).

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

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