Epoch Investment Partners Inc Position in Reliance Steel & Aluminum Co (NYSE:RS) Trimmed by $15.18 Million as Price Declined

May 17, 2018 - By Shelly Brooks

Reliance Steel & Aluminum Co. (NYSE:RS) Corporate LogoBig Money Sentiment increased to 1.07 in 2017 Q4. It has change of 0.11, from 2017Q3’s 0.96. The ratio is positive due to RS positioning: 30 sold and 100 reduced. 42 funds bought holdings and 97 increased holdings. Investors holded 59.07 million in 2017Q3 but now own 58.59 million shares or 0.81% less. Ls Inv Advisors Limited Com, Michigan-based fund reported 4,529 shs. Swiss National Bank & Trust holds 0.01% or 124,100 shs in its capital. Comerica Retail Bank owns 61,487 shs. Geode Cap Ltd has invested 0.02% in Reliance Steel & Aluminum Co. (NYSE:RS). Parametric Assoc Ltd Liability Co stated it has 0.03% in Reliance Steel & Aluminum Co. (NYSE:RS). Teacher Retirement Sys Of Texas accumulated 0.01% or 24,937 shs. Argent Cap Mngmt Limited Liability reported 6,517 shs. Smithfield Co stated it has 105 shs. Boston Private Wealth Ltd Llc has invested 0.03% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). Assetmark Inc stated it has 12 shs or 0% of all its holdings. Barrow Hanley Mewhinney & Strauss Limited Liability Company accumulated 1,392 shs. Riverhead Cap Management Limited Liability Com stated it has 4,018 shs or 0.01% of all its holdings. Amalgamated Commercial Bank has invested 0.03% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). 673,955 are held by Price T Rowe Associates Inc Md. Oregon Employees Retirement Fund reported 0.03% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS).

RS had 7 selling transactions and 0 buys since December 8, 2017. This’s net activity of $5.52 million. $92,861 worth of Reliance Steel & Aluminum Co. (NYSE:RS) shs were sold by Smith William A II. GIMBEL THOMAS W sold $553,860 worth of Reliance Steel & Aluminum Co. (NYSE:RS) on Wednesday, February 28. HAYES DOUGLAS M sold $561,480 worth of Reliance Steel & Aluminum Co. (NYSE:RS) or 6,000 shs on Monday, March 5. Shares for $2.82M were sold by MOLLINS GREGG J. 2,000 shs valued at $185,400 were sold by Sharkey Andrew G III on Wednesday, February 21.

Epoch Investment Partners Inc’s holdings 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 Sank 2.39% while Epoch Investment Partners Inc sold 178,581 shares. The institutional investor is holding 466,458 shares, compared to the 645,039 from the previous quarter. And the reported value of the metal fabrications company is $39.99 million for the 2018Q1. $6.77 billion is Reliance Steel & Aluminum Co’s MC. RS is touching $93.65 during the last trading session, after increased 1.08%.Reliance Steel & Aluminum Co. is uptrending after having risen 8.18% since May 17, 2017. RS has 665,020 volume or 22.81% up from normal. RS underperformed by 3.37% the S&P500.

About $43.62B and $28.22 billion US Long portfolio Epoch Investment Partners Inc operates. It increased its stake in Costco Whsl Corp New (NASDAQ:COST) by 1.09M shares to 1.15 million shares, valued at $216.02M in 2018Q1, according to the filing. For a total of 6.39M shares it increased its holding in Centurylink Inc (NYSE:CTL) by 936,766 shares in the quarter, and has risen its stake in Metlife Inc (NYSE:MET).

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

A total of 7 analysts rate Reliance Steel (NYSE:RS) as follows: 5 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 71% are bullish. (NYSE:RS) has 10 ratings reports on May 17, 2018 according to StockzIntelligence. In Thursday, January 4 report Cowen & Co maintained it with “Buy” rating and $101.0 target. In Wednesday, February 7 report Longbow upgraded the stock to “Buy” rating. On Thursday, February 15 KeyBanc Capital Markets maintained the shares of RS in report with “Buy” rating. The stock rating was maintained by Cowen & Co with “Buy” on Friday, February 16. On Thursday, March 29 the stock has “Buy” rating by Deutsche Bank. On Monday, January 8 the firm has “Buy” rating given by Bank of America. On Tuesday, January 9 the firm earned “Hold” rating by Jefferies. The stock rating was maintained by KeyBanc Capital Markets with “Buy” on Tuesday, December 5. On Wednesday, January 10 KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) with “Buy” rating.

Reliance Steel & Aluminum Co. operates as a metals service center company.The firm is worth $6.77 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.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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