Sci-tech

(NYSE:RS) Stake Decreased by Retirement Systems of Alabama

06/26/2017 - Reliance Steel & Aluminum Co. had its "overweight" rating reiterated by analysts at KeyBanc.

03/14/2017 - Reliance Steel & Aluminum Co. was upgraded to "outperform" by analysts at Macquarie. Finally, Burney Co. increased its position in shares of Reliance Steel & Aluminum Co.by 6.2% in the first quarter.

Other analysts have also issued research reports about the company. Clarksons Platou upgraded Reliance Steel & Aluminum Co (NYSE:RS) on Tuesday, October 18 to "Buy" rating. It fall, as 39 investors sold Reliance Steel & Aluminum Co shares while 121 reduced holdings. (NYSE:RS) last issued its quarterly earnings data on Thursday, July 27th. In the last earnings report the EPS was $4.43 and is expected to be $5.17 for the current year with 72,903,000 shares outstanding.

Palo Capital Inc. raised its position in Reliance Steel & Aluminum Co. The business had revenue of $2.48 billion for the quarter. Paradigm Asset Ltd Limited Liability Company accumulated 1,001 shares. The company's revenue was up 12.3% on a year-over-year basis.

A number of research analysts have recently weighed in on the stock. The stock of Reliance Steel & Aluminum Co (NYSE:RS) has "Buy" rating given on Monday, December 5 by Deutsche Bank. On Monday, March 21 the stock rating was downgraded by Jefferies to "Hold". Alliancebernstein L.P. now holds 264,514 shares with a value of $19,259,000. BidaskClub raised shares of Reliance Steel & Aluminum Co. from a "strong sell" rating to a "sell" rating in a research report on Tuesday, June 13th. Lastly, Barclays reissued a hold recommendation and fixed a $59.00 target price on the stock of Reliance Steel & Aluminum in a study report on early Mon, May 1st. They noted that the move was a valuation call.

Among 9 analysts covering Reliance Steel (NYSE:RS), 6 have Buy rating, 0 Sell and 3 Hold. If you are reading this piece of content on another site, it was copied illegally and republished in violation of United States & global trademark & copyright law. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of global copyright and trademark laws. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/reliance-steel-aluminum-co-rs-shares-bought-by-palo-capital-inc-updated-updated-updated/1216805.html. (RS) traded down 1.30% on Friday, hitting $71.40. About shares traded. Deere & Company (NYSE:DE) has risen 46.99% since August 10, 2016 and is uptrending. The firm has a 50 day moving average price of $73.07 and a 200 day moving average price of $77.20. The firm has a market cap of $5.21 billion, a PE ratio of 16.10 and a beta of 1.23.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. The stock of Deere & Company (NYSE:DE) earned "Hold" rating by Zacks on Wednesday, August 19. The dividend payment will be $0.450 per share for the quarter or $1.80 annualized. Reliance Steel & Aluminum Co.'s dividend payout ratio (DPR) is presently 40.54%.

TRADEMARK VIOLATION WARNING: "Capstone Asset Management Co". LLC boosted its position in shares of Reliance Steel & Aluminum Co.by 220.0% in the second quarter. Its investment was valued at $21,805,000 a decrease of 4.6% as of quarter end.

Wall Street brokerages forecast that Reliance Steel & Aluminum Co. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,788 shares of the industrial products company's stock worth $203,000 after buying an additional 382 shares in the last quarter. Aberdeen Asset Management PLC UK now owns 10,240 shares of the industrial products company's stock worth $746,000 after buying an additional 4,964 shares during the last quarter. Wells Fargo & Company MN increased its position in Reliance Steel & Aluminum Co.by 20.4% in the second quarter. Vanguard Group Inc. now owns 5,934,721 shares of the industrial products company's stock valued at $474,896,000 after buying an additional 239,449 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Reliance Steel & Aluminum Co. during the first quarter worth $248,000. The institutional investor owned 8,686 shares of the industrial products company's stock after buying an additional 600 shares during the period. As of December 31, 2016, it provided metals processing services and distributes a range of more than 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products in a range of industries.



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