Epoch Investment Partners Inc Lowered Its Position in Reliance Steel & Aluminum Co (NYSE:RS) by $15.18 Million

May 17, 2018 - By Richard Slagle

Reliance Steel & Aluminum Co. (NYSE:RS) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.07. That’s change of 0.11, from 2017Q3’s 0.96. 30 investors sold all, 100 reduced holdings as RS ratio improved. 97 increased stakes while 42 funds bought stakes. Funds hold 58.59 million shares thus 0.81% less from 2017Q3’s 59.07 million shares. Metropolitan Life Ins Communications holds 20,826 shs. 24,653 are held by Northpointe Limited Company. Hancock Holdings has invested 0.63% in Reliance Steel & Aluminum Co. (NYSE:RS). First Advsrs Limited Partnership holds 213,857 shs. Heartland Advsr holds 3,719 shs or 0.02% of its capital. Old Mutual Customised Solutions (Proprietary) has 0.02% invested in Reliance Steel & Aluminum Co. (NYSE:RS) for 1,900 shs. 112,620 are owned by Robeco Institutional Asset Mngmt Bv. Advisory Services Ltd Company reported 171 shs stake. Jpmorgan Chase Company stated it has 407,482 shs or 0.01% of all its holdings. Toronto Dominion Comml Bank reported 8 shs stake. Timber Hill Lc reported 0.01% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS). Qci Asset Ny stated it has 0% in Reliance Steel & Aluminum Co. (NYSE:RS). Mason Street Advsr Limited Liability has invested 0.07% in Reliance Steel & Aluminum Co. (NYSE:RS). Loomis Sayles & Limited Partnership has 147,259 shs. Fmr Lc stated it has 0.01% of its capital in Reliance Steel & Aluminum Co. (NYSE:RS).

RS registered $5.52 million net activity with 0 insider purchases and 7 selling transactions since December 8, 2017. 1,123 shs were sold by Smith William A II, worth $92,861. MOLLINS GREGG J had sold 30,332 shs worth $2.82 million. Shares for $461,500 were sold by HOFFMAN JAMES DONALD. On Wednesday, February 28 $553,860 worth of stock was sold by GIMBEL THOMAS W. HAYES DOUGLAS M sold 6,000 shs worth $561,480.

In Reliance Steel & Aluminum Co (NYSE:RS) was decreased the stake owned by Epoch Investment Partners Inc. The reduction is 27.69% according to 2018Q1 SEC form. 178,581 shares were sold by Epoch Investment Partners Inc as the company’s stock declined 2.39% with the market. The metal fabrications company announced $39.99M value for the 2018Q1. Now the institutional investor is holding 466,458 shares, compared to the 645,039 from the previous quarter. Reliance Steel & Aluminum Co has $6.77B market cap. RS is hitting $93.65 during the last trading session, after increased 1.08%.Reliance Steel & Aluminum Co. has 665,020 shares volume, 22.81% up from normal. RS is uptrending and has moved 8.18% since May 17, 2017. The stock underperformed the S&P 500 by 3.37%.

According to a filing Epoch Investment Partners Inc increased its stake in Cme Group Inc (NASDAQ:CME) by 528,198 shares to 1.55M shares, valued at $249.98M in 2018Q1. The fund operates about $43.62 billion and $28.22 billion US Long portfolio. For a total of 776,885 shares it increased its holding in Horizon Bancorp Ind (NASDAQ:HBNC) by 424,540 shares in the quarter, and has risen its stake in Signature Bk New York N Y (NASDAQ:SBNY).

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

In total 7 analysts cover Reliance Steel (NYSE:RS). “Buy” rating has 5, “Sell” are 0, while 2 are “Hold”. (NYSE:RS) has 71% bullish analysts. 10 are the (NYSE:RS)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Thursday, March 29 the stock of Reliance Steel & Aluminum Co. (NYSE:RS) has “Buy” rating given by Deutsche Bank. In Tuesday, January 9 report Jefferies maintained it with “Hold” rating and $90.0 target. On Tuesday, December 5 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Wednesday, January 10 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Thursday, January 4 the firm has “Buy” rating given by Cowen & Co. On Friday, February 16 Cowen & Co maintained Reliance Steel & Aluminum Co. (NYSE:RS) rating. Cowen & Co has “Buy” rating and $107.0 target. The company rating was upgraded by Longbow on Wednesday, February 7. The stock rating was maintained by Bank of America with “Buy” on Monday, January 8. In Thursday, February 15 report KeyBanc Capital Markets maintained the stock with “Buy” rating.

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