Oregon Public Employees Retirement Fund Has $3.35 Million Stock Holdings in Reliance Steel & Aluminum Co. (NYSE:RS)

Oregon Public Employees Retirement Fund cut its position in Reliance Steel & Aluminum Co. (NYSE:RSGet Rating) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,625 shares of the industrial products company’s stock after selling 809 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Reliance Steel & Aluminum were worth $3,346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RS. Teacher Retirement System of Texas raised its holdings in shares of Reliance Steel & Aluminum by 25.1% during the third quarter. Teacher Retirement System of Texas now owns 10,250 shares of the industrial products company’s stock worth $1,460,000 after acquiring an additional 2,055 shares during the period. Wellington Management Group LLP raised its holdings in shares of Reliance Steel & Aluminum by 12.8% during the third quarter. Wellington Management Group LLP now owns 2,155,113 shares of the industrial products company’s stock worth $306,931,000 after acquiring an additional 245,179 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Reliance Steel & Aluminum by 27.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 18,916 shares of the industrial products company’s stock worth $3,069,000 after acquiring an additional 4,060 shares during the period. Liontrust Investment Partners LLP acquired a new stake in shares of Reliance Steel & Aluminum during the third quarter worth $13,783,000. Finally, Occidental Asset Management LLC raised its holdings in shares of Reliance Steel & Aluminum by 8.0% during the third quarter. Occidental Asset Management LLC now owns 13,155 shares of the industrial products company’s stock worth $1,874,000 after acquiring an additional 971 shares during the period. Institutional investors own 83.59% of the company’s stock.

RS has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of Reliance Steel & Aluminum from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $156.00 to $159.00 in a report on Friday, January 28th. StockNews.com started coverage on shares of Reliance Steel & Aluminum in a report on Thursday, March 31st. They set a “strong-buy” rating on the stock. Finally, KeyCorp lifted their price target on shares of Reliance Steel & Aluminum from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, February 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Reliance Steel & Aluminum has an average rating of “Buy” and a consensus target price of $175.78.

Shares of RS opened at $179.36 on Monday. The firm has a 50-day moving average of $179.55 and a 200-day moving average of $163.92. Reliance Steel & Aluminum Co. has a one year low of $135.46 and a one year high of $198.44. The company has a market cap of $11.24 billion, a PE ratio of 8.16 and a beta of 0.87. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.91 and a quick ratio of 1.97.

Reliance Steel & Aluminum (NYSE:RSGet Rating) last announced its quarterly earnings data on Thursday, February 17th. The industrial products company reported $6.83 EPS for the quarter, beating analysts’ consensus estimates of $5.17 by $1.66. Reliance Steel & Aluminum had a net margin of 10.03% and a return on equity of 24.80%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter last year, the firm posted $2.01 EPS. The company’s quarterly revenue was up 86.9% on a year-over-year basis. Analysts expect that Reliance Steel & Aluminum Co. will post 16.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were given a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, March 10th. This is an increase from Reliance Steel & Aluminum’s previous quarterly dividend of $0.69. Reliance Steel & Aluminum’s dividend payout ratio (DPR) is 15.92%.

In related news, CEO James Donald Hoffman sold 10,000 shares of Reliance Steel & Aluminum stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $178.59, for a total transaction of $1,785,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Stephen Paul Koch sold 24,474 shares of Reliance Steel & Aluminum stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $184.59, for a total transaction of $4,517,655.66. The disclosure for this sale can be found here. In the last three months, insiders sold 125,634 shares of company stock valued at $22,319,957. Insiders own 3.43% of the company’s stock.

Reliance Steel & Aluminum Profile (Get Rating)

Reliance Steel & Aluminum Co operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.

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

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