Petersen Flynn & Dinsmore INC Increased Stake in Reliance Steel & Aluminum Co (RS) by $3.71 Million as Valuation Declined

April 21, 2018 - By Henry Gaston

Reliance Steel & Aluminum Co. (NYSE:RS) LogoInvestors sentiment increased to 1.07 in 2017 Q4. Its up 0.11, from 0.96 in 2017Q3. It is positive, as 30 investors sold RS shares while 100 reduced holdings. 42 funds opened positions while 97 raised stakes. 58.59 million shares or 0.81% less from 59.07 million shares in 2017Q3 were reported. Ing Groep Nv reported 11,002 shares. Parametric Limited Liability has invested 0.03% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). First Quadrant LP Ca invested in 600 shares. Td Asset Mngmt reported 4,527 shares. Jfs Wealth Limited Liability Com holds 0.01% or 500 shares. Perigon Wealth Mngmt Llc holds 141 shares. Mitchell Mngmt Company owns 2,795 shares. Bnp Paribas Asset invested 0% of its portfolio in Reliance Steel & Aluminum Co. (NYSE:RS). Bessemer Group reported 227 shares. Victory Inc invested in 0.71% or 3.93M shares. Alliancebernstein LP invested in 42,910 shares. Blackrock Incorporated reported 6.67M shares or 0.03% of all its holdings. Laurion Management Lp stated it has 23,831 shares or 0.01% of all its holdings. Boston Private Wealth Limited Liability Corp stated it has 0.03% in Reliance Steel & Aluminum Co. (NYSE:RS). Bluemountain Capital Mngmt Ltd Liability has 22,155 shares for 0.04% of their portfolio.

Since December 8, 2017, it had 0 insider buys, and 7 selling transactions for $5.52 million activity. On Wednesday, February 28 the insider GIMBEL THOMAS W sold $553,860. Smith William A II sold $92,861 worth of stock or 1,123 shares. 2,000 Reliance Steel & Aluminum Co. (NYSE:RS) shares with value of $185,400 were sold by Sharkey Andrew G III. $561,480 worth of Reliance Steel & Aluminum Co. (NYSE:RS) was sold by HAYES DOUGLAS M on Monday, March 5. Another trade for 5,000 shares valued at $461,500 was made by HOFFMAN JAMES DONALD on Wednesday, February 21.

Petersen Flynn & Dinsmore Inc increased its stake in Reliance Steel & Aluminum Co (RS) by 30.53% based on its latest 2017Q4 regulatory filing with the SEC. Petersen Flynn & Dinsmore Inc bought 43,646 shares as the company’s stock declined 2.39% with the market. The institutional investor held 186,610 shares of the metal fabrications company at the end of 2017Q4, valued at $16.01M, up from 142,964 at the end of the previous reported quarter. Petersen Flynn & Dinsmore Inc who had been investing in Reliance Steel & Aluminum Co for a number of months, seems to be bullish on the $6.49B market cap company. The stock decreased 0.63% or $0.57 during the last trading session, reaching $89.66. About 428,719 shares traded. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 8.18% since April 21, 2017 and is uptrending. It has underperformed by 3.37% the S&P500.

Reliance Steel & Aluminum Co. (NYSE:RS) Ratings Coverage

Among 7 analysts covering Reliance Steel (NYSE:RS), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Reliance Steel had 11 analyst reports since November 3, 2017 according to SRatingsIntel. The company was maintained on Thursday, March 29 by Deutsche Bank. KeyBanc Capital Markets maintained it with “Buy” rating and $84.0 target in Tuesday, December 5 report. KeyBanc Capital Markets maintained Reliance Steel & Aluminum Co. (NYSE:RS) on Wednesday, January 10 with “Buy” rating. The company was maintained on Friday, November 3 by Cowen & Co. As per Thursday, February 15, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Buy” rating on Thursday, January 4 by Cowen & Co. The firm has “Buy” rating given on Wednesday, February 7 by Longbow. Jefferies maintained it with “Hold” rating and $90.0 target in Tuesday, January 9 report. On Monday, January 8 the stock rating was maintained by Bank of America with “Buy”. As per Friday, February 16, the company rating was maintained by Cowen & Co.

Reliance Steel & Aluminum Co. (NYSE:RS) Institutional Positions Chart

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