萊特投資者服務公司增持信實鋼鐵鋁業股份有限公司(紐約證券交易所代碼：RS)

Wright Investors Service Inc. increased its holdings in Reliance Steel & Aluminum Co. (NYSE:RS – Get Rating) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,170 shares of the industrial products company's stock after acquiring an additional 157 shares during the quarter. Wright Investors Service Inc.'s holdings in Reliance Steel & Aluminum were worth $581,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Schroder Investment Management Group lifted its position in shares of Reliance Steel & Aluminum by 7.1% during the fourth quarter. Schroder Investment Management Group now owns 950 shares of the industrial products company's stock valued at $154,000 after buying an additional 63 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Reliance Steel & Aluminum by 2.3% during the first quarter. Nordea Investment Management AB now owns 61,078 shares of the industrial products company's stock valued at $11,260,000 after buying an additional 1,350 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position 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 valued at $3,069,000 after buying an additional 4,060 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of Reliance Steel & Aluminum during the fourth quarter valued at about $1,404,000. Finally, SG Americas Securities LLC lifted its position in shares of Reliance Steel & Aluminum by 277.2% during the fourth quarter. SG Americas Securities LLC now owns 10,131 shares of the industrial products company's stock valued at $1,643,000 after buying an additional 7,445 shares during the last quarter. 81.84% of the stock is owned by institutional investors.

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Several analysts have commented on the stock. Exane BNP Paribas raised shares of Reliance Steel & Aluminum from a "neutral" rating to an "outperform" rating in a research report on Thursday, April 14th. The Goldman Sachs Group decreased their price target on shares of Reliance Steel & Aluminum from $244.00 to $234.00 in a research report on Tuesday, May 31st. Wolfe Research upgraded shares of Reliance Steel & Aluminum from a "market perform" rating to an "outperform" rating and set a $226.00 price objective on the stock in a report on Thursday, April 28th. Citigroup upped their price objective on shares of Reliance Steel & Aluminum from $200.00 to $230.00 in a report on Friday, April 29th. Finally, BNP Paribas upgraded shares of Reliance Steel & Aluminum from a "neutral" rating to an "outperform" rating in a report on Thursday, April 14th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Reliance Steel & Aluminum presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.50.

In related news, VP Jeffrey Wayne Durham sold 10,000 shares of the stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $196.06, for a total value of $1,960,600.00. Following the transaction, the vice president now owns 19,071 shares in the company, valued at approximately $3,739,060.26. The sale was disclosed in a filing with the SEC, which is available through this link. 0.62% of the stock is currently owned by corporate insiders.

Shares of NYSE:RS opened at $169.74 on Wednesday. Reliance Steel & Aluminum Co. has a twelve month low of $135.46 and a twelve month high of $211.65. The company's 50 day moving average is $185.44 and its 200 day moving average is $178.40. The company has a current ratio of 3.96, a quick ratio of 2.28 and a debt-to-equity ratio of 0.25. The company has a market cap of $10.52 billion, a PE ratio of 6.48 and a beta of 0.81.

Reliance Steel & Aluminum (NYSE:RS – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The industrial products company reported $8.42 earnings per share for the quarter, topping the consensus estimate of $7.20 by $1.22. Reliance Steel & Aluminum had a net margin of 10.61% and a return on equity of 27.94%. The company had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the company earned $4.10 EPS. Reliance Steel & Aluminum's quarterly revenue was up 58.0% on a year-over-year basis. Equities research analysts predict that Reliance Steel & Aluminum Co. will post 27.9 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 27th were issued a $0.875 dividend. The ex-dividend date was Thursday, May 26th. This represents a $3.50 annualized dividend and a yield of 2.06%. Reliance Steel & Aluminum's dividend payout ratio (DPR) is presently 13.36%.

Reliance Steel & Aluminum Company 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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