MUFG Securities EMEA plc grew its holdings in Reliance Steel & Aluminum Co (NYSE:RS) by 35.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,900 shares of the industrial products company’s stock after purchasing an additional 4,700 shares during the quarter. MUFG Securities EMEA plc’s holdings in Reliance Steel & Aluminum were worth $1,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new position in Reliance Steel & Aluminum during the 2nd quarter worth approximately $32,000. Parallel Advisors LLC increased its holdings in Reliance Steel & Aluminum by 166.0% during the 1st quarter. Parallel Advisors LLC now owns 532 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 332 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Reliance Steel & Aluminum during the 2nd quarter worth approximately $53,000. Advisory Services Network LLC increased its holdings in Reliance Steel & Aluminum by 39.4% during the 2nd quarter. Advisory Services Network LLC now owns 619 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 175 shares in the last quarter. Finally, Hilton Capital Management LLC bought a new stake in Reliance Steel & Aluminum during the 1st quarter worth approximately $99,000. 84.01% of the stock is currently owned by institutional investors.
In other Reliance Steel & Aluminum news, VP Arthur Ajemyan sold 3,200 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $101.61, for a total transaction of $325,152.00. Following the completion of the transaction, the vice president now directly owns 7,544 shares of the company’s stock, valued at $766,545.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.43% of the stock is currently owned by corporate insiders.
Shares of RS stock traded up $0.28 during trading on Thursday, hitting $103.62. The company’s stock had a trading volume of 13,641 shares, compared to its average volume of 461,222. The company has a market cap of $6.82 billion, a PE ratio of 11.59, a P/E/G ratio of 1.22 and a beta of 1.30. The company has a current ratio of 4.42, a quick ratio of 2.08 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $98.41 and a 200-day moving average of $91.95. Reliance Steel & Aluminum Co has a 52 week low of $68.62 and a 52 week high of $105.25.
Reliance Steel & Aluminum (NYSE:RS) last released its earnings results on Thursday, July 25th. The industrial products company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.11. Reliance Steel & Aluminum had a return on equity of 12.85% and a net margin of 5.22%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the prior year, the company posted $3.10 earnings per share. Reliance Steel & Aluminum’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts predict that Reliance Steel & Aluminum Co will post 9.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, August 15th. Reliance Steel & Aluminum’s dividend payout ratio (DPR) is 24.61%.
About Reliance Steel & Aluminum
Reliance Steel & Aluminum Co operates as a metals service center company. The company provides alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products and related processing services to general manufacturing, non-residential construction, transportation, aerospace and defense, energy, electronics and semiconductor fabrication, auto, and heavy industries.
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