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Aptus Capital Advisors LLC owns $2.99 million in Reliance Steel & Aluminum Co. stock (NYSE:RS)

Aptus Capital Advisors LLC owns $2.99 million in Reliance Steel & Aluminum Co. stock (NYSE:RS)

Aptus Capital Advisors LLC increased its stake in Reliance Steel & Aluminum Co. (NYSE: RS) during the third quarter by 5.7%, according to the most recent SEC filing made by the company. Following the completion of the quarter, the institutional investor’s portfolio contains a total of 17,156 shares of stock in the industrial products company; this represents an increase of 930 new shares purchased during the period. In the most recent statement filed with the Securities and Exchange Commission, Aptus Capital Advisors LLC disclosed that it had an interest in Reliance Steel & Aluminum valued at $2,992,000. (SEC).

Other large investors have been very active in the market recently, buying and selling shares of RS, and there have been a number of these investors. State Street Corporation increased its ownership stake in Reliance Steel & Aluminum by 16.4% during the first three months of 2018. After acquiring an additional 359,364 shares of the industrial goods company’s stock during the most recent period, State Street Corp. now owns 2,549,898 shares of the company’s stock. The value of these shares on the market as of right now is $467,524,000. Price T. Rowe Associates Inc. (MD), which already held a 15.0% ownership stake in Reliance Steel & Aluminum, brought that stake up to a 15.0% ownership stake during the second quarter. Price T. Rowe Associates Inc. (MD) now has 1,981,575 stock held by the industrial products company following the acquisition of an additional 258,662 shares during the most recent quarter. These shares are currently valued at a combined total of $336,590,000 in the market today. Royal London Asset Management Ltd. increased the percentage of Reliance Steel & Aluminum stock owned by 28.0% during the year’s second quarter. Following the acquisition of 261,250 shares during the most recent fiscal quarter, Royal London Asset Management Ltd. now holds 1,194,848 stock held by the industrial products company. These shares have a combined value of $202,963,000, making up the total value of the company’s stock holdings. In the second quarter, FMR LLC successfully raised the percentage of ownership it holds in Reliance Steel & Aluminum by 5.9%. FMR LLC now has a total of 931,253 shares in the company, having purchased an additional 51,667 shares of the industrial products company during the previous quarter for a total investment of 931,253 shares. There is a value of $158,183,000 attached to these shares. Last but certainly not least, during the first three months of this year, First Trust Advisors LP saw a 121.1% increase in the amount of Reliance Steel & Aluminum stock it owned. First Trust Advisors LP now has 515,735 shares in the industrial products business. This is a result of the company purchasing an additional 282,481 shares during the most recent quarter. The price per share has reached $94,560,000 at the moment. Institutional investors and hedge funds hold 81.73% of the total shares outstanding in the company, making up the majority of the company’s stock ownership.

On Tuesday, one share of RS stock was valued at $216.80 in terms of its price. The company has a price-to-earnings ratio of 7.09, and its beta value is 0.87. The market capitalization of the company is $12.72 billion at the moment. The ratio of the current ratio to the quick ratio is 1.78, while the ratio of the current ratio to the quick ratio is 3.25. The ratio of debt to equity is 0.17. The low point over the past year for Reliance Steel & Aluminum Co. stock was $145.79, while the high point over the past year for the stock was $217.28. The company has had a simple moving average of $192.72 for the past 200 days, and the simple moving average for the last fifty days is $206.37.

On Thursday, October 27, the results of Reliance Steel & Aluminum’s most recent quarterly financial report were made public. The company’s stock symbol on the New York Stock Exchange is RS. The consumer goods manufacturer reported quarterly earnings per share of $6.48, which is $0.28 more than the consensus estimate of $6.20. The return on equity for Reliance Steel & Aluminum was calculated to be 29.31%, while the net margin for the company was 10.98%. The company’s quarterly revenue of $4.25 billion far surpassed analysts’ projections of $4.14 billion in sales for the period in question, indicating that the company is performing exceptionally well financially. The company had $6.15 per share during the prior year’s corresponding quarter. Compared to the results for the same period in the previous year, the company’s quarterly sales growth was 10.4%. According to market watchers’ projections, Reliance Steel & Aluminum Co. is expected to generate earnings of 28.65 cents per share this year.

In addition, on Friday, December 2, the company announced a quarterly dividend and distributed the dividend in the form of payment to shareholders. On November 18, $0.875 dividend payments per share were made to shareholders who were “recorded” as having shares as of that day. These payments were made to shareholders who held shares as of that day. Thursday, November 17, was the last day dividends were distributed before they were discontinued. The result is that there will be a dividend yield of 1.61% and a dividend payment of $3.50 every year. Currently, the percentage of taxable income distributed as dividends by Reliance Steel & Aluminum amounts to 11.45%.

RS has been mentioned in a great number of articles written by analysts.

KeyCorp gave shares of Reliance Steel & Aluminum an “overweight” rating in a report that was made public on November 22. The company also increased its price objective for the stock from $210.00 to $225.00. Both of these changes were included in the report. In a research note released on January 4, Bank of America announced that it would begin covering shares of Reliance Steel and Aluminum the following day. While evaluating the company, they decided to give it a ” neutral rating.” StockNews.com lowered its recommendation for Reliance Steel & Aluminum from a “strong-buy” rating to a “buy” rating in a research report published on Thursday, October 6. The report was made available on the website. The Goldman Sachs Group lowered their target price for Reliance Steel & Aluminum from $218.00 to $201.00 and changed their rating on the stock from “buy” to “neutral” in a research note published on Thursday, October 6. They also changed the stock rating from “buy” to “neutral,” which is a downgrade. Six equity research specialists have given the company a buy rating, while only two recommend that investors maintain their current shares. The company receives a “Moderate Buy” rating from Bloomberg, and the stock’s general price objective is $222.40. This information comes from the company’s stock analysis report.

Stephen Paul Koch, the company’s Chief Operating Officer, sold a total of 6,569 shares of company stock on the trading day, Friday, December 2. The shares were sold at an average price of $213.71 per share, which resulted in a total dollar volume of sale activity of $1,403,860.99. As a direct consequence of the transaction, the company’s chief operating officer now possesses 5,486 shares of the company’s stock with a combined value of $1,172,413.06. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website. On Friday, December 2, Karla R. Lewis, the company’s president, sold 9,178 shares of the company’s stock. This information was included in a separate piece of news. The shares were sold at an average price of $213.69 per share, which resulted in a total dollar volume of sale activity equal to $1,961,246.82. Because of the sale, the company’s president now owns 77,832 shares, which have a combined value of $16,631,920.08. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction.

Additionally, on Friday, December 2, Chief Operating Officer Stephen Paul Koch sold 6,569 shares of the company’s stock. The transaction volume for the stock sale came to a total of $1,403,860.99, and the average price per share it was sold at was $213.71. At this time, the company’s chief operating officer is the direct owner of 5,486 shares of the company’s stock. This information is accurate as of the current date. You may find the disclosure related to the sale in this section. The value of these shares is $1,172,413.05. Over the past three months, company insiders have sold 25,747 shares, resulting in a total profit of $5,479,608.08 from the transaction. People hold a total of 0.62% of shares with inside knowledge of the company.

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