Dividend Report: Reliance Steel & Aluminum Co. (NYSE:RS) advises investors to expect $0.43 dividends on Dec 16, 2016.

Dividend Report: Reliance Steel & Aluminum Co. (NYSE:RS) advises investors to expect $0.43 dividends on Dec 16, 2016.

Reliance Steel & Aluminum Co. (NYSE:RS) is expected to pay $0.43 on Dec 16, 2016. The indicated annual dividend is $1.70. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Reliance Steel & Aluminum Co.’s current price of $78.70, the dividend is 0.54%. This dividend’s record date is Nov 18, 2016 and the announcement date is Oct 20, 2016. The stock increased 1.39% or $1.08 during the last trading session, hitting $78.7. Reliance Steel & Aluminum Co (NYSE:RS) has risen 8.58% since April 13, 2016 and is uptrending. It has outperformed by 4.65% the S&P500.

Reliance Steel & Aluminum Co. is a metals service center company. The company has a market cap of $5.68 billion. The Firm operates through metals service centers segment. It has a 18.43 P/E ratio. The Company’s network of metals service centers operates over 300 locations in approximately 40 states in the United States and in other countries, including Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom.

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.45, from 1.35 in 2016Q1. The ratio is negative, as 32 funds sold all Reliance Steel & Aluminum Co shares owned while 125 reduced positions. 39 funds bought stakes while 102 increased positions. They now own 58.65 million shares or 7.14% less from 63.16 million shares in 2016Q1.
Susquehanna Int Llp reported 13,800 shares or 0% of all its holdings. The New Jersey-based Prudential has invested 0.1% in Reliance Steel & Aluminum Co (NYSE:RS). Eqis Capital holds 0.03% of its portfolio in Reliance Steel & Aluminum Co (NYSE:RS) for 5,385 shares. Clinton Grp Inc Inc owns 33,224 shares or 0.11% of their US portfolio. Northern Tru holds 727,076 shares or 0.02% of its portfolio. The North Carolina-based First Citizens Bank And Tru has invested 0.04% in Reliance Steel & Aluminum Co (NYSE:RS). Synovus Corp, a Georgia-based fund reported 3,263 shares. Invesco, a Georgia-based fund reported 147,363 shares. Point72 Asset Mngmt Lp has invested 0.11% of its portfolio in Reliance Steel & Aluminum Co (NYSE:RS). Aqr Limited Liability Com reported 1.30M shares or 0.18% of all its holdings. Weaver C Barksdale And Assocs Inc last reported 0.07% of its portfolio in the stock. State Of Tennessee Treasury Department reported 70,500 shares or 0.03% of all its holdings. The New York-based Seven Eight Cap Limited has invested 0.11% in Reliance Steel & Aluminum Co (NYSE:RS). Rdl Fin accumulated 17,443 shares or 0.99% of the stock. The New York-based Mutual Of America Capital Mgmt Ltd Liability Corporation has invested 0.09% in Reliance Steel & Aluminum Co (NYSE:RS).

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 14 insider sales for $8.88 million net activity. 1,183 shares were sold by Smith William A II, worth $92,179. HAYES DOUGLAS M had sold 5,000 shares worth $368,900 on Wednesday, May 25. HANNAH DAVID H sold 30,000 shares worth $2.21 million. 330 Reliance Steel & Aluminum Co (NYSE:RS) shares with value of $24,925 were sold by HOFFMAN JAMES DONALD. Koch Stephen Paul had sold 320 shares worth $24,192 on Wednesday, August 10. Shares for $911,085 were sold by McEvoy Robert Ambrose on Tuesday, May 31. KAMINSKI MARK V had sold 8,000 shares worth $621,520 on Wednesday, June 8.

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

Out of 6 analysts covering Reliance Steel (NYSE:RS), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Reliance Steel has been the topic of 11 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The stock of Reliance Steel & Aluminum Co (NYSE:RS) has “Neutral” rating given on Thursday, April 28 by Rosenblatt. Deutsche Bank initiated the shares of RS in a report on Tuesday, October 20 with “Buy” rating. Jefferies downgraded Reliance Steel & Aluminum Co (NYSE:RS) on Monday, March 21 to “Hold” rating. The rating was downgraded by Bank of America to “Neutral” on Friday, February 19. The firm earned “Underperform” rating on Tuesday, April 19 by Bank of America. The stock has “Hold” rating given by Deutsche Bank on Wednesday, March 23. On Tuesday, October 18 the stock rating was upgraded by Clarksons Platou to “Buy”. The firm has “Buy” rating given on Tuesday, September 8 by Bank of America. Jefferies maintained the stock with “Buy” rating in Wednesday, September 16 report. The stock of Reliance Steel & Aluminum Co (NYSE:RS) has “Outperform” rating given on Friday, July 22 by Cowen & Co.

More notable recent Reliance Steel & Aluminum Co (NYSE:RS) news were published by: Prnewswire.com which released: “Reliance Steel & Aluminum Co. Announces New Directors” on October 05, 2016, also Prnewswire.com with their article: “Reliance Steel & Aluminum Co. To Announce Third Quarter 2016 Results On …” published on October 06, 2016, Prnewswire.com published: “Reliance Steel & Aluminum Co. Reports Second Quarter 2016 Financial Results” on July 21, 2016. More interesting news about Reliance Steel & Aluminum Co (NYSE:RS) were released by: Prnewswire.com and their article: “Reliance Steel & Aluminum Co. Completes Acquisition Of Tubular Steel, Inc.” published on January 05, 2016 as well as Prnewswire.com‘s news article titled: “Reliance Steel & Aluminum Co. Announces Appointment Of James D. Hoffman As …” with publication date: February 29, 2016.

RS Company Profile

Reliance Steel & Aluminum Co., incorporated on April 07, 2015, is a metals service center company. The Firm operates through metals service centers segment. The Company’s network of metals service centers operates over 300 locations in approximately 40 states in the United States and in other countries, including Australia, Belgium, Canada, China, France, Malaysia, Mexico, Singapore, South Korea, Turkey, the United Arab Emirates and the United Kingdom. The Firm provides metals processing services and distributes a line of over 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium and specialty steel products, to over 125,000 clients in a range of industries. The Company’s various metals service centers process and distribute only specialty metals. It delivers a range of products from facilities located across the United States and Canada.

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