Shares of Reliance Steel & Aluminum Co. (NYSE:RS) saw unusually-high trading volume on Wednesday . Approximately 796,554 shares traded hands during trading, an increase of 26% from the previous session’s volume of 629,836 shares.The stock last traded at $82.08 and had previously closed at $82.00.

RS has been the topic of a number of research reports. Zacks Investment Research raised shares of Reliance Steel & Aluminum Co. from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Thursday, April 28th. Cowen and Company reaffirmed a “buy” rating on shares of Reliance Steel & Aluminum Co. in a research note on Tuesday, May 17th. Jefferies Group reaffirmed a “hold” rating and set a $72.00 target price (up previously from $68.00) on shares of Reliance Steel & Aluminum Co. in a research note on Friday, June 10th. Vetr raised shares of Reliance Steel & Aluminum Co. from a “sell” rating to a “hold” rating and set a $70.00 target price on the stock in a research note on Monday, April 25th. Finally, Deutsche Bank AG cut shares of Reliance Steel & Aluminum Co. from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, March 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $76.33.

The stock’s 50-day moving average is $77.67 and its 200-day moving average is $68.42. The stock has a market cap of $5.95 billion and a price-to-earnings ratio of 20.01.

In other Reliance Steel & Aluminum Co. news, VP Stephen Paul Koch sold 23,355 shares of Reliance Steel & Aluminum Co. stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $71.20, for a total value of $1,662,876.00. Following the completion of the transaction, the vice president now directly owns 37,955 shares of the company’s stock, valued at $2,702,396. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark V. Kaminski sold 8,000 shares of Reliance Steel & Aluminum Co. stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $77.69, for a total transaction of $621,520.00. Following the completion of the transaction, the director now directly owns 23,498 shares of the company’s stock, valued at $1,825,559.62. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Reliance Steel & Aluminum Co. by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 4,846,689 shares of the company’s stock valued at $280,672,000 after buying an additional 51,528 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Reliance Steel & Aluminum Co. by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,038,218 shares of the company’s stock valued at $118,038,000 after buying an additional 90,272 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Reliance Steel & Aluminum Co. by 2.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,018,818 shares of the company’s stock valued at $59,000,000 after buying an additional 21,124 shares during the period. Victory Capital Management Inc. boosted its position in shares of Reliance Steel & Aluminum Co. by 7.9% in the fourth quarter. Victory Capital Management Inc. now owns 806,772 shares of the company’s stock valued at $46,720,000 after buying an additional 59,300 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Reliance Steel & Aluminum Co. by 18.9% in the fourth quarter. Schroder Investment Management Group now owns 376,820 shares of the company’s stock valued at $21,822,000 after buying an additional 60,000 shares during the period.

Reliance Steel & Aluminum Co is a metals service center company. The Company 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.

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