Reliance Steel & Aluminum Co (NYSE:RS) was the target of unusually large options trading on Tuesday. Investors bought 1,001 put options on the stock. This is an increase of approximately 1,092% compared to the typical daily volume of 84 put options.

In related news, Director David H. Hannah sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $90.04, for a total value of $2,251,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.24% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in Reliance Steel & Aluminum by 2.4% in the 1st quarter. American Century Companies Inc. now owns 31,780 shares of the industrial products company’s stock worth $2,725,000 after purchasing an additional 748 shares during the period. Swiss National Bank boosted its stake in shares of Reliance Steel & Aluminum by 2.3% during the 1st quarter. Swiss National Bank now owns 127,000 shares of the industrial products company’s stock valued at $10,889,000 after buying an additional 2,900 shares during the period. M&T Bank Corp boosted its stake in shares of Reliance Steel & Aluminum by 23.0% during the 1st quarter. M&T Bank Corp now owns 4,504 shares of the industrial products company’s stock valued at $386,000 after buying an additional 842 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Reliance Steel & Aluminum by 5.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 309,136 shares of the industrial products company’s stock valued at $26,506,000 after buying an additional 16,405 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of Reliance Steel & Aluminum during the 1st quarter valued at $596,000. Hedge funds and other institutional investors own 80.99% of the company’s stock.

NYSE RS opened at $86.23 on Wednesday. Reliance Steel & Aluminum has a 12 month low of $72.32 and a 12 month high of $97.41. The company has a current ratio of 4.06, a quick ratio of 1.76 and a debt-to-equity ratio of 0.39. The company has a market cap of $6.18 billion, a P/E ratio of 15.85, a P/E/G ratio of 0.97 and a beta of 1.16.

Reliance Steel & Aluminum (NYSE:RS) last posted its quarterly earnings data on Thursday, July 26th. The industrial products company reported $3.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.75 by $0.35. Reliance Steel & Aluminum had a net margin of 7.55% and a return on equity of 12.29%. The business had revenue of $2.99 billion for the quarter. During the same quarter in the prior year, the business earned $1.40 EPS. Reliance Steel & Aluminum’s revenue was up 20.8% compared to the same quarter last year. sell-side analysts predict that Reliance Steel & Aluminum will post 9.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Friday, August 17th were given a $0.50 dividend. The ex-dividend date was Thursday, August 16th. This represents a $2.00 annualized dividend and a yield of 2.32%. Reliance Steel & Aluminum’s dividend payout ratio (DPR) is 36.76%.

Several brokerages recently issued reports on RS. ValuEngine downgraded Reliance Steel & Aluminum from a “buy” rating to a “hold” rating in a report on Friday, June 29th. Zacks Investment Research upgraded shares of Reliance Steel & Aluminum from a “hold” rating to a “strong-buy” rating and set a $98.00 price target on the stock in a research note on Tuesday, September 11th. Citigroup initiated coverage on shares of Reliance Steel & Aluminum in a research note on Monday. They issued a “neutral” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Reliance Steel & Aluminum from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, KeyCorp raised their price target on shares of Reliance Steel & Aluminum from $97.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $96.11.

Reliance Steel & Aluminum Company Profile

Reliance Steel & Aluminum Co operates as a metals service center company in the United States and internationally. The company provides steel, aluminum, stainless, and specialty metals and related processing services to customers in various industries, such as infrastructure and energy; fabricates steel and aluminum products; and provides various precision fabrication services, including laser cutting, shearing, computer numerated control (CNC) punching, and CNC forming and rolling, as well as welding, assembly, painting, inventory management, and engineering expertise.

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