Reliance Steel & Aluminium (RS)

• Market cap: $16.8B
• 1 day: -0.94%
• 5 days: -2.39%
• 1 month: 5.55%
• 3 months: 10.65%
• 6 months: 6.65%
• Year to date: 10.14%
• 1 year: 13.60%
• 5 years: 174.46%
• 10 years: 381.17%
• Sector: Materials
• Industry: Metals Service Centers & Offices

About: Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.

Employees: 15,500

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

77% more call options, than puts

Call options by funds: $40M | Put options by funds: $22.6M

9% less repeat investments, than reductions

Existing positions increased: 207 | Existing positions reduced: 227

1.07% less ownership

Funds ownership: 81.18% [Q1] → 80.11% (-1.07%) [Q2]

5% less funds holding

Funds holding: 595 [Q1] → 567 (-28) [Q2]

16% less capital invested

Capital invested by funds: $15.6B [Q1] → $13.1B (-$2.41B) [Q2]

32% less first-time investments, than exits

New positions opened: 59 | Existing positions closed: 87

67% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $325 5% upside
• Avg. target: $328 6% upside
• High target: $330 6% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

BMO Capital Katja Jancic 100% 1-year accuracy 1 / 1 met price target	6% upside $330	Outperform Maintained	25 Oct 2024
Keybanc Philip Gibbs 71% 1-year accuracy 15 / 21 met price target	5% upside $325	Overweight Maintained	14 Oct 2024