Reliance Steel & Aluminium (RS)

• Market cap: $14.6B
• 1 day: 1.82%
• 5 days: -7.23%
• 1 month: -14.20%
• 3 months: -4.29%
• 6 months: -4.17%
• Year to date: -4.41%
• 1 year: -1.75%
• 5 years: 121.73%
• 10 years: 351.07%
• 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 Q3 regulatory filings by fund managers ($100M+ AUM)

73% more call options, than puts

Call options by funds: $33.7M | Put options by funds: $19.5M

15% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 60

2% more funds holding

Funds holding: 567 [Q2] → 576 (+9) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

1.59% less ownership

Funds ownership: 80.08% [Q2] → 78.49% (-1.59%) [Q3]

5% less capital invested

Capital invested by funds: $13.1B [Q2] → $12.5B (-$674M) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 236

Research analyst outlook

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

• Low target: $325 21% upside
• Avg. target: $332 23% upside
• High target: $341 27% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Goldman Sachs Mike Harris 0% 1-year accuracy 0 / 3 met price target	27% upside $341	Neutral Initiated	2 Dec 2024
BMO Capital Katja Jancic 17% 1-year accuracy 2 / 12 met price target	23% upside $330	Outperform Maintained	25 Oct 2024
Keybanc Philip Gibbs 60% 1-year accuracy 15 / 25 met price target	21% upside $325	Overweight Maintained	14 Oct 2024