Arosa Capital Management LP Has Raised Its Rpc (RES) Position; Reliance Steel & Aluminum Co (RS) Has 0.96 Sentiment

January 17, 2018 - By Richard Conner

Reliance Steel & Aluminum Co. operates as a metals service center company. The company has market cap of $6.64 billion. The firm provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products. It has a 17.92 P/E ratio. The Company’s primary processing services comprise cutting, leveling, sawing, machining, and electro polishing.

Arosa Capital Management Lp increased Rpc Inc (RES) stake by 35.74% reported in 2017Q3 SEC filing. Arosa Capital Management Lp acquired 61,698 shares as Rpc Inc (RES)’s stock declined 3.98%. The Arosa Capital Management Lp holds 234,335 shares with $5.81M value, up from 172,637 last quarter. Rpc Inc now has $5.34B valuation. The stock increased 1.21% or $0.295 during the last trading session, reaching $24.665. About 1.16 million shares traded. RPC, Inc. (NYSE:RES) has risen 47.61% since January 17, 2017 and is uptrending. It has outperformed by 30.91% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $92,861 activity.

Ratings analysis reveals 50% of Reliance Steel’s analysts are positive. Out of 2 Wall Street analysts rating Reliance Steel, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. RS was included in 2 notes of analysts from November 29, 2016. The company was upgraded on Monday, January 9 by KeyBanc Capital Markets. The firm earned “Neutral” rating on Tuesday, November 29 by Macquarie Research.

Analysts await Reliance Steel & Aluminum Co. (NYSE:RS) to report earnings on February, 15. They expect $0.98 EPS, up 16.67% or $0.14 from last year’s $0.84 per share. RS’s profit will be $71.46 million for 23.23 P/E if the $0.98 EPS becomes a reality. After $1.30 actual EPS reported by Reliance Steel & Aluminum Co. for the previous quarter, Wall Street now forecasts -24.62% negative EPS growth.

The stock increased 0.16% or $0.15 during the last trading session, reaching $91.08. About 212,624 shares traded. Reliance Steel & Aluminum Co. (RS) has risen 0.13% since January 17, 2017 and is uptrending. It has underperformed by 16.57% the S&P500.

Marianas Fund Management Llc holds 12.8% of its portfolio in Reliance Steel & Aluminum Co. for 97,700 shares. Poplar Forest Capital Llc owns 638,566 shares or 4.22% of their US portfolio. Moreover, Dowling & Yahnke Llc has 3.74% invested in the company for 483,556 shares. The Maryland-based Profit Investment Management Llc has invested 2.85% in the stock. Hahn Capital Management Llc, a California-based fund reported 327,036 shares.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.05, from 0.99 in 2017Q2. It turned negative, as 29 investors sold RES shares while 69 reduced holdings. 42 funds opened positions while 50 raised stakes. 80.91 million shares or 2.04% more from 79.30 million shares in 2017Q2 were reported. Teton Advsrs holds 87,500 shares or 0.2% of its portfolio. Swiss State Bank holds 107,400 shares or 0% of its portfolio. Stephens Inc Ar stated it has 90 shares. Magnetar Finance Ltd Liability Com has invested 0.03% in RPC, Inc. (NYSE:RES). Hap Trading Llc has invested 0.02% in RPC, Inc. (NYSE:RES). Dana Investment Advisors holds 0.09% in RPC, Inc. (NYSE:RES) or 81,262 shares. Susquehanna Intl Grp Limited Liability Partnership holds 0% or 90,214 shares in its portfolio. Legal And General Gp Public Limited Company has 24,737 shares. Tortoise Capital Advsr Limited Liability Corporation holds 48 shares or 0% of its portfolio. Credit Suisse Ag, Switzerland-based fund reported 63,258 shares. Clinton Grp Inc reported 0.06% stake. Ubs Asset Mgmt Americas reported 59,339 shares. 18,800 were reported by Ellington Gru Llc. Rhumbline Advisers invested in 81,792 shares or 0% of the stock. Monarch Prtn Asset Management Lc holds 0.44% or 185,550 shares.

Among 24 analysts covering RPC (NYSE:RES), 6 have Buy rating, 1 Sell and 17 Hold. Therefore 25% are positive. RPC had 75 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of RPC, Inc. (NYSE:RES) earned “Neutral” rating by Citigroup on Wednesday, July 13. The stock has “Neutral” rating by SunTrust on Monday, August 24. The company was maintained on Tuesday, April 19 by Morgan Stanley. The stock of RPC, Inc. (NYSE:RES) has “Neutral” rating given on Wednesday, June 21 by Seaport Global. Goldman Sachs downgraded the shares of RES in report on Friday, March 11 to “Neutral” rating. Guggenheim upgraded the shares of RES in report on Thursday, January 26 to “Buy” rating. The firm has “Neutral” rating given on Monday, October 5 by Citigroup. The firm has “Hold” rating by Cowen & Co given on Thursday, January 11. As per Thursday, January 11, the company rating was maintained by Piper Jaffray. The company was maintained on Friday, April 7 by Jefferies.

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