Today, the SVP Operations of Reliance Steel (NYSE: RS), Stephen Paul Koch, sold shares of RS for $1.21M.
Following Stephen Paul Koch’s last RS Sell transaction on August 12, 2016, the stock climbed by 23.5%. In addition to Stephen Paul Koch, one other RS executive reported Sell trades in the last month.
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Based on Reliance Steel’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.76 billion and quarterly net profit of $169 million. In comparison, last year the company earned revenue of $2.42 billion and had a net profit of $112 million. RS’s market cap is $6.83B and the company has a P/E ratio of 10.36. Currently, Reliance Steel has an average volume of 321.1K.
Three different firms, including Merrill Lynch and Longbow Research, currently also have a Sell rating on the stock.
The insider sentiment on Reliance Steel has been negative according to 47 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Reliance Steel & Aluminum Co. engages in processing and distributing of metal products. Its products include alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
