Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Reliance Steel & Aluminum Co (NYSE: RS)
Reliance Steel & Aluminum is the largest metal service center in the United States, providing metal processing and inventory management services for carbon and stainless steel, aluminum, and alloys. The company provides over 100,000 product types to more than 125,000 customers. Reliance predominantly supplies the nonresidential construction, automotive, aerospace, energy, transportation, and heavy equipment end markets.
A quick look at the price chart below for Reliance Steel shows us that the stock is down 5% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.58 which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Reliance Steel include:
Chuck Royce – 710,953 shares
Cliff Asness – 598,160 shares
Jim Simons – 252,912 shares
Joel Greenblatt – 140,471 shares
Ken Griffin – 136,470 shares
Lee Ainslie – 50,816 shares
Paul Tudor Jones – 33,015 shares
Ray Dalio – 15,466 shares
Roger Ibbotson – 3,528 shares
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