Step Into Standard Motor, Reliance Steel Says Royce Fund Manager

Standard Motors shares will benefit as the number of older cars on the road rises and increasingly more complex cars are produced, said Steven McBoyle, portfolio manager for the Royce Heritage Fund. McBoyle added that the automotive aftermarket parts supplier also sports a cheap valuation and offers a healthy yield. He is also bullish on Reliance Steel, saying the metal service center giant will soon see pricing pressures from imports ease. Furthermore, McBoyle said the metals seller pays a solid 2.7% dividend. Finally, McBoyle is positive on Valmont shares due to the irrigation provider's favorable long term trends and buyback program.