Reliance, Inc. $RS Shares Purchased by Andra AP fonden

Andra AP fonden boosted its holdings in shares of Reliance, Inc. (NYSE:RS) by 109.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,000 shares of the industrial products company’s stock after buying an additional 29,300 shares during the quarter. Andra AP fonden’s holdings in Reliance were worth $15,726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Guerra Advisors Inc purchased a new stake in shares of Reliance during the third quarter worth about $34,000. Root Financial Partners LLC purchased a new stake in Reliance during the 3rd quarter worth approximately $38,000. Allworth Financial LP increased its stake in Reliance by 46.3% during the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 44 shares in the last quarter. Caldwell Trust Co purchased a new position in shares of Reliance in the second quarter worth $58,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Reliance by 31.4% in the second quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock worth $63,000 after buying an additional 48 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Wells Fargo & Company lifted their target price on Reliance from $287.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, BMO Capital Markets downgraded shares of Reliance from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $340.00 to $320.00 in a report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $321.67.

Reliance Stock Performance

Shares of NYSE RS opened at $315.25 on Friday. The company has a market capitalization of $16.48 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. The company’s fifty day moving average price is $320.25 and its 200 day moving average price is $296.14. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $365.59.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Reliance had a net margin of 5.17% and a return on equity of 10.45%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, research analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Reliance’s previous quarterly dividend of $1.20. Reliance’s payout ratio is presently 34.36%.

Insider Activity

In related news, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Karla R. Lewis sold 5,809 shares of Reliance stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.50, for a total value of $1,646,851.50. Following the completion of the sale, the chief executive officer directly owned 84,421 shares in the company, valued at $23,933,353.50. This represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 32,935 shares of company stock valued at $10,254,424. Insiders own 0.35% of the company’s stock.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.