AlphaQuest LLC Has $3.35 Million Holdings in Reliance, Inc. $RS

AlphaQuest LLC increased its stake in shares of Reliance, Inc. (NYSE:RS) by 397.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,611 shares of the industrial products company’s stock after buying an additional 9,278 shares during the quarter. AlphaQuest LLC’s holdings in Reliance were worth $3,354,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of RS. State Street Corp grew its position in Reliance by 6.8% in the third quarter. State Street Corp now owns 2,597,755 shares of the industrial products company’s stock valued at $729,528,000 after acquiring an additional 166,214 shares during the period. Boston Partners boosted its stake in shares of Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after purchasing an additional 484,286 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after purchasing an additional 343,598 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Reliance by 4.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company’s stock worth $320,863,000 after purchasing an additional 51,894 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Reliance by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after purchasing an additional 30,765 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Stock Up 0.0%

Shares of NYSE:RS opened at $367.07 on Tuesday. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $381.00. The company’s 50-day moving average price is $332.77 and its two-hundred day moving average price is $314.62. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. The firm has a market cap of $18.74 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.14 and a beta of 0.95.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $3.77 earnings per share. The company’s revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, research analysts forecast that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Reliance’s dividend payout ratio (DPR) is currently 32.62%.

Analyst Upgrades and Downgrades

RS has been the subject of several analyst reports. BMO Capital Markets lifted their price target on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. The Goldman Sachs Group initiated coverage on shares of Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. KeyCorp boosted their target price on Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Seaport Research Partners increased their price target on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $344.67.

Insider Activity at Reliance

In other news, SVP William A. Smith II sold 6,615 shares of Reliance stock in a transaction on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the sale, the senior vice president directly owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction on Monday, April 27th. The shares were sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the sale, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% 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.