Eurizon Capital SGR S.p.A. Invests $12.81 Million in Reliance, Inc. $RS

Eurizon Capital SGR S.p.A. bought a new position in shares of Reliance, Inc. (NYSE:RS) in the fourth quarter, HoldingsChannel reports. The firm bought 44,326 shares of the industrial products company’s stock, valued at approximately $12,808,000.

A number of other large investors have also modified their holdings of RS. National Pension Service increased its stake in Reliance by 57.4% in the 4th quarter. National Pension Service now owns 7,710 shares of the industrial products company’s stock valued at $2,227,000 after purchasing an additional 2,812 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in Reliance in the 4th quarter valued at approximately $674,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Reliance in the 4th quarter valued at approximately $9,287,000. Northwestern Mutual Wealth Management Co. increased its stake in Reliance by 13.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,898 shares of the industrial products company’s stock valued at $1,993,000 after purchasing an additional 831 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Reliance by 71.7% in the 4th quarter. Intech Investment Management LLC now owns 42,065 shares of the industrial products company’s stock valued at $12,151,000 after purchasing an additional 17,562 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the transaction, the senior vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the sale, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. This trade represents a 17.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.40% of the company’s stock.

Reliance Stock Performance

Reliance stock opened at $381.37 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The stock has a fifty day moving average of $339.22 and a two-hundred day moving average of $317.53. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.18 and a beta of 0.95. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $386.39.

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

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s dividend payout ratio (DPR) is presently 32.62%.

Analysts Set New Price Targets

RS has been the subject of several research analyst reports. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. KeyCorp raised their price objective on Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Wells Fargo & Company raised their price objective on Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $344.67.

About Reliance

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.