BNP Paribas Financial Markets Has $7.52 Million Holdings in Reliance, Inc. $RS

BNP Paribas Financial Markets cut its position in Reliance, Inc. (NYSE:RS) by 14.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,041 shares of the industrial products company’s stock after selling 4,396 shares during the quarter. BNP Paribas Financial Markets’ holdings in Reliance were worth $7,522,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in Reliance in the 4th quarter valued at $28,000. Quarry LP acquired a new position in Reliance in the 3rd quarter valued at $32,000. Elyxium Wealth LLC acquired a new position in Reliance in the 4th quarter valued at $36,000. Sound Income Strategies LLC acquired a new position in Reliance in the 4th quarter valued at $40,000. Finally, Advisory Services Network LLC acquired a new stake in Reliance in the 3rd quarter worth $39,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. raised their price target on shares of Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. KeyCorp raised their price target on shares of Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Seaport Research Partners raised their price target on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Reliance currently has a consensus rating of “Hold” and an average price target of $352.33.

Reliance Stock Up 1.5%

Shares of NYSE RS opened at $402.35 on Wednesday. Reliance, Inc. has a 52-week low of $260.31 and a 52-week high of $403.68. 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 business has a fifty day moving average of $352.86 and a two-hundred day moving average of $323.66. The stock has a market cap of $20.54 billion, a PE ratio of 26.25, a PEG ratio of 1.23 and a beta of 0.95.

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

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 22nd. Reliance’s payout ratio is currently 32.62%.

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.