Boston Partners Has $633.34 Million Stock Holdings in Reliance, Inc. $RS

Boston Partners cut its holdings in Reliance, Inc. (NYSE:RS) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,187,940 shares of the industrial products company’s stock after selling 59,663 shares during the quarter. Boston Partners owned about 4.18% of Reliance worth $633,341,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RS. Elevation Wealth Partners LLC acquired a new stake in shares of Reliance in the fourth quarter worth $28,000. Brown Brothers Harriman & Co. lifted its stake in shares of Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares during the last quarter. Quarry LP acquired a new stake in shares of Reliance in the third quarter worth $32,000. Elyxium Wealth LLC acquired a new stake in shares of Reliance in the fourth quarter worth $36,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Reliance in the third quarter worth $39,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction dated 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 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 represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

Reliance Stock Up 0.8%

Shares of NYSE RS opened at $413.65 on Friday. The firm’s 50-day simple moving average is $359.01 and its 200 day simple moving average is $326.13. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $417.25.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the company earned $3.77 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, 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 announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $1.25 per share. The ex-dividend date was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Reliance’s dividend payout ratio is presently 32.62%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RS. JPMorgan Chase & Co. boosted their target price on shares of Reliance from $345.00 to $378.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. The Goldman Sachs Group began coverage on shares of Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price on the stock. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, KeyCorp boosted their target price 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. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $357.83.

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.