Reliance, Inc. $RS Stake Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Reliance, Inc. (NYSE:RS) by 87,500.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,504 shares of the industrial products company’s stock after purchasing an additional 3,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Reliance were worth $1,065,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of Reliance during the first quarter worth $573,000. Root Financial Partners LLC grew its position in shares of Reliance by 27.6% during the 1st quarter. Root Financial Partners LLC now owns 185 shares of the industrial products company’s stock valued at $56,000 after buying an additional 40 shares during the last quarter. MQS Management LLC bought a new stake in shares of Reliance during the 1st quarter valued at about $576,000. Pictet Asset Management Holding SA grew its position in shares of Reliance by 135.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 50,052 shares of the industrial products company’s stock valued at $15,211,000 after buying an additional 28,793 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Reliance by 0.9% during the first quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock worth $1,209,000 after acquiring an additional 34 shares during the period. Institutional investors own 79.26% of the company’s stock.

Reliance Price Performance

Shares of NYSE:RS opened at $377.61 on Tuesday. The stock has a market cap of $19.28 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $419.83. The stock’s 50 day moving average price is $380.59 and its 200 day moving average price is $338.38.

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, beating analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the company posted $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. Equities research analysts anticipate that Reliance, Inc. will post 19.26 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s dividend payout ratio (DPR) is currently 32.62%.

Insider Transactions at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 16,840 shares in the company, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. 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 insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RS. Seaport Research Partners raised their target price on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Bank of America lowered Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on Reliance from $345.00 to $378.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Wells Fargo & Company boosted their price objective on Reliance from $343.00 to $376.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Two equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $364.50.

Reliance 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.