Andra AP fonden Has $1.50 Million Stock Holdings in Reliance, Inc. $RS

Andra AP fonden lowered its position in shares of Reliance, Inc. (NYSE:RS) by 87.0% in the first quarter, Holdings Channel reports. The firm owned 4,942 shares of the industrial products company’s stock after selling 33,218 shares during the period. Andra AP fonden’s holdings in Reliance were worth $1,502,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in Reliance by 24.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock worth $7,015,000 after acquiring an additional 4,817 shares during the period. ProCore Advisors LLC acquired a new stake in Reliance in the 4th quarter worth about $18,787,000. Arjuna Capital bought a new stake in Reliance in the 4th quarter valued at about $1,838,000. PFA Pension Forsikringsaktieselskab bought a new stake in Reliance in the 4th quarter valued at about $61,317,000. Finally, Fulcrum Wealth Advisors LLC acquired a new position in shares of Reliance during the 4th quarter worth approximately $2,529,000. Institutional investors own 79.26% of the company’s stock.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance beat Q2 earnings and revenue estimates, with non-GAAP EPS of $6.27 and revenue of $4.63 billion, both above Wall Street expectations. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Record quarterly tons sold, stronger pricing, and improving customer demand across end markets pointed to healthier operating trends. RS Q2 Earnings Beat Estimates on Record Shipments and Pricing
• Positive Sentiment: Management issued strong Q3 EPS guidance of $6.40 to $6.60, well above the consensus estimate, signaling confidence that earnings strength can continue. Reliance, Inc. Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Wells Fargo raised its price target on Reliance to $398 from $372 while keeping an equal-weight rating, reflecting a more constructive but still cautious stance. Benzinga / Tickerreport coverage of Wells Fargo target hike
• Neutral Sentiment: Reliance also declared a quarterly dividend of $1.25 per share, which supports the stock’s income appeal but is not a major near-term growth catalyst. MarketBeat RS overview

Reliance Stock Performance

Reliance stock opened at $394.39 on Friday. The stock has a market cap of $20.13 billion, a PE ratio of 22.93, a P/E/G ratio of 1.19 and a beta of 0.97. 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 business’s 50-day moving average price is $386.00 and its two-hundred day moving average price is $347.02. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $419.83.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating the consensus estimate of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.60%. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the firm earned $4.43 EPS. The firm’s revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, analysts expect that Reliance, Inc. will post 19.24 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s dividend payout ratio is presently 32.62%.

Insider Transactions at Reliance

In other Reliance 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

RS has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on Reliance from $372.00 to $398.00 and gave the stock an “equal weight” rating in a research report on Thursday. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. The Goldman Sachs Group assumed coverage on Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price on the stock. KeyCorp raised their price target on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, BMO Capital Markets raised their target price 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. 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. Based on data from MarketBeat, Reliance currently has a consensus rating of “Hold” and a consensus target price of $367.83.

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.