SG Americas Securities LLC Raises Stock Position in Reliance, Inc. $RS

SG Americas Securities LLC lifted its position in Reliance, Inc. (NYSE:RS) by 30.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,533 shares of the industrial products company’s stock after purchasing an additional 1,523 shares during the period. SG Americas Securities LLC’s holdings in Reliance were worth $1,986,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Reliance during the fourth quarter valued at $207,691,000. Alliancebernstein L.P. increased its position in Reliance by 899.4% during the 3rd quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock valued at $205,997,000 after purchasing an additional 660,128 shares during the period. Boston Partners raised its holdings in shares of Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after purchasing an additional 484,286 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Reliance by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after purchasing an additional 343,598 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in Reliance by 1,019.0% during the fourth quarter. Corient Private Wealth LLC now owns 341,874 shares of the industrial products company’s stock worth $98,758,000 after buying an additional 311,323 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Stock Down 0.3%

Shares of RS stock opened at $372.42 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $419.83. The firm has a market capitalization of $19.01 billion, a PE ratio of 24.29, a P/E/G ratio of 1.15 and a beta of 0.97. The stock’s 50-day simple moving average is $378.73 and its 200-day simple moving average is $336.65.

Reliance (NYSE:RS) last issued its 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. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the firm earned $3.77 earnings per share. Reliance’s revenue for the quarter was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Equities analysts expect that Reliance, Inc. will post 19.26 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors 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 1.3%. Reliance’s payout ratio is currently 32.62%.

Analyst Ratings Changes

Several research firms have issued reports on RS. The Goldman Sachs Group started coverage on Reliance in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price on the stock. BMO Capital Markets increased their target price on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective for the company. in a research report on Thursday, April 30th. Finally, Seaport Research Partners upped their target price on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Reliance presently has a consensus rating of “Hold” and an average target price of $364.50.

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 stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the sale, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

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.