Boston Partners Sells 59,663 Shares of Reliance, Inc. $RS

Boston Partners reduced its holdings in shares of Reliance, Inc. (NYSE:RS) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,187,940 shares of the industrial products company’s stock after selling 59,663 shares during the period. Boston Partners’ holdings in Reliance were worth $633,341,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp grew its stake in shares of Reliance by 6.8% during the 3rd quarter. State Street Corp now owns 2,597,755 shares of the industrial products company’s stock worth $729,528,000 after acquiring an additional 166,214 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Reliance by 25.2% in 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 buying an additional 343,598 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Reliance by 4.8% in the third quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company’s stock valued at $320,863,000 after buying an additional 51,894 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Reliance by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company’s stock valued at $270,349,000 after buying an additional 2,549 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Reliance by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 735,212 shares of the industrial products company’s stock valued at $212,390,000 after buying an additional 55,344 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RS has been the subject of several analyst reports. Seaport Research Partners raised their target price on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. KeyCorp raised their target price on shares of Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. raised their target price on shares of Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a research note on Wednesday. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Finally, Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $357.83.

Reliance Stock Performance

Reliance stock opened at $413.65 on Friday. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $417.25. 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 $359.01 and its two-hundred day moving average price is $326.13. The stock has a market cap of $21.12 billion, a PE ratio of 26.98, a P/E/G ratio of 1.27 and a beta of 0.95.

Reliance (NYSE:RS) last released its 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 for the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the business posted $3.77 earnings per share. The business’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. As a group, analysts expect that Reliance, Inc. will post 18.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

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

Insider Buying and Selling at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of the business’s 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 in the company, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.