Reliance, Inc. $RS Shares Sold by SRB Corp

SRB Corp lessened its holdings in Reliance, Inc. (NYSE:RS) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,976 shares of the industrial products company’s stock after selling 2,255 shares during the quarter. Reliance makes up about 1.8% of SRB Corp’s holdings, making the stock its 20th largest position. SRB Corp owned 0.19% of Reliance worth $29,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Reliance during the 1st quarter worth about $7,598,000. Compound Planning Inc. increased its holdings in shares of Reliance by 5.8% in the 1st quarter. Compound Planning Inc. now owns 1,136 shares of the industrial products company’s stock valued at $345,000 after acquiring an additional 62 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Reliance by 6.7% in the 1st quarter. Sei Investments Co. now owns 35,287 shares of the industrial products company’s stock valued at $10,725,000 after acquiring an additional 2,229 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Reliance by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 13,039 shares of the industrial products company’s stock valued at $3,963,000 after acquiring an additional 907 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in shares of Reliance by 2.1% during the 1st quarter. First Citizens Bank & Trust Co. now owns 2,078 shares of the industrial products company’s stock worth $632,000 after acquiring an additional 42 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Stock Up 3.2%

Reliance stock opened at $408.04 on Friday. The company has a market capitalization of $20.83 billion, a P/E ratio of 23.72, a PEG ratio of 1.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.24 and a current ratio of 4.30. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $419.83. The stock has a 50-day simple moving average of $386.93 and a 200-day simple moving average of $347.45.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the business posted $4.43 EPS. The firm’s quarterly 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. Equities research analysts expect that Reliance, Inc. will post 19.24 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s payout ratio is presently 29.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group initiated coverage on Reliance in a research note on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price for the company. Bank of America cut shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective on the stock. in a report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price objective on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. BMO Capital Markets upped 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. Finally, Seaport Research Partners upped their target price on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Two equities research 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. Based on data from MarketBeat, Reliance presently has a consensus rating of “Hold” and a consensus price target of $367.83.

Insider Activity at Reliance

In related news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Key Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance reported Q2 earnings per share of $6.27, ahead of estimates and above management’s prior guidance, while revenue rose 26.5% year over year to $4.63 billion. Article Title
• Positive Sentiment: The company said record quarterly tons sold, stronger customer activity, and firm pricing supported results, with the U.S. border wall project contributing more than expected to earnings. Article Title
• Positive Sentiment: Management issued upbeat Q3 guidance of $6.40 to $6.60 per share, signaling continued momentum after the strong quarter. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Reliance to $398 from $372 but kept an “equal weight” rating, suggesting improved expectations without a major change in stance. Article Title
• Neutral Sentiment: The company also announced a quarterly dividend of $1.25 per share, reinforcing shareholder returns but not changing the core operating story. Article Title

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.