Nykredit A S Makes New $6.52 Million Investment in Reliance, Inc. $RS

Nykredit A S bought a new position in Reliance, Inc. (NYSE:RS) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 17,457 shares of the industrial products company’s stock, valued at approximately $6,522,000.

Other large investors have also bought and sold shares of the company. XXEC Inc. purchased a new position in shares of Reliance in the second quarter worth $127,493,000. BlackRock Inc. purchased a new position in shares of Reliance in the 2nd quarter valued at approximately $2,171,081,000. State Street Corp lifted its position in Reliance by 4.5% during the fourth quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock valued at $784,503,000 after buying an additional 118,009 shares during the period. Boston Partners lifted its position in Reliance by 27.5% during the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after acquiring an additional 484,286 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after purchasing an additional 343,598 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RS shares. BMO Capital Markets upped their price target on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. KeyCorp raised their price target on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Citigroup restated a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. Wall Street Zen lowered Reliance from a “strong-buy” rating to a “buy” rating in a report on Monday, August 31st. Finally, Zacks Research upgraded shares of Reliance from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $377.50.

Reliance Trading Up 0.2%

RS stock opened at $401.15 on Monday. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $433.02. The firm has a market cap of $20.48 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. The firm has a fifty day moving average price of $396.94 and a 200 day moving average price of $363.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period in the previous year, the firm posted $4.43 EPS. The business’s quarterly revenue was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Reliance, Inc. will post 22.23 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $1.25 per share. The ex-dividend date was Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Reliance’s payout ratio is 29.07%.

Insider Activity

In related news, SVP William Smith, II sold 2,353 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the transaction, the senior vice president directly owned 19,394 shares in the company, valued at approximately $8,033,188.74. This represents a 10.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Arthur Ajemyan sold 2,200 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $410.11, for a total value of $902,242.00. Following the transaction, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their position. The SEC filing for this sale provides additional information. Corporate 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.