18,144 Shares in Reliance, Inc. $RS Bought by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new stake in Reliance, Inc. (NYSE:RS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,144 shares of the industrial products company’s stock, valued at approximately $5,095,000.

A number of other large investors have also recently added to or reduced their stakes in RS. Foundations Investment Advisors LLC acquired a new stake in shares of Reliance in the 3rd quarter valued at about $1,576,000. Principal Financial Group Inc. grew its stake in Reliance by 4.2% in the third quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after purchasing an additional 30,765 shares in the last quarter. First National Advisers LLC bought a new stake in Reliance in the third quarter valued at about $1,948,000. Canada Post Corp Registered Pension Plan bought a new stake in Reliance in the third quarter valued at about $873,000. Finally, Y Intercept Hong Kong Ltd raised its stake in Reliance by 293.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 34,946 shares of the industrial products company’s stock valued at $9,814,000 after buying an additional 26,055 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. BMO Capital Markets lowered Reliance from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $340.00 to $320.00 in a research report on Friday, February 20th. JPMorgan Chase & Co. cut Reliance from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $340.00 to $330.00 in a research note on Friday, February 20th. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Wall Street Zen lowered shares of Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $324.33.

Insider Buying and Selling at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the sale, the senior vice president directly owned 21,747 shares of the company’s stock, valued at $6,493,871.67. This trade represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the sale, the chief operating officer owned 14,021 shares in the company, valued at $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.35% of the stock is owned by company insiders.

Reliance Stock Performance

Shares of RS stock opened at $291.62 on Friday. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $322.78 and a two-hundred day moving average of $297.45. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $365.59. The company has a market cap of $15.09 billion, a P/E ratio of 20.87, a PEG ratio of 1.11 and a beta of 0.91.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.40). The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.45 billion. Reliance had a net margin of 5.17% and a return on equity of 10.45%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $2.22 earnings per share. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, March 6th. This is an increase from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio (DPR) is currently 35.79%.

Reliance Company 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.