Reliance, Inc. $RS Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in Reliance, Inc. (NYSE:RS) by 71.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,065 shares of the industrial products company’s stock after purchasing an additional 17,562 shares during the period. Intech Investment Management LLC’s holdings in Reliance were worth $12,151,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in RS. Royal Bank of Canada raised its position in shares of Reliance by 6.6% in the 1st quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after purchasing an additional 940 shares in the last quarter. Empowered Funds LLC raised its position in shares of Reliance by 4.8% in the 1st quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock valued at $1,635,000 after purchasing an additional 258 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Reliance by 99.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 131 shares in the last quarter. Walleye Capital LLC raised its position in shares of Reliance by 2,192.5% in the 2nd quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Reliance in the 2nd quarter valued at approximately $1,318,000. 79.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group initiated coverage on Reliance in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price on the stock. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company upped their price target on Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Seaport Research Partners upped their price target on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. upped their price target on Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. 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. According to MarketBeat.com, Reliance has a consensus rating of “Hold” and an average price target of $344.67.

Reliance Stock Performance

RS stock opened at $381.37 on Friday. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The firm has a market cap of $19.47 billion, a P/E ratio of 24.88, a P/E/G ratio of 1.17 and a beta of 0.95. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $386.39. The stock’s 50 day simple moving average is $339.22 and its 200 day simple moving average is $317.22.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.53. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, equities research analysts predict that Reliance, Inc. will post 18.98 EPS for the current year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, May 22nd. Reliance’s dividend payout ratio is presently 32.62%.

Insiders Place Their Bets

In related news, SVP William A. Smith II sold 6,615 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the transaction, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by corporate insiders.

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.