PensionDanmark Pensionsforsikringsaktieselskab Boosts Stock Position in Reliance, Inc. $RS

PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Reliance, Inc. (NYSE:RS) by 542.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,766 shares of the industrial products company’s stock after acquiring an additional 8,246 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Reliance were worth $3,649,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Costello Asset Management INC purchased a new stake in Reliance during the 1st quarter worth about $30,000. Brown Brothers Harriman & Co. boosted its stake in Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the period. Quarry LP purchased a new position in Reliance during the 3rd quarter valued at about $32,000. Greenline Wealth Management LLC purchased a new position in Reliance during the 4th quarter valued at about $32,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after buying an additional 55 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the sale, the chief financial officer directly owned 14,640 shares in the company, valued at $6,004,010.40. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William A. Smith II sold 2,353 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total transaction of $974,636.13. Following the completion of the transaction, the senior vice president directly owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. This represents a 10.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.40% of the company’s stock.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Broad upward revisions to 2026–2027 earnings: Zacks Research raised its FY2026 EPS estimate to $22.57 from $18.07, FY2027 to $21.24 from $18.44, Q3 2026 to $6.50 from $4.14, and Q4 2026 to $4.64 from $3.61. Estimates for Q3 and Q4 2027 were also increased. These revisions suggest stronger expected profitability for Reliance’s industrial-products business. Reliance analyst estimate revisions
• Positive Sentiment: Analyst conviction remains strong: Despite mixed revisions, Zacks maintained a “Strong-Buy” rating. The estimate increases are particularly notable after Reliance’s latest quarterly report exceeded expectations, with EPS of $6.27 versus the $5.47 consensus and revenue of $4.63 billion versus the $4.26 billion estimate. Reliance earnings and analyst rating
• Neutral Sentiment: Some estimates were revised only modestly: Zacks lifted its Q2 2027 EPS forecast to $5.48 from $5.41 and raised its Q1 2027 forecast to $5.09 from $4.97. These changes provide limited incremental impact on valuation.
• Neutral Sentiment: Several similarly named businesses are unrelated to RS: Reports on Reliance Power’s quarterly results and Reliance Digital’s promotional sale concern Indian companies or businesses, not Reliance, Inc. Therefore, they should not materially affect NYSE-listed RS. Reliance Power report Reliance Digital sale
• Negative Sentiment: Longer-term earnings forecasts were reduced: Zacks cut Q1 2028 EPS to $4.45 from $5.20, Q2 2028 to $4.66 from $5.47, and FY2028 to $18.09 from $19.32. The reductions indicate some concern about earnings normalization beyond 2027 and could limit further upside if investors focus on longer-term valuation.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on RS. Wall Street Zen raised shares of Reliance from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. BMO Capital Markets upped their target price on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Wells Fargo & Company increased their target price on shares of Reliance from $372.00 to $398.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $378.67.

Reliance Price Performance

Shares of NYSE RS opened at $424.21 on Monday. The stock’s 50-day simple moving average is $395.49 and its two-hundred day simple moving average is $354.78. Reliance, Inc. has a twelve month low of $260.31 and a twelve month high of $424.77. The firm has a market capitalization of $21.66 billion, a P/E ratio of 24.66, a P/E/G ratio of 1.09 and a beta of 0.96. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the company posted $4.43 EPS. The company’s revenue for the quarter was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts anticipate that Reliance, Inc. will post 22.23 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s dividend payout ratio (DPR) is currently 29.07%.

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.