Russell Investments Group Ltd. Has $32.21 Million Position in Reliance, Inc. $RS

Russell Investments Group Ltd. lessened its holdings in Reliance, Inc. (NYSE:RS) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,767 shares of the industrial products company’s stock after selling 11,501 shares during the period. Russell Investments Group Ltd.’s holdings in Reliance were worth $32,209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Guerra Advisors Inc acquired a new stake in Reliance during the third quarter valued at approximately $34,000. Root Financial Partners LLC bought a new stake in shares of Reliance in the 3rd quarter valued at approximately $38,000. Allworth Financial LP grew its stake in shares of Reliance by 46.3% in the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 44 shares during the period. Caldwell Trust Co acquired a new position in shares of Reliance in the 2nd quarter worth approximately $58,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Reliance by 31.4% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock worth $63,000 after buying an additional 48 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction, the senior vice president owned 21,747 shares of the company’s stock, valued at $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer owned 14,021 shares in the company, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.35% of the company’s stock.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance’s metals unit AMI Metals won large U.S. infrastructure and defense contracts (multi‑billion scope) to supply steel/aluminum for Southwest border projects and Lockheed Martin programs — this supports near‑term revenue visibility for RS’s processing/supply franchises. RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
• Positive Sentiment: The company recently increased its quarterly dividend (from $1.20 to $1.25), raising the annualized payout to $5.00 — a cash‑return signal that can support investor sentiment and income demand for the stock. Reliance Price Performance / Dividend Note
• Neutral Sentiment: Multiple analyst notes are mixed: some firms trimmed ratings/targets while others raised or reiterated targets — the consensus remains a “Hold” with an average target near $324, leaving room but no strong catalyst from upgrades alone. Reliance Inc. (RS) sees optimism from analysts
• Neutral Sentiment: Several widely circulated Indian news stories report the Enforcement Directorate attaching assets worth Rs 581 crore in a case involving Anil Ambani’s Reliance group. Those headlines refer to a different corporate group (Anil Ambani’s Reliance) and are unrelated to Reliance Steel & Aluminum Co. (RS), but the name overlap can create short‑term confusion and headline‑driven volatility. ED attaches assets worth Rs 581 cr belonging to Anil Ambani-led Reliance firms
• Negative Sentiment: An insider (SVP William Smith II) sold 6,615 shares recently; while insider sales can be routine, the disclosed sale added to near‑term selling pressure. SEC Form 4 – Insider Sale
• Negative Sentiment: Last reported quarter showed an EPS miss (reported $2.40 vs. ~$2.80 consensus) despite ~12% revenue growth; that earnings shortfall remains a near‑term concern until margin recovery or upside execution becomes evident. Guidance for Q1 was provided (4.50–4.70 EPS) — monitor upcoming results vs. expectations. Reliance earnings summary

Reliance Price Performance

Shares of RS stock opened at $299.57 on Friday. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $365.59. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $323.45 and its 200-day moving average is $297.40. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.17 and a beta of 0.91.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a net margin of 5.17% and a return on equity of 10.45%. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same period in the prior year, the business earned $2.22 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Sell-side analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $1.25 dividend. This is an increase from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Reliance’s payout ratio is 35.79%.

Analysts Set New Price Targets

Several analysts recently commented on RS shares. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wells Fargo & Company increased their price objective on Reliance from $315.00 to $323.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. KeyCorp reissued an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. Wall Street Zen downgraded shares of Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $324.33.

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.