Quantbot Technologies LP Invests $4.05 Million in Reliance, Inc. $RS

Quantbot Technologies LP acquired a new stake in Reliance, Inc. (NYSE:RS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,411 shares of the industrial products company’s stock, valued at approximately $4,047,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Masso Torrence Wealth Management Inc. grew its stake in Reliance by 3.3% in the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock worth $322,000 after acquiring an additional 37 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Reliance by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 38 shares during the last quarter. Choreo LLC grew its position in shares of Reliance by 2.9% in the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock valued at $383,000 after purchasing an additional 39 shares during the period. Stonegate Investment Group LLC grew its position in shares of Reliance by 5.0% in the third quarter. Stonegate Investment Group LLC now owns 836 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 40 shares during the period. Finally, HB Wealth Management LLC increased its stake in Reliance by 3.2% in the third quarter. HB Wealth Management LLC now owns 1,381 shares of the industrial products company’s stock valued at $388,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Stock Down 0.3%

RS opened at $315.25 on Monday. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $365.59. The firm has a 50 day moving average price of $320.25 and a 200 day moving average price of $296.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. The company has a market cap of $16.48 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92.

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

Reliance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a dividend of $1.25 per share. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date is Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Reliance’s payout ratio is 35.79%.

Insider Buying and Selling at Reliance

In other news, COO Stephen Paul Koch sold 24,060 shares of the business’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 sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on RS shares. Wall Street Zen lowered Reliance from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Wells Fargo & Company raised their target price on shares of Reliance from $287.00 to $315.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. downgraded shares of Reliance from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $340.00 to $330.00 in a report on Friday, February 20th. Finally, Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $321.67.

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.