Arjuna Capital Takes Position in Reliance, Inc. $RS

Arjuna Capital purchased a new stake in shares of Reliance, Inc. (NYSE:RS) in the 4th quarter, Holdings Channel reports. The fund purchased 6,363 shares of the industrial products company’s stock, valued at approximately $1,838,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new stake in Reliance during the 3rd quarter valued at $1,576,000. CWA Asset Management Group LLC purchased a new stake in shares of Reliance during the 4th quarter valued at about $10,297,000. Principal Financial Group Inc. increased its position in shares of Reliance by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock valued at $212,243,000 after purchasing an additional 30,765 shares during the last quarter. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Reliance during the 3rd quarter valued at about $873,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Reliance by 24.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock valued at $7,015,000 after purchasing an additional 4,817 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RS shares. Bank of America lowered shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target for the company. in a research report on Thursday, April 30th. BMO Capital Markets upped their price objective on Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. KeyCorp upped their price objective on Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, The Goldman Sachs Group assumed coverage on shares of Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $344.67.

Insider Activity

In other news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the transaction, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the transaction, the senior vice president owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. The trade was a 23.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,175 shares of company stock worth $10,966,902 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Reliance Trading Down 1.8%

Shares of RS opened at $361.35 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $381.00. The company has a 50 day simple moving average of $325.73 and a two-hundred day simple moving average of $310.90. The firm has a market cap of $18.45 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.14 and a beta of 0.95.

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

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $1.25 per share. The ex-dividend date is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Reliance’s dividend payout ratio (DPR) is presently 32.62%.

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.