210,344 Shares in Reliance, Inc. $RS Acquired by PFA Pension Forsikringsaktieselskab

PFA Pension Forsikringsaktieselskab purchased a new position in shares of Reliance, Inc. (NYSE:RS) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 210,344 shares of the industrial products company’s stock, valued at approximately $61,317,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Foundations Investment Advisors LLC bought a new position in Reliance during the 3rd quarter valued at approximately $1,576,000. CWA Asset Management Group LLC purchased a new stake in Reliance during the 4th quarter valued at $10,297,000. Principal Financial Group Inc. raised its stake in 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 buying an additional 30,765 shares during the last quarter. Assenagon Asset Management S.A. grew 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 acquiring an additional 4,817 shares during the period. Finally, Canada Post Corp Registered Pension Plan bought a new stake in shares of Reliance during the 3rd quarter valued at $873,000. 79.26% of the stock is owned by institutional investors.

Insider Transactions at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer directly owned 16,840 shares in the company, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William A. Smith II sold 6,615 shares of the company’s stock in a transaction that occurred 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 owned 21,747 shares in the company, valued at approximately $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 34,175 shares of company stock worth $10,966,902. 0.40% of the stock is currently owned by insiders.

Reliance Stock Performance

Shares of RS stock opened at $366.29 on Friday. The firm’s 50 day moving average price is $316.50 and its 200-day moving average price is $304.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. Reliance, Inc. has a one year low of $260.31 and a one year high of $368.22. The firm has a market cap of $18.70 billion, a P/E ratio of 23.89, a P/E/G ratio of 1.26 and a beta of 0.95.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business posted $3.77 EPS. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. 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 18.7 EPS for the current year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. Reliance’s dividend payout ratio is currently 32.62%.

Analyst Upgrades and Downgrades

RS has been the topic of a number of recent analyst reports. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. BMO Capital Markets lifted their target price on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. The Goldman Sachs Group initiated coverage on shares of Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price target on the stock. Bank of America cut shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective for the company. in a research note on Thursday. Finally, KeyCorp boosted their target price on shares of Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Reliance currently has a consensus rating of “Hold” and an average price target of $344.67.

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.