2,828 Shares in Reliance, Inc. $RS Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd purchased a new position in shares of Reliance, Inc. (NYSE:RS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,828 shares of the industrial products company’s stock, valued at approximately $817,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC increased its stake in Reliance by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after buying an additional 37 shares during the period. Choreo LLC increased its stake in Reliance by 2.9% during the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock worth $383,000 after buying an additional 39 shares during the period. Stonegate Investment Group LLC grew its holdings in Reliance by 5.0% during the 3rd quarter. Stonegate Investment Group LLC now owns 836 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 40 shares in the last quarter. GAMMA Investing LLC grew its holdings in Reliance by 4.4% during the 4th quarter. GAMMA Investing LLC now owns 965 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 41 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in Reliance by 3.2% during the 3rd quarter. HB Wealth Management LLC now owns 1,381 shares of the industrial products company’s stock worth $388,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Insider Activity

In other news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 34,175 shares of company stock valued at $10,966,902. Company insiders own 0.40% of the company’s stock.

Reliance Price Performance

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

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating 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 business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business posted $3.77 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, research analysts anticipate that Reliance, Inc. will post 18.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Reliance’s payout ratio is 32.62%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RS. Seaport Research Partners raised their price objective on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. The Goldman Sachs Group began coverage on shares of Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Reliance from $323.00 to $330.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Reliance currently has a consensus rating of “Hold” and an average price target of $344.67.

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.