Forsta AP Fonden Takes Position in Reliance, Inc. $RS

Forsta AP Fonden acquired a new stake in shares of Reliance, Inc. (NYSE:RS) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 7,000 shares of the industrial products company’s stock, valued at approximately $2,022,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RS. Elevation Wealth Partners LLC purchased a new stake in shares of Reliance during the 4th quarter valued at $28,000. Quarry LP purchased a new stake in shares of Reliance during the 3rd quarter valued at $32,000. Guerra Advisors Inc purchased a new stake in shares of Reliance during the 3rd quarter valued at $34,000. Elyxium Wealth LLC purchased a new stake in shares of Reliance during the 4th quarter valued at $36,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Reliance during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RS. Seaport Research Partners increased their price objective on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. increased their price objective on Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wells Fargo & Company upped their target price on Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Bank of America downgraded Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $344.67.

Insider Transactions at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of Reliance stock in a transaction dated 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 trade represents a 23.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.

Reliance Price Performance

NYSE RS opened at $392.25 on Wednesday. The stock’s fifty day moving average price is $341.00 and its 200 day moving average price is $318.33. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.19 and a beta of 0.95. 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 $394.62.

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

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid 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 1.3%. Reliance’s dividend payout ratio (DPR) is presently 32.62%.

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.