First National Bank of Omaha Has $9.42 Million Position in Reliance, Inc. $RS

First National Bank of Omaha raised its holdings in Reliance, Inc. (NYSE:RS) by 13.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 32,612 shares of the industrial products company’s stock after acquiring an additional 3,970 shares during the quarter. First National Bank of Omaha’s holdings in Reliance were worth $9,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new stake in Reliance in the 4th quarter valued at $10,297,000. Assenagon Asset Management S.A. increased its stake in Reliance by 24.7% in 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 buying an additional 4,817 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Reliance by 49.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 342,796 shares of the industrial products company’s stock valued at $96,268,000 after buying an additional 113,378 shares during the last quarter. CenterBook Partners LP acquired a new stake in Reliance in the 3rd quarter valued at $3,293,000. Finally, ProCore Advisors LLC acquired a new stake in Reliance in the 4th quarter valued at $18,787,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RS. BMO Capital Markets boosted their price objective on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. Wells Fargo & Company boosted their price objective on shares of Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded shares of Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. The Goldman Sachs Group began coverage on shares of Reliance in a research note on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $357.83.

Reliance Stock Performance

Shares of RS stock opened at $413.65 on Friday. The company has a market capitalization of $21.12 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.27 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The company has a 50-day simple moving average of $359.01 and a 200 day simple moving average of $326.13. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $417.25.

Reliance (NYSE:RS) last announced its earnings results 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. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. Reliance’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts predict that Reliance, Inc. will post 18.98 earnings per share for the current year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. Reliance’s payout ratio is presently 32.62%.

Insider Activity at Reliance

In related 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 transaction of $1,253,420.00. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

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.