SG Americas Securities LLC Boosts Stock Holdings in Reliance, Inc. $RS

SG Americas Securities LLC increased its position in shares of Reliance, Inc. (NYSE:RS) by 30.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,533 shares of the industrial products company’s stock after buying an additional 1,523 shares during the quarter. SG Americas Securities LLC’s holdings in Reliance were worth $1,986,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. raised its position in shares of Reliance by 1.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock worth $588,000 after acquiring an additional 35 shares during the period. Kathmere Capital Management LLC raised its holdings in Reliance by 4.9% in the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 37 shares during the period. Choreo LLC raised its holdings in Reliance by 2.9% in the 3rd quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock worth $383,000 after purchasing an additional 39 shares during the period. GAMMA Investing LLC boosted its position in Reliance by 4.4% during the fourth quarter. GAMMA Investing LLC now owns 965 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 41 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Reliance by 1.5% in the third quarter. Fisher Asset Management LLC now owns 2,935 shares of the industrial products company’s stock valued at $824,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Transactions at Reliance

In other Reliance 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 transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. KeyCorp increased their price objective on shares of Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Bank of America lowered shares of 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. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group assumed coverage on Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Reliance presently has a consensus rating of “Hold” and a consensus target price of $364.50.

Reliance Stock Performance

RS opened at $372.42 on Thursday. Reliance, Inc. has a twelve month low of $260.31 and a twelve month high of $419.83. The firm has a market capitalization of $19.01 billion, a PE ratio of 24.29, a PEG ratio of 1.15 and a beta of 0.97. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average price is $378.73 and its 200 day moving average price is $336.65.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.53. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, sell-side analysts expect that Reliance, Inc. will post 19.26 EPS for the current fiscal year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $1.25 dividend. The ex-dividend date of this dividend was 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 is currently 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.