Swiss National Bank Purchases 9,280 Shares of Reliance, Inc. $RS

Swiss National Bank boosted its position in Reliance, Inc. (NYSE:RS) by 6.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 153,420 shares of the industrial products company’s stock after purchasing an additional 9,280 shares during the quarter. Swiss National Bank’s holdings in Reliance were worth $46,627,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC bought a new position in shares of Reliance in the first quarter worth $30,000. Brown Brothers Harriman & Co. boosted its stake in Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares during the period. Greenline Wealth Management LLC bought a new stake in Reliance during the fourth quarter valued at $32,000. Quarry LP purchased a new position in Reliance during the third quarter worth about $32,000. Finally, Parkside Financial Bank & Trust grew its position in Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after buying an additional 55 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on RS shares. Wells Fargo & Company lowered their price target on Reliance from $376.00 to $372.00 and set an “equal weight” rating on the stock in a report on Thursday, July 9th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research note on Thursday, April 30th. Finally, 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. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $363.50.

Reliance Trading Up 0.7%

NYSE RS opened at $386.25 on Thursday. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $385.48 and its two-hundred day simple moving average is $346.33. Reliance, Inc. has a twelve month low of $260.31 and a twelve month high of $419.83. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.18 and a beta of 0.97.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Research analysts forecast that Reliance, Inc. will post 19.24 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares in the company, valued at $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 available through the SEC website. 0.40% of the stock is owned by insiders.

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.