Sei Investments Co. Purchases 2,229 Shares of Reliance, Inc. $RS

Sei Investments Co. lifted its position in shares of Reliance, Inc. (NYSE:RS) by 6.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,287 shares of the industrial products company’s stock after purchasing an additional 2,229 shares during the quarter. Sei Investments Co. owned approximately 0.07% of Reliance worth $10,725,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. ProCore Advisors LLC bought a new stake in Reliance in the fourth quarter valued at about $18,787,000. Arjuna Capital bought a new position in Reliance during the fourth quarter worth about $1,838,000. PFA Pension Forsikringsaktieselskab bought a new position in Reliance during the fourth quarter worth about $61,317,000. Forsta AP Fonden acquired a new stake in Reliance during the fourth quarter valued at approximately $2,022,000. Finally, Fulcrum Wealth Advisors LLC acquired a new stake in Reliance during the fourth quarter valued at approximately $2,529,000. 79.26% of the stock is currently owned by institutional investors.

Insider Transactions at Reliance

In other Reliance news, SVP William A. Smith II sold 2,353 shares of Reliance stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the transaction, the senior vice president owned 19,394 shares in the company, valued at approximately $8,033,188.74. The trade was a 10.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RS shares. Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a report on Thursday, April 30th. Wall Street Zen raised Reliance from a “buy” rating to a “strong-buy” rating in a research note on Saturday. BMO Capital Markets upped their price target on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Seaport Research Partners upped their price target on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, KeyCorp increased their price objective on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Reliance presently has an average rating of “Hold” and an average target price of $378.67.

Reliance Stock Performance

NYSE RS opened at $406.98 on Friday. The firm has a market cap of $20.78 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 1.14 and a beta of 0.97. The company has a 50 day moving average of $391.33 and a 200-day moving average of $351.05. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22. Reliance, Inc. has a 1-year low of $260.31 and a 1-year high of $419.83.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. Reliance’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Reliance, Inc. will post 20.37 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s dividend payout ratio (DPR) is currently 29.07%.

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.