Reliance, Inc. $RS Shares Sold by National Pension Service

National Pension Service reduced its holdings in Reliance, Inc. (NYSE:RS) by 37.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,924 shares of the industrial products company’s stock after selling 3,571 shares during the period. National Pension Service’s holdings in Reliance were worth $2,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of RS. XXEC Inc. acquired a new stake in Reliance in the 2nd quarter valued at about $127,493,000. California State Teachers Retirement System grew its position in shares of Reliance by 20,857.7% in the second quarter. California State Teachers Retirement System now owns 32,965,343 shares of the industrial products company’s stock valued at $12,315,852,000 after purchasing an additional 32,808,048 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Reliance in the second quarter valued at approximately $2,171,081,000. State Street Corp increased its holdings in shares of Reliance by 4.5% in the fourth quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock valued at $784,503,000 after purchasing an additional 118,009 shares during the last quarter. Finally, Boston Partners lifted its position in Reliance by 27.5% during the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock worth $631,224,000 after buying an additional 484,286 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on RS shares. Wells Fargo & Company dropped their target price on Reliance from $398.00 to $391.00 and set an “equal weight” rating for the company in a report on Monday, August 24th. Wall Street Zen cut shares of Reliance from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 31st. BMO Capital Markets boosted their target price on shares of Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Weiss Ratings restated a “buy (b-)” rating on shares of Reliance in a report on Thursday, August 13th. Finally, KeyCorp upped their price objective on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $379.83.

Insiders Place Their Bets

In related news, CFO Arthur Ajemyan sold 2,200 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the sale, the chief financial officer owned 14,640 shares in the company, valued at approximately $6,004,010.40. The trade was a 13.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William Smith, II sold 2,353 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the sale, the senior vice president owned 19,394 shares in the company, valued at $8,033,188.74. This represents a 10.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.40% of the company’s stock.

Reliance Stock Performance

Shares of RS stock opened at $393.90 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30. The firm has a market cap of $20.11 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.00 and a beta of 0.96. The firm’s 50 day moving average price is $399.24 and its 200-day moving average price is $366.20. Reliance, Inc. has a one year low of $260.31 and a one year high of $433.02.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.80. The firm had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts predict that Reliance, Inc. will post 22.53 EPS for the current year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. Reliance’s dividend payout ratio (DPR) is currently 29.07%.

Reliance Company Profile

Reliance, Inc (NYSE: RS) is a diversified metals service center company that purchases, processes and distributes metals and related industrial products. Its product portfolio includes carbon steel, aluminum, stainless steel, copper, brass, titanium and other specialty metals.

The company provides value-added processing services such as cutting, leveling, sawing, machining, forming and preparing materials to customer specifications. These services help manufacturers and other commercial users reduce material-handling requirements and obtain metals in ready-to-use forms.

Founded in 1939 and headquartered in Los Angeles, California, Reliance serves customers through a network of operations primarily across North America, with additional international capabilities.