Reliance, Inc. $RS Shares Sold by UBS Group AG

UBS Group AG reduced its position in Reliance, Inc. (NYSE:RS) by 39.7% in the 4th quarter, Holdings Channel reports. The firm owned 73,260 shares of the industrial products company’s stock after selling 48,160 shares during the period. UBS Group AG’s holdings in Reliance were worth $21,163,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Viewpoint Investment Partners Corp purchased a new stake in Reliance in the fourth quarter valued at approximately $202,000. Sanctuary Advisors LLC raised its position in Reliance by 5.6% in the 4th quarter. Sanctuary Advisors LLC now owns 2,681 shares of the industrial products company’s stock valued at $774,000 after purchasing an additional 143 shares during the last quarter. Quent Long Short Global Small Cap Fund LP purchased a new stake in Reliance in the 4th quarter valued at $272,000. KLP Kapitalforvaltning AS boosted its stake in Reliance by 66.2% during the 4th quarter. KLP Kapitalforvaltning AS now owns 76,280 shares of the industrial products company’s stock worth $22,035,000 after purchasing an additional 30,380 shares during the period. Finally, Seeds Investor LLC boosted its stake in Reliance by 24.8% during the 4th quarter. Seeds Investor LLC now owns 966 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 192 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on RS. KeyCorp upped their target price on shares of Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Bank of America lowered Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target on the stock. in a report on Thursday, April 30th. Weiss Ratings upgraded Reliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their price objective on Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. increased their price objective on Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $344.67.

Insiders Place Their Bets

In other Reliance news, SVP William A. Smith II sold 6,615 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the transaction, the senior vice president owned 21,747 shares in the company, valued at approximately $6,493,871.67. The trade was a 23.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Arthur Ajemyan sold 3,500 shares of the 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 transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,175 shares of company stock worth $10,966,902. Company insiders own 0.40% of the company’s stock.

Reliance Stock Down 0.2%

Shares of Reliance stock opened at $368.50 on Tuesday. Reliance, Inc. has a one year low of $260.31 and a one year high of $381.00. The company has a market cap of $18.81 billion, a P/E ratio of 24.04, a PEG ratio of 1.14 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 firm has a fifty day moving average of $321.84 and a two-hundred day moving average of $308.62.

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, beating the consensus estimate of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm earned $3.77 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, analysts forecast that Reliance, Inc. will post 18.98 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. Reliance’s payout ratio is currently 32.62%.

About Reliance

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.