DJE Kapital AG Takes Position in Reliance, Inc. $RS

DJE Kapital AG acquired a new stake in shares of Reliance, Inc. (NYSE:RS) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 16,905 shares of the industrial products company’s stock, valued at approximately $5,138,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Wealth Partners LLC acquired a new position in Reliance in the 4th quarter worth about $28,000. Costello Asset Management INC bought a new position in Reliance in the first quarter valued at about $30,000. Brown Brothers Harriman & Co. boosted its stake in shares of 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 purchasing an additional 50 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Reliance during the fourth quarter valued at about $32,000. Finally, Quarry LP bought a new stake in shares of Reliance during the third quarter worth about $32,000. Institutional investors own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RS shares. Wells Fargo & Company lowered their price objective on Reliance from $376.00 to $372.00 and set an “equal weight” rating for the company in a research note on Thursday, July 9th. Seaport Research Partners lifted their target price on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. KeyCorp boosted their target price on shares of Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. BMO Capital Markets upped their price target 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. Finally, Bank of America cut shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target for the company. in a research report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $363.50.

Reliance Trading Down 3.1%

NYSE:RS opened at $383.49 on Tuesday. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $419.83. 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’s fifty day moving average is $384.70 and its 200-day moving average is $344.99. The firm has a market cap of $19.58 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.22 and a beta of 0.97.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the business posted $3.77 EPS. The business’s 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. Equities analysts expect that Reliance, Inc. will post 19.18 earnings per share for the current year.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance 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 directly owned 16,840 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.

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.