Sei Investments Co. Has $10.72 Million Holdings in Reliance, Inc. $RS

Sei Investments Co. grew its stake in Reliance, Inc. (NYSE:RS) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,287 shares of the industrial products company’s stock after acquiring an additional 2,229 shares during the period. Sei Investments Co.’s holdings in Reliance were worth $10,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of Reliance by 4.5% during 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. Boston Partners increased its holdings in shares of Reliance by 27.5% in the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after purchasing an additional 484,286 shares in the last quarter. Wellington Management Group LLP raised its position in Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock worth $479,870,000 after purchasing an additional 343,598 shares during the last quarter. Geode Capital Management LLC raised its position in Reliance by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company’s stock worth $270,349,000 after purchasing an additional 2,549 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Reliance by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 735,212 shares of the industrial products company’s stock worth $212,390,000 after buying an additional 55,344 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Price Performance

RS opened at $406.98 on Friday. The company has a fifty day moving average price of $391.33 and a two-hundred day moving average price of $351.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $419.83. The firm has a market capitalization of $20.78 billion, a PE ratio of 23.66, a P/E/G ratio of 1.14 and a beta of 0.97.

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

Reliance Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have commented on RS. Seaport Research Partners increased their price objective on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. BMO Capital Markets boosted their target price on Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Bank of America lowered Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective for the company. in a research report on Thursday, April 30th. Finally, Citigroup reiterated a “neutral” rating on shares of Reliance in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $378.67.

Insiders Place Their Bets

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

Reliance Company 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.