6,776 Reliance, Inc. $RS Shares Purchased by CenterBook Partners LP

CenterBook Partners LP increased its position in shares of Reliance, Inc. (NYSE:RS) by 297.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,057 shares of the industrial products company’s stock after purchasing an additional 6,776 shares during the quarter. CenterBook Partners LP’s holdings in Reliance were worth $3,485,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Reliance in the second quarter valued at $2,171,081,000. Bank of New York Mellon Corp acquired a new position in shares of Reliance during the 2nd quarter worth $176,913,000. William Blair Investment Management LLC acquired a new position in shares of Reliance during the 2nd quarter worth $142,900,000. Corient Private Wealth LP acquired a new position in shares of Reliance during the 2nd quarter worth $129,799,000. Finally, XXEC Inc. purchased a new stake in shares of Reliance in the 2nd quarter worth about $127,493,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Reliance

In related news, COO Stephen Koch sold 8,334 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total value of $3,590,870.58. Following the completion of the sale, the chief operating officer directly owned 8,209 shares in the company, valued at approximately $3,537,011.83. The trade was a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Zacks Research raised its earnings estimates for Reliance across several periods, including FY2026 to $26.86 per share from $22.57 and FY2027 to $24.29 from $21.24, while maintaining a Strong Buy rating. The revisions may support investor confidence in the company’s earnings outlook. Reliance analyst coverage
• Positive Sentiment: Citigroup raised its price target to $460 from $420, implying potential upside from the cited share price, though it kept a Neutral rating. Citigroup recommendations
• Neutral Sentiment: One report puts the consensus target at $400.29, below the cited share price, which tempers the more optimistic target revision. Consensus target price report
• Neutral Sentiment: News about Jio’s new connectivity and data plans, and Reliance Industries’ possible entry into the biscuit market, relates to other Reliance-branded businesses—not Reliance, Inc. (RS)—so it does not directly explain RS’s share movement. Reliance Jio plan article

Analysts Set New Price Targets

A number of equities research analysts recently commented on RS shares. Citigroup increased their price objective on shares of Reliance from $420.00 to $460.00 and gave the company a “neutral” rating in a research note on Friday. Zacks Research upgraded shares of Reliance from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Barclays upped their price target on shares of Reliance from $420.00 to $445.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. JPMorgan Chase & Co. increased their price target on shares of Reliance from $400.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, October 28th. Finally, Wells Fargo & Company raised their price objective on shares of Reliance from $391.00 to $420.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $407.75.

Reliance Stock Up 0.7%

RS opened at $416.79 on Friday. The firm has a market cap of $21.23 billion, a P/E ratio of 19.43, a PEG ratio of 0.83 and a beta of 0.95. The business’s fifty day simple moving average is $404.89 and its 200 day simple moving average is $371.05. Reliance, Inc. has a 52 week low of $263.12 and a 52 week high of $454.93. The company has a quick ratio of 2.22, a current ratio of 4.12 and a debt-to-equity ratio of 0.21.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $8.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.83 by $1.19. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.74 billion. Reliance had a net margin of 6.38% and a return on equity of 15.31%. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.64 earnings per share. As a group, equities research analysts anticipate that Reliance, Inc. will post 26.54 EPS for the current fiscal year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be paid a $1.25 dividend. 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, November 20th. Reliance’s dividend payout ratio (DPR) is presently 23.31%.

Reliance Profile

Reliance, Inc is a metal service center company that distributes metals and provides processing services to customers across a range of industries. Its products include carbon steel, stainless steel, aluminum, alloy steel, brass, copper and other metals.

The company processes materials to customer specifications through services such as cutting, sawing, slitting, machining, forming and laser, plasma or waterjet cutting. These services help customers prepare metal for use in manufacturing, construction, transportation, energy and other applications.

Founded in Los Angeles in 1939, Reliance has grown into a network of service centers serving customers in the United States and internationally.