Swedbank AB Buys 4,264 Shares of Reliance, Inc. $RS

Swedbank AB raised its stake in shares of Reliance, Inc. (NYSE:RS) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,683 shares of the industrial products company’s stock after buying an additional 4,264 shares during the quarter. Swedbank AB owned about 0.10% of Reliance worth $14,233,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Focus Partners Wealth increased its stake in Reliance by 387.5% during the 1st quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock valued at $2,138,000 after purchasing an additional 5,886 shares in the last quarter. Plato Investment Management Ltd increased its position in shares of Reliance by 478.2% during the first quarter. Plato Investment Management Ltd now owns 5,262 shares of the industrial products company’s stock valued at $1,536,000 after acquiring an additional 4,352 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Reliance by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock worth $133,196,000 after acquiring an additional 46,377 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Reliance by 31.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,964 shares of the industrial products company’s stock worth $9,406,000 after acquiring an additional 7,146 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Reliance by 6.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 229,418 shares of the industrial products company’s stock valued at $72,015,000 after acquiring an additional 13,268 shares in the last quarter. 79.26% of the stock is owned by institutional investors.

Insider Buying and Selling at Reliance

In related news, COO Stephen Paul Koch sold 3,066 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $283.56, for a total value of $869,394.96. Following the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $3,975,794.76. This trade represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Karla R. Lewis sold 5,809 shares of Reliance stock in a transaction on Monday, December 1st. The shares were sold at an average price of $283.50, for a total value of $1,646,851.50. Following the transaction, the chief executive officer owned 84,421 shares in the company, valued at $23,933,353.50. This trade represents a 6.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.35% of the company’s stock.

Reliance Stock Up 0.3%

RS stock opened at $296.35 on Friday. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 1.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The business’s 50-day moving average is $280.87 and its two-hundred day moving average is $292.56. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the company earned $3.64 EPS. Reliance’s revenue for the quarter was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a $1.20 dividend. The ex-dividend date was Friday, November 21st. This represents a $4.80 annualized dividend and a yield of 1.6%. Reliance’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analyst Weigh In

A number of analysts have commented on RS shares. BMO Capital Markets reduced their target price on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Reliance from $345.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, December 5th. Finally, Wells Fargo & Company lifted their price target on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research note on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $317.25.

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.