Reliance, Inc. $RS Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its position in Reliance, Inc. (NYSE:RS) by 144.9% during the third quarter, HoldingsChannel.com reports. The fund owned 18,700 shares of the industrial products company’s stock after acquiring an additional 11,064 shares during the quarter. SG Americas Securities LLC’s holdings in Reliance were worth $5,252,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RS. Focus Partners Wealth raised its stake in shares of Reliance by 387.5% during the 1st quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock worth $2,138,000 after buying an additional 5,886 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Reliance by 31.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,964 shares of the industrial products company’s stock valued at $9,406,000 after acquiring an additional 7,146 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Reliance by 11.2% during the first 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. JPMorgan Chase & Co. lifted its holdings in shares of Reliance by 6.1% in the second quarter. JPMorgan Chase & Co. now owns 229,418 shares of the industrial products company’s stock valued at $72,015,000 after purchasing an additional 13,268 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Reliance by 35.9% in the third quarter. Assenagon Asset Management S.A. now owns 19,467 shares of the industrial products company’s stock valued at $5,467,000 after purchasing an additional 5,144 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Reliance news, COO Stephen Paul Koch sold 3,066 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.56, for a total transaction of $869,394.96. Following the transaction, the chief operating officer owned 14,021 shares of the company’s stock, valued at $3,975,794.76. This trade represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $1,646,851.50. Following the completion of the transaction, the chief executive officer owned 84,421 shares in the company, valued at approximately $23,933,353.50. This trade represents a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RS shares. BMO Capital Markets cut their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. KeyCorp reissued an “overweight” rating on shares of Reliance in a report on Wednesday. Zacks Research lowered Reliance from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Wells Fargo & Company lifted their price objective on Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $317.25.

Reliance Price Performance

RS stock opened at $309.16 on Friday. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92. The company has a quick ratio of 2.08, a current ratio of 4.43 and a debt-to-equity ratio of 0.19. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43. The stock’s fifty day simple moving average is $284.65 and its 200-day simple moving average is $291.66.

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

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Major press reports say Reliance Jio is planning a large IPO (small float reported ~2.5%), which could unlock significant value and has lifted investor sentiment around Reliance-related assets. Read More.
• Positive Sentiment: Additional coverage frames the Jio listing as a “mega IPO” that could dwarf other recent listings, reinforcing positive headlines and risk-on flows into stocks tied to the Reliance name. Read More.
• Neutral Sentiment: KeyCorp reiterated an Overweight stance but published a FY estimate (FY2025 EPS $14.80) that is below the consensus $16.98 — a mixed signal (positive conviction from the analyst but weaker near-term earnings forecast). Read More.
• Neutral Sentiment: Aggregated analyst coverage shows a consensus rating of “Hold” for Reliance, suggesting limited conviction for a strong near-term rerating despite positive IPO headlines. Read More.
• Negative Sentiment: Separate India-market pieces note a recent erosion in Reliance Industries’ market value and the upcoming Q3 results date — headlines that can increase volatility and pressure sentiment if RIL (the parent of Jio) reports weaker numbers. Investors in RS may be influenced by these headlines, though they relate to the India-listed group rather than NYSE:RS directly. Read More.
• Negative Sentiment: Coverage noting a large single-day valuation drop for Reliance Industries in India could weigh on sentiment and cause short-term profit-taking in stocks with the Reliance name. Read More.

Reliance 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.