BW Gestao de Investimentos Ltda. Buys Shares of 34,666 Reliance, Inc. $RS

BW Gestao de Investimentos Ltda. bought a new stake in shares of Reliance, Inc. (NYSE:RS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 34,666 shares of the industrial products company’s stock, valued at approximately $10,014,000.

Other hedge funds have also bought and sold shares of the company. Canada Post Corp Registered Pension Plan bought a new stake in Reliance during the third quarter valued at approximately $873,000. CWA Asset Management Group LLC bought a new stake in shares of Reliance in the 4th quarter worth approximately $10,297,000. Principal Financial Group Inc. lifted its holdings in shares of Reliance by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after acquiring an additional 30,765 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Reliance by 24.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock worth $7,015,000 after acquiring an additional 4,817 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Reliance by 49.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 342,796 shares of the industrial products company’s stock worth $96,268,000 after acquiring an additional 113,378 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RS has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wells Fargo & Company boosted their price objective on shares of Reliance from $323.00 to $330.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their target price on shares of Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. 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 note on Tuesday, April 28th. Finally, Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research note on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Reliance has an average rating of “Hold” and an average target price of $344.67.

Insider Activity

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares in the company, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William A. Smith II sold 6,615 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the transaction, the senior vice president owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by corporate insiders.

Reliance Stock Up 0.7%

NYSE:RS opened at $383.56 on Tuesday. The firm’s 50-day moving average price is $341.00 and its 200-day moving average price is $318.33. The company has a market capitalization of $19.58 billion, a PE ratio of 25.02, a P/E/G ratio of 1.18 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a 1-year low of $260.31 and a 1-year high of $386.39.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. Reliance’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities analysts predict that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s dividend payout ratio is currently 32.62%.

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.