Two Sigma Securities LLC Invests $3.14 Million in Reliance, Inc. $RS

Two Sigma Securities LLC purchased a new stake in shares of Reliance, Inc. (NYSE:RS) during the second quarter, Holdings Channel reports. The fund purchased 8,397 shares of the industrial products company’s stock, valued at approximately $3,137,000.

Several other institutional investors and hedge funds have also modified their holdings of RS. Costello Asset Management INC acquired a new position in Reliance during the first quarter worth $30,000. Brown Brothers Harriman & Co. raised its holdings in Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of Reliance in the fourth quarter worth about $32,000. Quarry LP acquired a new stake in shares of Reliance in the third quarter worth about $32,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Reliance by 87.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Buying and Selling at Reliance

In other Reliance news, SVP William A. Smith II sold 2,353 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total value of $974,636.13. Following the sale, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. This trade represents a 10.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Arthur Ajemyan sold 2,200 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $410.11, for a total transaction of $902,242.00. Following the transaction, the chief financial officer directly owned 14,640 shares of the company’s stock, valued at $6,004,010.40. This represents a 13.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

RS has been the topic of a number of analyst reports. Citigroup reissued a “neutral” rating on shares of Reliance in a report on Wednesday, July 29th. 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 report on Monday, July 27th. Wells Fargo & Company decreased their target price on Reliance from $398.00 to $391.00 and set an “equal weight” rating for the company in a research report on Monday, August 24th. JPMorgan Chase & Co. lowered their price target on Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen cut shares of Reliance from a “strong-buy” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Reliance has an average rating of “Hold” and an average price target of $377.50.

Reliance Stock Down 0.0%

Shares of RS stock opened at $387.57 on Monday. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $433.02. The firm has a market cap of $19.79 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.00 and a beta of 0.96. The stock has a 50 day moving average of $397.24 and a 200-day moving average of $362.31. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the company posted $4.43 earnings per share. Reliance’s quarterly revenue was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities analysts predict that Reliance, Inc. will post 22.23 EPS for the current year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance’s dividend payout ratio is 29.07%.

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.