Reliance, Inc. $RS Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in shares of Reliance, Inc. (NYSE:RS) by 124.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312,324 shares of the industrial products company’s stock after purchasing an additional 173,292 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Reliance were worth $120,167,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Net Worth Advisory Group raised its stake in shares of Reliance by 7.6% in the 3rd quarter. Net Worth Advisory Group now owns 2,617 shares of the industrial products company’s stock worth $1,029,000 after buying an additional 185 shares in the last quarter. Cordatus Wealth Management LLC boosted its stake in Reliance by 16.9% during the third quarter. Cordatus Wealth Management LLC now owns 829 shares of the industrial products company’s stock valued at $319,000 after buying an additional 120 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Reliance during the third quarter valued at about $158,000. Assenagon Asset Management S.A. boosted its stake in Reliance by 146.6% during the third quarter. Assenagon Asset Management S.A. now owns 21,512 shares of the industrial products company’s stock valued at $8,277,000 after buying an additional 12,787 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in Reliance by 174.5% during the third quarter. Fortitude Family Office LLC now owns 129 shares of the industrial products company’s stock valued at $50,000 after buying an additional 82 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Large earnings and revenue beats: Reliance reported quarterly earnings of $8.02 per share, above estimates ranging from $6.76 to $6.83 and up sharply from $3.64 a year earlier. Revenue reached a record $5.21 billion, exceeding the $4.74 billion consensus estimate and rising 42.8% year over year. Reliance Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Broad operating momentum: Tons sold increased 4.3% sequentially and 15.6% year over year, while pretax income more than doubled to $531.9 million. The results suggest strong demand and improved profitability across the company’s industrial products businesses. Reliance Third Quarter 2026 Financial Results
• Positive Sentiment: Enhanced shareholder returns: Reliance returned approximately $109 million to shareholders through dividends and repurchases, and increased its share-repurchase authorization to $2.5 billion. This provides an additional potential source of support for the stock.
• Neutral Sentiment: Analyst metric comparisons reinforce the beat: Zacks noted that key operating metrics were stronger than both Wall Street forecasts and year-ago levels, though investors will still assess whether the elevated growth rate can continue.
• Negative Sentiment: Insider selling is a minor caution: Company insiders reported six open-market sales and no purchases during the past six months. These transactions may weigh modestly on sentiment, although they are small relative to Reliance’s market capitalization and do not offset the earnings strength.

Analysts Set New Price Targets

RS has been the topic of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Reliance in a report on Wednesday, July 29th. Weiss Ratings raised shares of Reliance from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Wells Fargo & Company reduced their price objective on shares of Reliance from $398.00 to $391.00 and set an “equal weight” rating for the company in a research report on Monday, August 24th. Finally, KeyCorp lifted their price objective on shares of Reliance from $418.00 to $421.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $387.43.

Insiders Place Their Bets

In other news, SVP William A. Smith II sold 2,353 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total transaction of $974,636.13. Following the completion of the sale, the senior vice president directly owned 19,394 shares of the company’s stock, valued at $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The sale 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 on Friday, July 31st. The shares were sold at an average price of $410.11, for a total value of $902,242.00. Following the sale, the chief financial officer directly owned 14,640 shares of the company’s stock, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

Reliance Trading Up 0.5%

Reliance stock opened at $419.26 on Thursday. The firm has a market cap of $21.41 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 0.96 and a beta of 0.95. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $433.02. The firm’s 50 day moving average price is $397.92 and its two-hundred day moving average price is $384.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, October 21st. The industrial products company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates of $6.83 by $1.19. Reliance had a return on equity of 12.51% and a net margin of 5.65%. The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the prior year, the firm earned $3.64 EPS. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. On average, research analysts predict that Reliance, Inc. will post 23.70 EPS for the current fiscal year.

Reliance Company Profile

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.