Reliance, Inc. $RS Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in shares of Reliance, Inc. (NYSE:RS) by 35.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,467 shares of the industrial products company’s stock after buying an additional 5,144 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Reliance were worth $5,467,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RS. Private Trust Co. NA grew its stake in shares of Reliance by 417.6% during the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 71 shares in the last quarter. Allworth Financial LP raised its position in shares of Reliance by 46.3% in the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 44 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in Reliance by 595.5% during the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 131 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of Reliance in the 2nd quarter worth about $58,000. Finally, Trust Co. of Toledo NA OH acquired a new position in Reliance in the second quarter worth about $68,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Stock Performance

Shares of RS opened at $290.84 on Monday. Reliance, Inc. has a one year low of $250.07 and a one year high of $347.43. The company has a 50-day moving average of $279.14 and a two-hundred day moving average of $292.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.86 and a beta of 0.92.

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

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, November 21st. Reliance’s dividend payout ratio is 35.09%.

Insiders Place Their Bets

In other Reliance news, COO Stephen Paul Koch sold 3,066 shares of the company’s stock in a transaction dated 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 $3,975,794.76. This represents a 17.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Karla R. Lewis sold 5,809 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.50, for a total value of $1,646,851.50. Following the completion of the transaction, the chief executive officer owned 84,421 shares in the company, valued at $23,933,353.50. This represents a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RS has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a report on Monday, December 15th. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company boosted their price objective on Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a research report on Friday, November 14th. Finally, BMO Capital Markets dropped their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.