Dimensional Fund Advisors LP Sells 119,556 Shares of Reliance, Inc. $RS

Dimensional Fund Advisors LP reduced its holdings in shares of Reliance, Inc. (NYSE:RS) by 15.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 679,868 shares of the industrial products company’s stock after selling 119,556 shares during the period. Dimensional Fund Advisors LP owned about 1.30% of Reliance worth $190,911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Boston Partners raised its position in Reliance by 72.6% in the second quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock worth $552,461,000 after purchasing an additional 741,417 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Reliance by 2.5% during the second quarter. Franklin Resources Inc. now owns 1,090,657 shares of the industrial products company’s stock valued at $342,357,000 after purchasing an additional 26,545 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Reliance by 4.2% during the third quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock valued at $212,243,000 after purchasing an additional 30,765 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Reliance by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 675,110 shares of the industrial products company’s stock valued at $189,592,000 after purchasing an additional 48,220 shares during the period. Finally, Norges Bank acquired a new position in shares of Reliance in the 2nd quarter worth approximately $207,741,000. Institutional investors own 79.26% of the company’s stock.

Insider Activity at Reliance

In other news, COO Stephen Paul Koch sold 24,060 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the sale, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.35% of the company’s stock.

Reliance Stock Performance

NYSE RS opened at $302.96 on Monday. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $365.59. The company has a 50 day moving average of $322.50 and a 200-day moving average of $297.15. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.15 and a beta of 0.91.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.40). The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.45 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.22 earnings per share. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, equities analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a $1.25 dividend. This is an increase from Reliance’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 6th. Reliance’s payout ratio is presently 35.79%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company raised their target price on Reliance from $315.00 to $323.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. BMO Capital Markets cut Reliance from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $340.00 to $320.00 in a research report on Friday, February 20th. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. cut Reliance from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $340.00 to $330.00 in a report on Friday, February 20th. Finally, Wall Street Zen downgraded shares of Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $324.33.

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.