Reliance, Inc. $RS Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in Reliance, Inc. (NYSE:RS) by 899.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 733,528 shares of the industrial products company’s stock after acquiring an additional 660,128 shares during the period. Alliancebernstein L.P. owned approximately 1.40% of Reliance worth $205,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Guerra Advisors Inc acquired a new stake in shares of Reliance during the third quarter valued at about $34,000. Root Financial Partners LLC acquired a new position in shares of Reliance in the 3rd quarter worth approximately $38,000. Allworth Financial LP boosted its position in shares of Reliance by 46.3% during the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 44 shares during the period. Caldwell Trust Co purchased a new stake in Reliance in the second quarter valued at approximately $58,000. Finally, Transamerica Financial Advisors LLC lifted its stake in Reliance by 31.4% during the second quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Activity

In other news, COO Stephen Paul Koch sold 24,060 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the sale, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. This trade represents a 23.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on RS shares. Wall Street Zen lowered Reliance from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. JPMorgan Chase & Co. downgraded 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. KeyCorp reissued an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Finally, Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $324.33.

Reliance Price Performance

RS stock opened at $298.28 on Tuesday. The business’s 50-day moving average is $323.51 and its two-hundred day moving average is $297.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.88 and a quick ratio of 2.30. The firm has a market capitalization of $15.43 billion, a P/E ratio of 21.35, a P/E/G ratio of 1.12 and a beta of 0.91. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $365.59.

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

Reliance Increases Dividend

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

Reliance Company 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.