B. Metzler seel. Sohn & Co. AG Sells 2,641 Shares of Reliance, Inc. $RS

B. Metzler seel. Sohn & Co. AG trimmed its holdings in Reliance, Inc. (NYSE:RS) by 68.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,211 shares of the industrial products company’s stock after selling 2,641 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Reliance were worth $350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Elevation Wealth Partners LLC bought a new position in shares of Reliance during the 4th quarter valued at $28,000. Quarry LP bought a new position in shares of Reliance during the 3rd quarter valued at $32,000. Guerra Advisors Inc bought a new position in shares of Reliance during the 3rd quarter valued at $34,000. Root Financial Partners LLC bought a new position in shares of Reliance during the 3rd quarter valued at $38,000. Finally, Sound Income Strategies LLC bought a new position in shares of Reliance during the 4th quarter valued at $40,000. Institutional investors own 79.26% of the company’s stock.

Insider Activity

In related news, COO Stephen Paul Koch sold 24,060 shares of the business’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 owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William A. Smith II sold 6,615 shares of the business’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 transaction, the senior vice president directly owned 21,747 shares of the company’s stock, valued at $6,493,871.67. This represents a 23.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by insiders.

Reliance Price Performance

Shares of NYSE:RS opened at $360.98 on Tuesday. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $365.59. The business has a 50-day moving average of $314.90 and a two-hundred day moving average of $303.36. The stock has a market capitalization of $18.67 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.27 and a beta of 0.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the firm earned $3.77 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities research analysts predict that Reliance, Inc. will post 17.84 EPS for the current fiscal year.

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. Reliance’s payout ratio is currently 32.62%.

Analysts Set New Price Targets

A number of brokerages have weighed in on RS. BMO Capital Markets boosted their price target on Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research report on Monday. Bank of America boosted their price target on Reliance from $340.00 to $355.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group began coverage on Reliance in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 price target for the company. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $343.00.

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.