Caxton Associates LLP Has $689,000 Stock Position in Reliance, Inc. $RS

Caxton Associates LLP reduced its position in shares of Reliance, Inc. (NYSE:RS) by 39.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,266 shares of the industrial products company’s stock after selling 1,477 shares during the period. Caxton Associates LLP’s holdings in Reliance were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of RS. Sei Investments Co. grew its holdings in Reliance by 6.7% in the first quarter. Sei Investments Co. now owns 35,287 shares of the industrial products company’s stock worth $10,725,000 after purchasing an additional 2,229 shares during the period. Cetera Investment Advisers raised its position in Reliance by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 13,039 shares of the industrial products company’s stock valued at $3,963,000 after buying an additional 907 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Reliance by 2.1% in the first quarter. First Citizens Bank & Trust Co. now owns 2,078 shares of the industrial products company’s stock valued at $632,000 after purchasing an additional 42 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Reliance by 20.2% during the 1st quarter. First Trust Advisors LP now owns 103,249 shares of the industrial products company’s stock worth $31,379,000 after buying an additional 17,371 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new stake in Reliance during the first quarter worth $2,723,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Stock Performance

Shares of NYSE RS opened at $404.34 on Tuesday. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. Reliance, Inc. has a 52-week low of $260.31 and a 52-week high of $419.83. The company has a market cap of $20.64 billion, a PE ratio of 23.51, a PEG ratio of 1.17 and a beta of 0.97. The firm’s 50-day moving average price is $387.82 and its 200-day moving average price is $348.54.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating the consensus estimate of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the firm earned $4.43 EPS. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, analysts anticipate that Reliance, Inc. will post 19.84 EPS for the current year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s dividend payout ratio is 29.07%.

Wall Street Analyst Weigh In

RS has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. BMO Capital Markets upped their target price on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a report on Monday. KeyCorp raised their price target on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Seaport Research Partners upped their target price on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Reliance has an average rating of “Hold” and a consensus price target of $378.67.

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.