Reliance, Inc. $RS Shares Bought by Citigroup Inc.

Citigroup Inc. grew its holdings in Reliance, Inc. (NYSE:RS) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,293 shares of the industrial products company’s stock after acquiring an additional 9,044 shares during the period. Citigroup Inc. owned about 0.15% of Reliance worth $22,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Boston Partners grew its stake in Reliance by 72.6% during the 2nd 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 stake in shares of Reliance by 2.5% in the 2nd quarter. Franklin Resources Inc. now owns 1,090,657 shares of the industrial products company’s stock valued at $342,357,000 after buying an additional 26,545 shares during the period. Principal Financial Group Inc. grew its position in shares of Reliance by 4.2% during the third quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after buying an additional 30,765 shares in the last quarter. Norges Bank purchased a new stake in shares of Reliance during the second quarter worth approximately $207,741,000. Finally, American Century Companies Inc. increased its stake in shares of Reliance by 6.5% during the second quarter. American Century Companies Inc. now owns 626,890 shares of the industrial products company’s stock worth $196,781,000 after buying an additional 38,012 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Wall Street Analyst Weigh In

RS has been the subject of several analyst reports. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. downgraded shares of Reliance from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $340.00 to $330.00 in a research note on Friday, February 20th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Wells Fargo & Company lifted their price target on Reliance from $287.00 to $315.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, KeyCorp reiterated an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $321.67.

Reliance Stock Performance

NYSE RS opened at $315.97 on Friday. The company has a fifty day moving average of $319.76 and a two-hundred day moving average of $295.92. The company has a market capitalization of $16.52 billion, a PE ratio of 22.62, a P/E/G ratio of 1.89 and a beta of 0.92. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $365.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.88 and a quick ratio of 2.30.

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

Reliance Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio is presently 34.36%.

Key Headlines Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance raised its quarterly dividend to $1.25 (annualized $5.00), ex-dividend March 6 and payable March 20 — a shareholder-friendly action that supports income investors and helps underpin the share price. Dividend & company summary
• Neutral Sentiment: Reliance presented at the 35th BMO Global Metals, Mining & Critical Minerals Conference — investor presentations can improve visibility and help management relay strategy, but by themselves are neutral until new guidance or deals emerge. Conference transcript
• Neutral Sentiment: Meta’s subsidiary acquiring 30% of “REIL” in a Rs 853 crore share allotment was reported — this deal relates to Indian entities using the “Reliance” name and is not tied to U.S.-listed Reliance Steel & Aluminum (RS); it may generate headlines but is unlikely to affect RS fundamentals. Meta/REIL article
• Neutral Sentiment: Reliance Chemo (an India-listed business) reported December quarter sales down ~11% YoY — relevant to investors tracking similarly named Indian affiliates but not to RS’s U.S. metals-distribution operations. News may create short-term headline noise. Reliance Chemo sales
• Negative Sentiment: COO Stephen Paul Koch sold 24,060 RS shares (approx. $7.7M) on Feb 23, reducing his stake by ~63%. Large insider sales often spook short-term traders and can pressure the stock, especially when combined with recent analyst downgrades and an earnings miss. Insider sale disclosure
• Negative Sentiment: Multiple Indian reports say the Enforcement Directorate provisionally attached Anil Ambani’s Mumbai residence over alleged bank frauds tied to Reliance Communications. These stories concern a different corporate group (Anil Ambani’s Reliance) and not Reliance Steel & Aluminum, but they can create market confusion or headline-driven volatility for the “Reliance” ticker name. ED attachment (The Week) ED seizure (New Indian Express)

Insider Buying and Selling at Reliance

In related news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the sale, the chief operating officer owned 14,021 shares in the company, valued at $4,509,434.02. This represents a 63.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Karla R. Lewis sold 5,809 shares of Reliance stock in a transaction on Monday, December 1st. The shares were sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the completion of the transaction, the chief executive officer owned 84,421 shares in the company, valued at approximately $23,933,353.50. This represents a 6.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,935 shares of company stock valued at $10,254,424. 0.35% of the stock is owned by insiders.

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.