Andra AP fonden Boosts Stock Position in Reliance, Inc. $RS

Andra AP fonden increased its position in Reliance, Inc. (NYSE:RS) by 109.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,000 shares of the industrial products company’s stock after acquiring an additional 29,300 shares during the quarter. Andra AP fonden owned about 0.11% of Reliance worth $15,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC purchased a new stake in Reliance during the 3rd quarter valued at approximately $1,576,000. Principal Financial Group Inc. lifted its holdings in shares of Reliance by 4.2% in 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. First National Advisers LLC bought a new position in shares of Reliance during the third quarter worth $1,948,000. Canada Post Corp Registered Pension Plan purchased a new position in Reliance during the third quarter valued at $873,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in Reliance by 293.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 34,946 shares of the industrial products company’s stock valued at $9,814,000 after acquiring an additional 26,055 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BMO Capital Markets downgraded shares of Reliance from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $340.00 to $320.00 in a report on Friday, February 20th. JPMorgan Chase & Co. downgraded Reliance from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $340.00 to $330.00 in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $321.67.

Reliance Stock Performance

Shares of NYSE:RS opened at $315.25 on Friday. The firm’s 50 day simple moving average is $320.25 and its 200-day simple moving average is $296.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. Reliance, Inc. has a one year low of $250.07 and a one year high of $365.59. The firm has a market cap of $16.48 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92.

Reliance (NYSE:RS) last released its quarterly earnings data 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). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the business earned $2.22 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, equities analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, March 6th. 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 1.6%. Reliance’s dividend payout ratio is 34.36%.

Insider Activity

In other news, CEO Karla R. Lewis sold 5,809 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $283.50, for a total value of $1,646,851.50. Following the sale, the chief executive officer directly owned 84,421 shares in the company, valued at approximately $23,933,353.50. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction that occurred on 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 in the company, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,935 shares of company stock worth $10,254,424 in the last quarter. 0.35% of the stock is owned by insiders.

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.