Reliance, Inc. $RS Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Reliance, Inc. (NYSE:RS) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 675,110 shares of the industrial products company’s stock after acquiring an additional 48,220 shares during the quarter. American Century Companies Inc. owned approximately 1.29% of Reliance worth $189,592,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Guerra Advisors Inc acquired a new position in shares of Reliance in the 3rd quarter valued at approximately $34,000. Root Financial Partners LLC bought a new stake in shares of Reliance in the third quarter worth $38,000. Allworth Financial LP increased its stake in shares of Reliance by 46.3% in the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after buying an additional 44 shares during the last quarter. Caldwell Trust Co bought a new position in Reliance during the 2nd quarter valued at $58,000. Finally, Transamerica Financial Advisors LLC boosted its stake in Reliance by 31.4% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Transactions at Reliance

In other Reliance news, COO Stephen Paul Koch sold 24,060 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the transaction, the chief operating officer owned 14,021 shares in the company, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Karla R. Lewis sold 5,809 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 84,421 shares in the company, valued at $23,933,353.50. The trade was a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 32,935 shares of company stock worth $10,254,424. Corporate insiders own 0.35% of the company’s stock.

Reliance Stock Down 0.3%

NYSE:RS opened at $315.25 on Friday. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $320.25 and a 200-day moving average of $296.21. The firm has a market capitalization 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, Inc. has a 52 week low of $250.07 and a 52 week high of $365.59.

Reliance (NYSE:RS) last released its quarterly earnings data 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 company had revenue of $3.50 billion for 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 company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be given a dividend of $1.25 per share. This is an increase from Reliance’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, March 6th. Reliance’s payout ratio is currently 34.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. KeyCorp reissued an “overweight” rating on shares of Reliance in a research report on Wednesday, January 7th. JPMorgan Chase & Co. lowered Reliance from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $340.00 to $330.00 in a report on Friday, February 20th. Wells Fargo & Company upped their price objective on Reliance from $287.00 to $315.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Wall Street Zen lowered Reliance from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a report 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 stock. According to MarketBeat, Reliance has an average rating of “Hold” and an average target price of $321.67.

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.