Dynamic Technology Lab Private Ltd Takes Position in Reliance, Inc. $RS

Dynamic Technology Lab Private Ltd bought a new stake in Reliance, Inc. (NYSE:RS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,620 shares of the industrial products company’s stock, valued at approximately $1,298,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Foundations Investment Advisors LLC acquired a new position in shares of Reliance during the 3rd quarter worth approximately $1,576,000. Principal Financial Group Inc. boosted its holdings in shares of Reliance by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock valued at $212,243,000 after buying an additional 30,765 shares during the last quarter. First National Advisers LLC acquired a new stake in shares of Reliance in the 3rd quarter valued at approximately $1,948,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Reliance in the third quarter valued at $873,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Reliance by 293.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 34,946 shares of the industrial products company’s stock valued at $9,814,000 after buying an additional 26,055 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Reliance Trading Down 2.6%

Shares of Reliance stock opened at $302.96 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.88 and a quick ratio of 2.30. The business has a fifty day simple moving average of $322.50 and a two-hundred day simple moving average of $297.15. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $365.59. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 1.15 and a beta of 0.91.

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). The company 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%. Reliance’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.22 earnings per share. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Research analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date is Friday, March 6th. Reliance’s dividend payout ratio is 35.79%.

Insider Transactions at Reliance

In related news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the sale, the chief operating officer directly owned 14,021 shares in the company, valued at $4,509,434.02. The trade was a 63.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RS shares. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Reliance from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. KeyCorp restated an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. JPMorgan Chase & Co. cut shares of Reliance from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $340.00 to $330.00 in a report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $324.33.

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.