Barclays PLC Raises Position in Reliance, Inc. $RS

Barclays PLC boosted its holdings in shares of Reliance, Inc. (NYSE:RS) by 32.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,427 shares of the industrial products company’s stock after buying an additional 33,633 shares during the period. Barclays PLC owned approximately 0.26% of Reliance worth $38,313,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Foundations Investment Advisors LLC purchased a new position in shares of Reliance during the third quarter worth about $1,576,000. Principal Financial Group Inc. raised its stake in Reliance by 4.2% in the third quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock valued at $212,243,000 after purchasing an additional 30,765 shares in the last quarter. First National Advisers LLC bought a new stake in Reliance during the third quarter valued at approximately $1,948,000. Canada Post Corp Registered Pension Plan bought a new stake in Reliance during the third quarter valued at approximately $873,000. Finally, Y Intercept Hong Kong Ltd grew its stake 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 worth $9,814,000 after buying an additional 26,055 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RS has been the topic of several research reports. Wells Fargo & Company raised their price objective on shares of Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. KeyCorp reiterated an “overweight” rating on shares of Reliance in a research report on Wednesday, January 7th. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wall Street Zen downgraded Reliance from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, JPMorgan Chase & Co. cut Reliance from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $340.00 to $330.00 in a report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $324.33.

Reliance Price Performance

Shares of Reliance stock opened at $300.03 on Wednesday. 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 52-week low of $250.07 and a 52-week high of $365.59. The company has a fifty day moving average of $322.86 and a 200-day moving average of $297.31. The stock has a market capitalization of $15.52 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.14 and a beta of 0.91.

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

Reliance Increases Dividend

The business 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 $1.25 dividend. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Reliance’s dividend payout ratio is presently 35.79%.

Insider Transactions at Reliance

In other news, COO Stephen Paul Koch sold 24,060 shares of the 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 sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William A. Smith II sold 6,615 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the sale, the senior vice president directly owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.35% of the company’s stock.

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.