Aquatic Capital Management LLC Purchases 24,502 Shares of Reliance, Inc. $RS

Aquatic Capital Management LLC increased its position in shares of Reliance, Inc. (NYSE:RS) by 2,147.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,643 shares of the industrial products company’s stock after acquiring an additional 24,502 shares during the period. Aquatic Capital Management LLC’s holdings in Reliance were worth $7,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RS. Masso Torrence Wealth Management Inc. boosted its holdings in shares of Reliance by 3.3% in the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 37 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Reliance by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock worth $91,000 after buying an additional 38 shares during the last quarter. Choreo LLC boosted its stake in Reliance by 2.9% in the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock valued at $383,000 after buying an additional 39 shares in the last quarter. Stonegate Investment Group LLC boosted its stake in Reliance by 5.0% in the third quarter. Stonegate Investment Group LLC now owns 836 shares of the industrial products company’s stock valued at $235,000 after buying an additional 40 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in Reliance by 3.2% in the third quarter. HB Wealth Management LLC now owns 1,381 shares of the industrial products company’s stock valued at $388,000 after acquiring an additional 43 shares during the last quarter. 79.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on RS shares. Wells Fargo & Company boosted their target price on Reliance from $315.00 to $323.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. BMO Capital Markets lowered shares of Reliance from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $340.00 to $320.00 in a report on Friday, February 20th. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. downgraded shares of Reliance from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $340.00 to $330.00 in a research note on Friday, February 20th. Finally, Wall Street Zen lowered shares of Reliance from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $324.33.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: RS’s metals unit AMI Metals won multi‑billion dollar U.S. infrastructure and defense contracts (steel for Southwest border works and aluminum processing for Lockheed Martin). These are larger, multi-year government programs that should support backlog and revenue visibility for the industrial segment. RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
• Positive Sentiment: Analyst commentary remains broadly constructive on RS, which can help stabilize sentiment after recent volatility — supportive for the stock if execution on new contracts and margins follow through. Reliance Inc. (RS) sees optimism from analysts
• Neutral Sentiment: News that Reliance Jio’s IPO process crossed a government notification hurdle is meaningful for Reliance Industries (India) shareholders but does not directly affect Reliance, Inc.’s fundamentals; however, headline overlap on the “Reliance” name can create short‑term retail/ETF flows or confusion. Reliance Jio IPO crosses crucial hurdle as FinMin issues notification
• Neutral Sentiment: Multiple reports about the Enforcement Directorate attaching assets tied to Anil Ambani’s Reliance group are sectoral headlines in India but pertain to a different corporate group; these items are noise for RS but can feed broader market headlines under the “Reliance” name. ED attaches assets worth Rs 581 cr belonging to Anil Ambani-led Reliance firms
• Negative Sentiment: Reliance, Inc. reported a quarterly EPS of $2.40 vs. consensus ~$2.80 (a miss). That earnings shortfall is the clearest near‑term negative catalyst and likely the primary reason for today’s weaker share action as investors re‑price near‑term profitability. (Company Q report and consensus cited in trading updates.)

Reliance Price Performance

Reliance stock opened at $297.31 on Monday. The stock has a 50-day moving average price of $323.48 and a two-hundred day moving average price of $297.45. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $365.59. The company has a market capitalization of $15.38 billion, a PE ratio of 21.28, a P/E/G ratio of 1.12 and a beta of 0.91. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20.

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 the consensus estimate 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 business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

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

Insider Buying and Selling at Reliance

In related news, SVP William A. Smith II sold 6,615 shares of the business’s stock in a transaction 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 owned 21,747 shares of the company’s stock, valued at $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value 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 $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is currently owned by company insiders.

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.