SEB Asset Management AB Acquires New Stake in Reliance, Inc. $RS

SEB Asset Management AB acquired a new stake in shares of Reliance, Inc. (NYSE:RS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,498 shares of the industrial products company’s stock, valued at approximately $3,494,000.

Other large investors have also bought and sold shares of the company. State Street Corp grew its stake in shares of Reliance by 4.5% during the 4th quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock worth $784,503,000 after acquiring an additional 118,009 shares during the period. Boston Partners raised its stake in Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after acquiring an additional 484,286 shares during the period. Wellington Management Group LLP lifted its holdings in Reliance by 25.2% during the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after purchasing an additional 343,598 shares during the last quarter. Geode Capital Management LLC boosted its position in Reliance by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company’s stock worth $270,349,000 after purchasing an additional 2,549 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Reliance by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 735,212 shares of the industrial products company’s stock worth $212,390,000 after purchasing an additional 55,344 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Stock Up 0.7%

RS opened at $386.25 on Thursday. The firm has a market capitalization of $19.72 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 1.18 and a beta of 0.97. Reliance, Inc. has a one year low of $260.31 and a one year high of $419.83. The company has a fifty day moving average price of $385.48 and a 200-day moving average price of $346.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm’s revenue was up 26.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Equities research analysts expect that Reliance, Inc. will post 19.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

RS has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of Reliance from $376.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 9th. The Goldman Sachs Group started coverage on shares of Reliance in a report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price on the stock. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. decreased their price objective on Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Finally, Seaport Research Partners raised their target price on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $363.50.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is owned by corporate 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.