William Blair Investment Management LLC Has $80.98 Million Stock Holdings in Reliance, Inc. $RS

William Blair Investment Management LLC raised its holdings in Reliance, Inc. (NYSE:RS) by 24.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 280,335 shares of the industrial products company’s stock after acquiring an additional 55,532 shares during the quarter. William Blair Investment Management LLC’s holdings in Reliance were worth $80,980,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in RS. Alliancebernstein L.P. lifted its stake in shares of Reliance by 899.4% in the third quarter. Alliancebernstein L.P. now owns 733,528 shares of the industrial products company’s stock valued at $205,997,000 after buying an additional 660,128 shares in the last quarter. Boston Partners lifted its stake in shares of Reliance by 27.5% in the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after buying an additional 484,286 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Reliance by 25.2% in 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 buying an additional 343,598 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Reliance by 4,419.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 274,206 shares of the industrial products company’s stock valued at $79,210,000 after buying an additional 268,139 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of Reliance in the fourth quarter valued at $61,317,000. 79.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RS has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Reliance from $323.00 to $330.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. KeyCorp raised their price objective on shares of Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on shares of Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Seaport Research Partners increased their target price on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $344.67.

Insider Activity

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction dated Monday, April 27th. The shares were 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 approximately $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William A. Smith II sold 6,615 shares of Reliance stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the sale, the senior vice president directly owned 21,747 shares in the company, valued at approximately $6,493,871.67. This represents a 23.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.40% of the company’s stock.

Reliance Stock Up 0.0%

RS opened at $367.07 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The company’s 50-day moving average is $331.42 and its 200 day moving average is $313.98. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $381.00. The firm has a market capitalization of $18.74 billion, a P/E ratio of 23.94, a PEG ratio of 1.14 and a beta of 0.95.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the firm earned $3.77 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Research analysts expect that Reliance, Inc. will post 18.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.4%. Reliance’s payout ratio is currently 32.62%.

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.