Reliance, Inc. $RS Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in Reliance, Inc. (NYSE:RS) by 22.0% in the 4th quarter, Holdings Channel reports. The firm owned 15,851 shares of the industrial products company’s stock after selling 4,465 shares during the period. Natixis Advisors LLC’s holdings in Reliance were worth $4,579,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RS. Royal Bank of Canada increased its holdings in Reliance by 6.6% in the 1st quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after purchasing an additional 940 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Reliance by 4.8% during the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock worth $1,635,000 after purchasing an additional 258 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Reliance by 99.2% during the first quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 131 shares in the last quarter. Walleye Capital LLC lifted its position in shares of Reliance by 2,192.5% during the second quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company’s stock worth $381,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Reliance during the second quarter worth about $1,318,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RS. The Goldman Sachs Group began coverage on shares of Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price target on the stock. KeyCorp raised their price target on shares of Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. raised their price target on shares of Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Seaport Research Partners raised their price target on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, BMO Capital Markets raised their price target on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $352.33.

Insider Activity

In other news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction on Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the sale, the chief financial officer directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Reliance Stock Performance

Shares of RS stock opened at $396.54 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $401.41. The stock has a market capitalization of $20.24 billion, a PE ratio of 25.87, a P/E/G ratio of 1.22 and a beta of 0.95. The firm has a 50 day moving average of $350.80 and a two-hundred day moving average of $322.71.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the company posted $3.77 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, research analysts predict that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 22nd. Reliance’s payout ratio is 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.