210,344 Shares in Reliance, Inc. $RS Bought by PFA Pension Forsikringsaktieselskab

PFA Pension Forsikringsaktieselskab bought a new position in Reliance, Inc. (NYSE:RS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 210,344 shares of the industrial products company's stock, valued at approximately $61,317,000. PFA Pension Forsikringsaktieselskab owned 0.40% of Reliance at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RS. Royal Bank of Canada raised 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 worth $4,364,000 after acquiring an additional 940 shares during the period. Empowered Funds LLC increased its holdings in shares of Reliance by 4.8% during the 1st 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 during the period. Geneos Wealth Management Inc. increased its holdings in shares of Reliance by 99.2% during the 1st 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 during the period. Walleye Capital LLC increased its holdings in shares of Reliance by 2,192.5% during the 2nd 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 during the period. Finally, Marshall Wace LLP bought a new position in shares of Reliance during the 2nd quarter worth about $1,318,000. Institutional investors own 79.26% of the company's stock.

Insider Buying and Selling at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of the business's stock in a transaction dated 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 transaction, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of the business's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the transaction, the chief operating officer owned 14,021 shares in the company, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,175 shares of company stock worth $10,966,902 over the last ninety days. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RS. KeyCorp boosted their price objective on shares of Reliance from $341.00 to $378.00 and gave the stock an "overweight" rating in a report on Monday, April 27th. Wells Fargo & Company boosted their price objective on shares of Reliance from $323.00 to $330.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 15th. Bank of America downgraded shares of Reliance from a "neutral" rating to an "underperform" rating and set a $365.00 price objective on the stock. in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Reliance from $340.00 to $345.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Reliance from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $344.67.

Reliance Price Performance

Shares of Reliance stock opened at $366.29 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The firm's 50-day simple moving average is $316.50 and its 200-day simple moving average is $304.99. Reliance, Inc. has a twelve month low of $260.31 and a twelve month high of $368.22. The firm has a market cap of $18.70 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 1.26 and a beta of 0.95.

Reliance (NYSE:RS - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share 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 business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business earned $3.77 EPS. 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. As a group, research analysts expect that Reliance, Inc. will post 18.7 EPS for the current fiscal year.

Reliance Announces Dividend

The company also recently declared 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 is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. 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.

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