Danske Bank A S Buys 3,212 Shares of Reliance, Inc. $RS

Key Points

• Danske Bank increased its stake in Reliance by 3.1%, buying 3,212 shares to hold 106,949 shares (≈0.20%) worth $30.89 million; institutional investors now own about 79.26% of the stock.
• Reliance beat Q1 estimates with EPS of $5.16 (vs. $4.63 est.) and revenue of $4.03B (vs. $3.89B), set Q2 2026 guidance of $5.150–$5.350, and carries a consensus analyst rating of Hold with a $344.67 price target.
• Company insiders have sold a total of 34,175 shares (~$10.97M) over the past 90 days (including the CFO's 3,500-share sale), and Reliance declared a quarterly dividend of $1.25 ($5.00 annual, 1.4% yield).

Danske Bank A S increased its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,949 shares of the industrial products company's stock after purchasing an additional 3,212 shares during the quarter. Danske Bank A S owned about 0.20% of Reliance worth $30,894,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RS. Royal Bank of Canada grew its stake in shares of Reliance by 6.6% during the first 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 grew its stake 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 valued at $1,635,000 after purchasing an additional 258 shares during the last quarter. Geneos Wealth Management Inc. grew its stake 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 valued at $76,000 after purchasing an additional 131 shares during the last quarter. Walleye Capital LLC grew its stake 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 valued at $381,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Reliance during the second quarter valued at approximately $1,318,000. 79.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RS has been the topic of several research analyst reports. BMO Capital Markets increased their price target on shares of Reliance from $320.00 to $350.00 and gave the company a "market perform" rating in a research note on Monday, April 27th. Seaport Research Partners increased their price target on shares of Reliance from $340.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday. Wells Fargo & Company increased their price target 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. JPMorgan Chase & Co. increased their price target 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. Finally, Zacks Research raised shares of Reliance from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Reliance presently has a consensus rating of "Hold" and a consensus price target of $344.67.

Insider Buying and Selling

In related news, CFO Arthur Ajemyan sold 3,500 shares of the firm's 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 sale, the chief financial officer directly owned 16,840 shares in the company, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP William A. Smith II sold 6,615 shares of the firm's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the completion of the transaction, the senior vice president directly owned 21,747 shares of the company's stock, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,175 shares of company stock worth $10,966,902 over the last ninety days. Company insiders own 0.40% of the company's stock.

Reliance Trading Up 1.0%

Shares of NYSE:RS opened at $366.29 on Friday. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $368.22. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. The company's fifty day simple moving average is $316.50 and its 200 day simple moving average is $304.78. The firm has a market cap of $18.95 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 1.24 and a beta of 0.88.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping 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 business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period last year, the business posted $3.77 earnings per share. The firm's quarterly 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 forecast that Reliance, Inc. will post 18.7 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. Reliance's dividend payout ratio (DPR) is presently 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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