PensionDanmark Pensionsforsikringsaktieselskab Purchases 8,246 Shares of Reliance, Inc. $RS

Key Points

• PensionDanmark increased its Reliance stake by 542.5% in the second quarter, purchasing 8,246 shares and bringing its holdings to 9,766 shares worth approximately $3.65 million. Institutional investors collectively own 79.26% of the company.
• Reliance exceeded quarterly expectations, reporting EPS of $6.27 versus the $5.47 consensus and revenue of $4.63 billion versus $4.26 billion expected. Zacks raised several 2026–2027 earnings forecasts, although 2028 estimates were lowered.
• Shares opened near their 12-month high at $424.21, while the company declared a quarterly dividend of $1.25 per share ($5 annualized; 1.2% yield). The analyst consensus remains “Hold,” with an average price target of $378.67.

PensionDanmark Pensionsforsikringsaktieselskab grew its position in Reliance, Inc. (NYSE:RS - Free Report) by 542.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,766 shares of the industrial products company's stock after purchasing an additional 8,246 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Reliance were worth $3,649,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in Reliance in the 1st quarter valued at about $30,000. Brown Brothers Harriman & Co. lifted its position in shares of Reliance by 86.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company's stock worth $31,000 after buying an additional 50 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in shares of Reliance in the 4th quarter worth approximately $32,000. Quarry LP purchased a new position in shares of Reliance in the 3rd quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Reliance by 87.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 55 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Broad upward revisions to 2026–2027 earnings: Zacks Research raised its FY2026 EPS estimate to $22.57 from $18.07, FY2027 to $21.24 from $18.44, Q3 2026 to $6.50 from $4.14, and Q4 2026 to $4.64 from $3.61. Estimates for Q3 and Q4 2027 were also increased. These revisions suggest stronger expected profitability for Reliance’s industrial-products business. Reliance analyst estimate revisions
• Positive Sentiment: Analyst conviction remains strong: Despite mixed revisions, Zacks maintained a “Strong-Buy” rating. The estimate increases are particularly notable after Reliance’s latest quarterly report exceeded expectations, with EPS of $6.27 versus the $5.47 consensus and revenue of $4.63 billion versus the $4.26 billion estimate. Reliance earnings and analyst rating
• Neutral Sentiment: Some estimates were revised only modestly: Zacks lifted its Q2 2027 EPS forecast to $5.48 from $5.41 and raised its Q1 2027 forecast to $5.09 from $4.97. These changes provide limited incremental impact on valuation.
• Neutral Sentiment: Several similarly named businesses are unrelated to RS: Reports on Reliance Power’s quarterly results and Reliance Digital’s promotional sale concern Indian companies or businesses, not Reliance, Inc. Therefore, they should not materially affect NYSE-listed RS. Reliance Power report Reliance Digital sale
• Negative Sentiment: Longer-term earnings forecasts were reduced: Zacks cut Q1 2028 EPS to $4.45 from $5.20, Q2 2028 to $4.66 from $5.47, and FY2028 to $18.09 from $19.32. The reductions indicate some concern about earnings normalization beyond 2027 and could limit further upside if investors focus on longer-term valuation.

Insider Buying and Selling at Reliance

In other news, CFO Arthur Ajemyan sold 2,200 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the transaction, the chief financial officer owned 14,640 shares in the company, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William A. Smith II sold 2,353 shares of Reliance stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the sale, the senior vice president directly owned 19,394 shares of the company's stock, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by corporate insiders.

Reliance Trading Up 0.1%

Shares of RS stock opened at $424.21 on Monday. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.66 billion, a P/E ratio of 24.66, a PEG ratio of 1.09 and a beta of 0.96. The company has a 50 day moving average of $395.49 and a 200-day moving average of $354.78. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $424.77.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating the consensus estimate of $5.47 by $0.80. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the prior year, the business earned $4.43 earnings per share. Reliance's revenue for the quarter was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts anticipate that Reliance, Inc. will post 22.23 earnings per share for the current year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance's dividend payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RS. Seaport Research Partners lifted their price target on Reliance from $340.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, April 28th. BMO Capital Markets upped their price objective on Reliance from $390.00 to $415.00 and gave the company a "market perform" rating in a research note on Monday, July 27th. Weiss Ratings raised Reliance from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, May 18th. KeyCorp lifted their target price on Reliance from $378.00 to $418.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Reliance from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $378.67.

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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