Reliance, Inc. $RS Shares Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon Corp increased its Reliance stake by 13.4% in the fourth quarter, buying 62,270 additional shares and bringing its total to 528,629 shares valued at about $152.7 million.
• Reliance reported strong quarterly results, with EPS of $5.16 and revenue of $4.03 billion, both above analyst expectations. Revenue also rose 15.1% year over year, and the company guided Q2 2026 EPS to $5.15-$5.35.
• Analysts remain mixed on the stock despite higher price targets from several firms; the consensus rating is Hold with an average target price of $352.33. Reliance shares were trading at $394.16, near their 52-week high of $401.41.

Bank of New York Mellon Corp raised its position in Reliance, Inc. (NYSE:RS - Free Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 528,629 shares of the industrial products company's stock after purchasing an additional 62,270 shares during the period. Bank of New York Mellon Corp owned about 1.01% of Reliance worth $152,705,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Kathmere Capital Management LLC boosted its stake in shares of Reliance by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company's stock valued at $227,000 after acquiring an additional 37 shares during the last quarter. Choreo LLC boosted its stake in shares of Reliance by 2.9% during the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company's stock valued at $383,000 after acquiring an additional 39 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Reliance by 4.4% during the fourth quarter. GAMMA Investing LLC now owns 965 shares of the industrial products company's stock valued at $279,000 after acquiring an additional 41 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Reliance by 1.5% during the third quarter. Fisher Asset Management LLC now owns 2,935 shares of the industrial products company's stock valued at $824,000 after acquiring an additional 43 shares during the last quarter. Finally, Advisory Research Inc. boosted its stake in shares of Reliance by 2.6% during the third quarter. Advisory Research Inc. now owns 1,782 shares of the industrial products company's stock valued at $500,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

Analyst Ratings Changes

RS has been the topic of a number of research analyst reports. KeyCorp raised their price target on Reliance from $341.00 to $378.00 and gave the stock an "overweight" rating in a research note on Monday, April 27th. JPMorgan Chase & Co. raised their price target on Reliance from $340.00 to $345.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. BMO Capital Markets raised their price target on Reliance from $320.00 to $350.00 and gave the stock a "market perform" rating in a research note on Monday, April 27th. Seaport Research Partners raised their price target on Reliance from $340.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group started coverage on Reliance in a research note on Wednesday, April 1st. They issued a "neutral" rating and a $300.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Reliance presently has a consensus rating of "Hold" and an average target price of $352.33.

Reliance Stock Performance

Shares of NYSE:RS opened at $394.16 on Friday. The company has a market cap of $20.12 billion, a P/E ratio of 25.71, a PEG ratio of 1.22 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. Reliance, Inc. has a one year low of $260.31 and a one year high of $401.41. The business's 50-day simple moving average is $348.86 and its 200 day simple moving average is $321.40.

Reliance (NYSE:RS - Get Free Report) last announced its 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. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company's revenue was up 15.1% on a year-over-year basis. During the same period last year, the business posted $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts forecast that Reliance, Inc. will post 18.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 22nd. Reliance's dividend payout ratio (DPR) is 32.62%.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, April 27th. The stock was 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 owned 16,840 shares in the company, valued at $6,030,740.80. This trade represents a 17.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the firm's stock in a transaction that occurred on 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 sale, the senior vice president 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. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by company insiders.

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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