Reliance, Inc. $RS Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment raised its stake in Reliance by 9.9% to 41,526 shares (worth ~$11.66M), and other large institutions — including State Street, Boston Partners and Wellington — hold the bulk of shares, with institutional ownership at about 79.26%.
• Reliance reported quarterly EPS of $2.40, missing estimates of $2.80 while revenue of $3.50B slightly beat expectations and was up 11.9% year‑over‑year; the company guided Q1 2026 EPS to $4.50–4.70 and analysts project ~16.98 EPS for the fiscal year.
• The company raised its quarterly dividend to $1.25 ($5.00 annual, ~1.6% yield and a 35.8% payout ratio), even as insiders (including the SVP and COO) sold shares recently and insider ownership remains low at ~0.35%.

Tudor Investment Corp ET AL lifted its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,526 shares of the industrial products company's stock after acquiring an additional 3,724 shares during the quarter. Tudor Investment Corp ET AL owned 0.08% of Reliance worth $11,662,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp lifted its holdings in shares of Reliance by 6.8% during the third quarter. State Street Corp now owns 2,597,755 shares of the industrial products company's stock valued at $729,528,000 after purchasing an additional 166,214 shares during the last quarter. Boston Partners increased its stake in Reliance by 27.5% in the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company's stock worth $631,224,000 after purchasing an additional 484,286 shares in the last quarter. Wellington Management Group LLP increased its stake in Reliance by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company's stock worth $479,870,000 after purchasing an additional 343,598 shares in the last quarter. Franklin Resources Inc. raised its holdings in Reliance by 4.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company's stock worth $320,863,000 after buying an additional 51,894 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Reliance by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company's stock worth $212,243,000 after buying an additional 30,765 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Trading Up 0.0%

Shares of NYSE RS opened at $305.43 on Monday. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. Reliance, Inc. has a one year low of $250.07 and a one year high of $365.59. The business has a 50-day moving average price of $318.66 and a two-hundred day moving average price of $298.11. The firm has a market capitalization of $15.80 billion, a PE ratio of 21.86, a PEG ratio of 1.15 and a beta of 0.88.

Reliance (NYSE:RS - Get Free Report) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing analysts' consensus estimates of $2.80 by ($0.40). The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.45 billion. Reliance had a net margin of 5.17% and a return on equity of 10.45%. Reliance's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, March 6th. This is a positive change from Reliance's previous quarterly dividend of $1.20. Reliance's payout ratio is currently 35.79%.

Insider Buying and Selling

In other Reliance news, SVP William A. Smith II sold 6,615 shares of Reliance 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 sale, the senior vice president owned 21,747 shares of the company's stock, valued at $6,493,871.67. This trade represents a 23.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of the business's stock in a transaction on 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 transaction, the chief operating officer owned 14,021 shares in the company, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.35% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RS has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut shares of Reliance from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $340.00 to $330.00 in a report on Friday, February 20th. The Goldman Sachs Group began coverage on shares of Reliance in a report on Wednesday, April 1st. They set a "neutral" rating and a $300.00 price target on the stock. Wall Street Zen downgraded shares of Reliance from a "buy" rating to a "hold" rating in a research report on Sunday, March 1st. BMO Capital Markets lowered shares of Reliance from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Reliance in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $322.80.

Reliance Profile

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.

Want to see what other hedge funds are holding RS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reliance, Inc. (NYSE:RS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.