SG Americas Securities LLC Sells 13,690 Shares of Reliance, Inc. $RS

Key Points

• SG Americas Securities LLC reduced its stake in Reliance by 73.2%, selling 13,690 shares and ending the quarter with 5,010 shares worth $1,447,000.
• Company insiders made sizable sales: COO Stephen Paul Koch sold 24,060 shares for about $7.74 million (a 63.18% cut to his stake) and SVP William A. Smith II sold 6,615 shares for about $1.98 million, leaving insiders with roughly 0.35% ownership.
• Reliance missed Q4 EPS estimates ($2.40 vs. $2.80) though revenue rose 11.9%, set Q1 2026 EPS guidance of $4.50–$4.70, and carries a consensus analyst rating of Hold with a $322.80 target.

SG Americas Securities LLC lessened its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 73.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,010 shares of the industrial products company's stock after selling 13,690 shares during the period. SG Americas Securities LLC's holdings in Reliance were worth $1,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RS. Elevation Wealth Partners LLC purchased a new position in shares of Reliance during the fourth quarter valued at approximately $28,000. Quarry LP bought a new position in shares of Reliance during the third quarter valued at approximately $32,000. Guerra Advisors Inc purchased a new stake in Reliance in the third quarter worth $34,000. Root Financial Partners LLC bought a new stake in Reliance in the third quarter valued at $38,000. Finally, Advisory Services Network LLC bought a new stake in Reliance in the third quarter valued at $39,000. Institutional investors own 79.26% of the company's stock.

Insider Activity at Reliance

In other news, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the sale, the senior vice president owned 21,747 shares in the company, valued at $6,493,871.67. The trade was a 23.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is currently owned by company insiders.

Reliance Stock Performance

Shares of Reliance stock opened at $306.37 on Tuesday. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $365.59. The firm has a market capitalization of $15.85 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.15 and a beta of 0.88. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $318.27 and a two-hundred day simple moving average of $298.24.

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

Reliance Increases Dividend

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

Analysts Set New Price Targets

RS has been the subject of several research reports. Zacks Research upgraded shares of Reliance from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 3rd. BMO Capital Markets lowered shares of Reliance from an "outperform" rating to a "market perform" rating and cut their target price for the company from $340.00 to $320.00 in a research note on Friday, February 20th. Wall Street Zen downgraded shares of Reliance from a "buy" rating to a "hold" rating in a research note on Sunday, March 1st. Wells Fargo & Company raised their price objective on shares of Reliance from $315.00 to $323.00 and gave the stock an "equal weight" rating in a report on Monday, March 2nd. Finally, KeyCorp assumed coverage on Reliance in a research report on Wednesday, March 25th. They set an "overweight" rating and a $341.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Reliance presently has a consensus rating of "Hold" and a consensus price target 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.

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