United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $9.29 Million in Reliance, Inc. $RS

Key Points

• United Super Pty Ltd opened a new position in Reliance, Inc., buying 32,150 shares worth about $9.29 million in the fourth quarter.
• Reliance reported strong quarterly results, with EPS of $5.16 beating estimates and revenue of $4.03 billion topping forecasts, while also issuing Q2 2026 EPS guidance of $5.15 to $5.35.
• Several insiders sold shares recently, while analysts remain cautious overall: the stock has a consensus Hold rating with an average price target of $344.67, even as some firms raised targets.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Reliance, Inc. (NYSE:RS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,150 shares of the industrial products company's stock, valued at approximately $9,287,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.06% of Reliance as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. 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 worth $729,528,000 after buying an additional 166,214 shares during the last quarter. Boston Partners lifted its holdings in shares of Reliance by 27.5% during the third quarter. Boston Partners now owns 2,247,603 shares of the industrial products company's stock worth $631,224,000 after buying an additional 484,286 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Reliance by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company's stock valued at $479,870,000 after purchasing an additional 343,598 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Reliance by 4.8% in the third quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company's stock valued at $320,863,000 after purchasing an additional 51,894 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Reliance by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company's stock worth $270,349,000 after purchasing an additional 2,549 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of the stock in a transaction on Monday, March 9th. The stock was 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 in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares of the company's stock, valued at $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Bank of America cut Reliance from a "neutral" rating to an "underperform" rating and set a $365.00 target price for the company. in a research report on Thursday, April 30th. KeyCorp raised their target price on Reliance from $341.00 to $378.00 and gave the stock an "overweight" rating in a research report on Monday, April 27th. Seaport Research Partners raised their target price on Reliance from $340.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, April 28th. The Goldman Sachs Group assumed coverage on Reliance in a research report on Wednesday, April 1st. They issued a "neutral" rating and a $300.00 target price for the company. Finally, Wells Fargo & Company raised their target price on Reliance from $323.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Reliance currently has a consensus rating of "Hold" and an average price target of $344.67.

Reliance Stock Performance

Reliance stock opened at $377.16 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The stock has a fifty day moving average price of $337.51 and a two-hundred day moving average price of $316.77. Reliance, Inc. has a 52-week low of $260.31 and a 52-week high of $381.00. The firm has a market capitalization of $19.25 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.17 and a beta of 0.95.

Reliance (NYSE:RS - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the company posted $3.77 earnings per share. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, analysts anticipate that Reliance, Inc. will post 18.98 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. Shareholders of record on Friday, May 22nd will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, May 22nd. Reliance's dividend payout ratio is currently 32.62%.

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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