OMERS ADMINISTRATION Corp acquired a new position in Reliance, Inc. (NYSE:RS – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,427 shares of the industrial products company’s stock, valued at approximately $3,522,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in Reliance during the 1st quarter valued at about $30,000. Brown Brothers Harriman & Co. grew 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 during the period. Greenline Wealth Management LLC bought a new stake in shares of Reliance during the fourth quarter worth approximately $32,000. Quarry LP acquired a new position in Reliance in the third quarter valued at approximately $32,000. Finally, Parkside Financial Bank & Trust boosted its stake in 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 during the last quarter. 79.26% of the stock is owned by institutional investors.
Insider Transactions at Reliance
In related news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the sale, the chief financial officer owned 14,640 shares of the company’s stock, valued at approximately $6,004,010.40. This trade represents a 13.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William A. Smith II sold 2,353 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were 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 owned 19,394 shares in the company, valued at $8,033,188.74. The trade was a 10.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on RS
Reliance Trading Up 0.5%
NYSE:RS opened at $384.48 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27. The business’s 50-day simple moving average is $397.77 and its 200-day simple moving average is $361.45. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $433.02. The stock has a market capitalization of $19.63 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 0.98 and a beta of 0.96.
Reliance (NYSE:RS – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the business earned $4.43 EPS. Reliance’s revenue for the quarter was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Reliance, Inc. will post 22.23 earnings per share for the current fiscal year.
Reliance Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $1.25 per share. The ex-dividend date is Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Reliance’s dividend payout ratio (DPR) is presently 29.07%.
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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