Hsbc Holdings PLC Acquires New Position in Reliance, Inc. $RS

Posted by Brenda Bartman on Aug 27th, 2026

Hsbc Holdings PLC acquired a new position in shares of Reliance, Inc. (NYSE:RS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 226,697 shares of the industrial products company’s stock, valued at approximately $84,764,000.

A number of other large investors have also recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in Reliance by 1.7% in the first quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock valued at $580,000 after acquiring an additional 31 shares during the period. Venturi Wealth Management LLC raised its position in shares of Reliance by 0.9% during the 1st quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock worth $1,209,000 after purchasing an additional 34 shares during the period. First Citizens Bank & Trust Co. raised its position in shares of Reliance by 1.7% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock worth $588,000 after purchasing an additional 35 shares during the period. Kathmere Capital Management LLC lifted its holdings in shares of Reliance by 4.8% in the 1st quarter. Kathmere Capital Management LLC now owns 824 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 38 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Reliance by 27.6% in the 1st quarter. Root Financial Partners LLC now owns 185 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on RS shares. Zacks Research upgraded Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. KeyCorp raised their target price on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Citigroup reiterated a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Reliance from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Reliance in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Reliance has an average rating of “Hold” and an average price target of $377.50.

Check Out Our Latest Research Report on RS

Insiders Place Their Bets

In other news, CFO Arthur Ajemyan sold 2,200 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the transaction, the chief financial officer directly 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 ownership of the stock. The sale 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 2,353 shares of Reliance stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the sale, the senior vice president owned 19,394 shares in the company, valued at approximately $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.40% of the stock is currently owned by company insiders.

Reliance Stock Performance

Shares of NYSE RS opened at $390.63 on Thursday. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $433.02. The company has a market cap of $19.95 billion, a PE ratio of 22.71, a P/E/G ratio of 0.99 and a beta of 0.96. The stock has a 50 day simple moving average of $397.51 and a 200-day simple moving average of $361.79. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22.

Reliance (NYSE:RS – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating the consensus estimate of $5.47 by $0.80. The firm had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The firm’s revenue was up 26.5% compared to the same quarter last year. During the same period last year, the firm earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts forecast that Reliance, Inc. will post 22.23 EPS for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s dividend payout ratio (DPR) is 29.07%.

About Reliance

(Free Report)

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.