Raiffeisen Bank International AG Cuts Stock Position in Reliance, Inc. $RS

Posted by Brian Himes on Sep 5th, 2026

Raiffeisen Bank International AG lessened its stake in shares of Reliance, Inc. (NYSE:RS – Free Report) by 34.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,087 shares of the industrial products company’s stock after selling 2,675 shares during the period. Raiffeisen Bank International AG’s holdings in Reliance were worth $1,905,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Reliance by 1.7% in the first quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock worth $580,000 after acquiring an additional 31 shares during the last quarter. Greenleaf Trust raised its position in shares of Reliance by 2.0% in the 2nd quarter. Greenleaf Trust now owns 1,614 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 32 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Reliance by 0.9% in 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 last quarter. First Citizens Bank & Trust Co. boosted its stake in Reliance by 1.7% in 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 in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analysts Set New Price Targets

RS has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Reliance from $398.00 to $391.00 and set an “equal weight” rating for the company in a research note on Monday, August 24th. Wall Street Zen downgraded shares of Reliance from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 31st. Citigroup reiterated a “neutral” rating on shares of Reliance in a report on Wednesday, July 29th. Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $377.50.

View Our Latest Analysis on Reliance

Reliance Price Performance

NYSE RS opened at $401.15 on Friday. Reliance, Inc. has a one year low of $260.31 and a one year high of $433.02. The stock has a 50-day moving average of $396.94 and a 200 day moving average of $363.68. The company has a market capitalization of $20.48 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.02 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30.

Reliance (NYSE:RS – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.Reliance’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts forecast that Reliance, Inc. will post 22.23 EPS for the current year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $1.25 per share. The ex-dividend date was Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Reliance’s dividend payout ratio is 29.07%.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $410.11, for a total value of $902,242.00. Following the completion of the sale, the chief financial officer owned 14,640 shares of the company’s stock, valued at approximately $6,004,010.40. The trade was a 13.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William A. Smith II sold 2,353 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by corporate insiders.

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.