173,292 Reliance, Inc. $RS Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in shares of Reliance, Inc. (NYSE:RS – Free Report) by 124.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 312,324 shares of the industrial products company’s stock after acquiring an additional 173,292 shares during the period. Robeco Institutional Asset Management B.V. owned 0.61% of Reliance worth $120,167,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. XXEC Inc. bought a new stake in Reliance in the 2nd quarter valued at about $127,493,000. BlackRock Inc. acquired a new position in Reliance during the 2nd quarter valued at about $2,171,081,000. Bank of New York Mellon Corp acquired a new position in Reliance during the 2nd quarter valued at about $176,913,000. William Blair Investment Management LLC bought a new position in Reliance in the 2nd quarter worth about $142,900,000. Finally, Corient Private Wealth LP bought a new position in Reliance in the 2nd quarter worth about $129,799,000. Institutional investors own 79.26% of the company’s stock.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

  • Positive Sentiment: Large earnings and revenue beats: Reliance reported quarterly earnings of $8.02 per share, above estimates ranging from $6.76 to $6.83 and up sharply from $3.64 a year earlier. Revenue reached a record $5.21 billion, exceeding the $4.74 billion consensus estimate and rising 42.8% year over year. Reliance Tops Q3 Earnings and Revenue Estimates
  • Positive Sentiment: Broad operating momentum: Tons sold increased 4.3% sequentially and 15.6% year over year, while pretax income more than doubled to $531.9 million. The results suggest strong demand and improved profitability across the company’s industrial products businesses. Reliance Third Quarter 2026 Financial Results
  • Positive Sentiment: Enhanced shareholder returns: Reliance returned approximately $109 million to shareholders through dividends and repurchases, and increased its share-repurchase authorization to $2.5 billion. This provides an additional potential source of support for the stock.
  • Neutral Sentiment: Analyst metric comparisons reinforce the beat: Zacks noted that key operating metrics were stronger than both Wall Street forecasts and year-ago levels, though investors will still assess whether the elevated growth rate can continue.
  • Negative Sentiment: Insider selling is a minor caution: Company insiders reported six open-market sales and no purchases during the past six months. These transactions may weigh modestly on sentiment, although they are small relative to Reliance’s market capitalization and do not offset the earnings strength.

Reliance Trading Up 0.5%

NYSE:RS opened at $419.26 on Thursday. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $433.02. The stock has a market cap of $21.41 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.96 and a beta of 0.95. The business has a fifty day moving average of $397.92 and a 200-day moving average of $384.60. 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 quarterly earnings results on Wednesday, October 21st. The industrial products company reported $8.02 EPS for the quarter, beating analysts’ consensus estimates of $6.83 by $1.19. Reliance had a return on equity of 12.51% and a net margin of 5.65%. The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same period last year, the company earned $3.64 earnings per share. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. Equities analysts predict that Reliance, Inc. will post 23.70 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on RS shares. Wells Fargo & Company dropped their price target on shares of Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a research note on Monday, August 24th. Weiss Ratings raised Reliance from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price target on Reliance from $390.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, October 9th. BMO Capital Markets boosted their price objective on Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Finally, Zacks Research raised Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Reliance presently has a consensus rating of “Hold” and a consensus price target of $387.43.

Get Our Latest Report on RS

Insider Transactions at Reliance

In related news, CFO Arthur Ajemyan sold 2,200 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 14,640 shares in the company, valued at $6,004,010.40. This represents a 13.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP William Smith, II sold 2,353 shares of the firm’s 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 transaction, the senior vice president directly owned 19,394 shares in the company, valued at approximately $8,033,188.74. The trade was a 10.82% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.40% of the company’s stock.

About Reliance

(Free Report)

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.

See Also

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Institutional Ownership by Quarter for Reliance (NYSE:RS)

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