UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,126 Shares of Reliance, Inc. $RS

Posted by Stanley Muller on Sep 2nd, 2026

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Reliance, Inc. (NYSE:RS – Free Report) by 2.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 394,427 shares of the industrial products company’s stock after selling 10,126 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Reliance were worth $147,358,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. XXEC Inc. bought a new position in shares of Reliance during the second quarter valued at approximately $127,493,000. BlackRock Inc. bought a new stake in Reliance in the second quarter valued at $2,171,081,000. Norges Bank bought a new stake in Reliance in the fourth quarter valued at $207,691,000. Boston Partners increased its position in Reliance by 27.5% during the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock valued at $631,224,000 after purchasing an additional 484,286 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Reliance during the 2nd quarter valued at $176,913,000. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Stock Performance

Shares of Reliance stock opened at $390.26 on Wednesday. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $433.02. The firm has a market capitalization of $19.93 billion, a P/E ratio of 22.69, a P/E/G ratio of 0.99 and a beta of 0.96. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $396.69 and a two-hundred day simple moving average of $362.73.

Reliance (NYSE:RS – Get Free Report) last released 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 firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The company’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Reliance, Inc. will post 22.23 earnings per share for the current fiscal year.

Reliance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s payout ratio is presently 29.07%.

Analyst Ratings Changes

Several research firms have recently commented on RS. BMO Capital Markets raised their target price on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Wells Fargo & Company decreased their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of Reliance in a report on Thursday, August 13th. Wall Street Zen cut Reliance from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Zacks Research upgraded Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $377.50.

Check Out Our Latest Report on Reliance

Insider Transactions at Reliance

In other Reliance news, SVP William A. Smith II sold 2,353 shares of the firm’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 transaction of $974,636.13. Following the completion of the transaction, the senior vice president owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Arthur Ajemyan sold 2,200 shares of the firm’s 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 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 position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by corporate insiders.

Reliance Profile

(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.