VIRGINIA RETIREMENT SYSTEMS ET Al Invests $24.89 Million in Reliance, Inc. $RS

Posted by Brenda Bartman on Sep 8th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Reliance, Inc. (NYSE:RS – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 66,611 shares of the industrial products company’s stock, valued at approximately $24,886,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.13% of Reliance as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in RS. Costello Asset Management INC purchased a new stake in Reliance in the first quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new position in Reliance in the second quarter worth approximately $37,000. Brown Brothers Harriman & Co. lifted its holdings in Reliance by 86.2% during the fourth 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. Compass Financial Management LLC purchased a new position in shares of Reliance in the 2nd quarter valued at $46,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of Reliance in the 2nd quarter worth $41,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Wall Street Analysts Forecast Growth

RS has been the subject of a number of recent research reports. Zacks Research upgraded shares of Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Wells Fargo & Company lowered their price target on shares of Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a report on Monday, August 24th. Citigroup reaffirmed a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. KeyCorp boosted their price objective on shares of Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Finally, BMO Capital Markets increased their target price on shares of Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $377.50.

Check Out Our Latest Stock Analysis on RS

Reliance Price Performance

NYSE RS opened at $401.15 on Tuesday. 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 stock’s fifty day moving average price is $397.47 and its 200 day moving average price is $364.25. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $433.02. The company has a market cap of $20.48 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.03 and a beta of 0.96.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. The company 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%.The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the business posted $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts forecast that Reliance, Inc. will post 22.23 earnings per share for the current year.

Reliance Announces Dividend

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

Insider Transactions at Reliance

In related news, SVP William Smith, II sold 2,353 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the sale, the senior vice president owned 19,394 shares in the company, valued at $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Arthur Ajemyan sold 2,200 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 14,640 shares in the company, valued at approximately $6,004,010.40. This trade represents a 13.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

Reliance Company 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.