Reliance, Inc. $RS Shares Acquired by Squarepoint Ops LLC

Posted by Geri Gentry on Sep 12th, 2026

Squarepoint Ops LLC boosted its stake in Reliance, Inc. (NYSE:RS – Free Report) by 62.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,445 shares of the industrial products company’s stock after buying an additional 5,958 shares during the period. Squarepoint Ops LLC’s holdings in Reliance were worth $5,770,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Costello Asset Management INC bought a new position in shares of Reliance in the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. raised 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 purchasing an additional 50 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in Reliance in the fourth quarter worth approximately $32,000. Quarry LP bought a new position in Reliance during the 3rd quarter valued at $32,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Reliance by 87.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on RS shares. 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 note on Monday, July 27th. KeyCorp lifted their target price on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reliance in a research report on Thursday, August 13th. JPMorgan Chase & Co. lowered their price objective on shares of Reliance from $398.00 to $390.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company dropped their price target on Reliance from $398.00 to $391.00 and set an “equal weight” rating on the stock in a report on Monday, August 24th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $379.83.

Read Our Latest Research Report on RS

Reliance Stock Performance

Shares of Reliance stock opened at $393.90 on Friday. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $433.02. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. The stock has a market cap of $20.11 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 0.99 and a beta of 0.96. The business has a fifty day simple moving average of $399.24 and a 200-day simple moving average of $365.90.

Reliance (NYSE:RS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, beating the consensus estimate of $5.47 by $0.80. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the previous year, the firm earned $4.43 earnings per share. Reliance’s quarterly revenue was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, sell-side analysts anticipate that Reliance, Inc. will post 22.53 EPS for the current fiscal year.

Reliance Announces Dividend

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 of this dividend was Friday, August 14th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance’s payout ratio is presently 29.07%.

Insider Activity at Reliance

In other news, 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 transaction, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. The trade was a 10.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Arthur Ajemyan sold 2,200 shares of the company’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 completion of the transaction, the chief financial officer directly owned 14,640 shares in the company, valued at $6,004,010.40. This trade represents a 13.06% 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 corporate insiders.

Reliance Profile

(Free Report)

Reliance, Inc (NYSE: RS) is a diversified metals service center company that purchases, processes and distributes metals and related industrial products. Its product portfolio includes carbon steel, aluminum, stainless steel, copper, brass, titanium and other specialty metals.

The company provides value-added processing services such as cutting, leveling, sawing, machining, forming and preparing materials to customer specifications. These services help manufacturers and other commercial users reduce material-handling requirements and obtain metals in ready-to-use forms.

Founded in 1939 and headquartered in Los Angeles, California, Reliance serves customers through a network of operations primarily across North America, with additional international capabilities.