CX Institutional Sells 5,046 Shares of Reliance, Inc. $RS

CX Institutional decreased its stake in shares of Reliance, Inc. (NYSE:RS) by 80.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,197 shares of the industrial products company’s stock after selling 5,046 shares during the period. CX Institutional’s holdings in Reliance were worth $336,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Focus Partners Wealth raised its position in Reliance by 387.5% in the 1st quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock valued at $2,138,000 after buying an additional 5,886 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Reliance by 31.3% in the second quarter. Thrivent Financial for Lutherans now owns 29,964 shares of the industrial products company’s stock worth $9,406,000 after purchasing an additional 7,146 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Reliance by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock worth $133,196,000 after purchasing an additional 46,377 shares during the last quarter. JPMorgan Chase & Co. grew its position in Reliance by 6.1% in the second quarter. JPMorgan Chase & Co. now owns 229,418 shares of the industrial products company’s stock valued at $72,015,000 after purchasing an additional 13,268 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Reliance by 35.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 19,467 shares of the industrial products company’s stock valued at $5,467,000 after buying an additional 5,144 shares during the last quarter. 79.26% of the stock is owned by institutional investors.

Reliance Stock Up 0.4%

Shares of RS opened at $309.16 on Friday. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $347.43. The firm’s 50 day moving average is $284.65 and its 200-day moving average is $291.66. The stock has a market capitalization of $16.17 billion, a PE ratio of 22.60, a P/E/G ratio of 1.58 and a beta of 0.92.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.64 EPS. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities research analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Insider Transactions at Reliance

In related news, CEO Karla R. Lewis sold 5,809 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the completion of the sale, the chief executive officer owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Stephen Paul Koch sold 3,066 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.56, for a total transaction of $869,394.96. Following the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $3,975,794.76. This trade represents a 17.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, December 5th. BMO Capital Markets decreased their price target on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Wells Fargo & Company upped their price objective on Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Reliance from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $317.25.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Major press reports say Reliance Jio is planning a large IPO (small float reported ~2.5%), which could unlock significant value and has lifted investor sentiment around Reliance-related assets. Read More.
• Positive Sentiment: Additional coverage frames the Jio listing as a “mega IPO” that could dwarf other recent listings, reinforcing positive headlines and risk-on flows into stocks tied to the Reliance name. Read More.
• Neutral Sentiment: KeyCorp reiterated an Overweight stance but published a FY estimate (FY2025 EPS $14.80) that is below the consensus $16.98 — a mixed signal (positive conviction from the analyst but weaker near-term earnings forecast). Read More.
• Neutral Sentiment: Aggregated analyst coverage shows a consensus rating of “Hold” for Reliance, suggesting limited conviction for a strong near-term rerating despite positive IPO headlines. Read More.
• Negative Sentiment: Separate India-market pieces note a recent erosion in Reliance Industries’ market value and the upcoming Q3 results date — headlines that can increase volatility and pressure sentiment if RIL (the parent of Jio) reports weaker numbers. Investors in RS may be influenced by these headlines, though they relate to the India-listed group rather than NYSE:RS directly. Read More.
• Negative Sentiment: Coverage noting a large single-day valuation drop for Reliance Industries in India could weigh on sentiment and cause short-term profit-taking in stocks with the Reliance name. Read More.

About Reliance

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.