TD Asset Management Inc Has $26.68 Million Stock Holdings in Reliance, Inc. $RS

TD Asset Management Inc decreased its holdings in shares of Reliance, Inc. (NYSE:RS) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,353 shares of the industrial products company’s stock after selling 17,587 shares during the period. TD Asset Management Inc’s holdings in Reliance were worth $26,678,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC bought a new stake in shares of Reliance in the 4th quarter valued at approximately $28,000. Quarry LP bought a new position in shares of Reliance during the 3rd quarter worth approximately $32,000. Elyxium Wealth LLC acquired a new stake in Reliance in the 4th quarter valued at $36,000. Sound Income Strategies LLC acquired a new stake in Reliance in the 4th quarter valued at $40,000. Finally, Advisory Services Network LLC bought a new stake in Reliance in the third quarter valued at $39,000. 79.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Reliance Trading Down 0.1%

RS stock opened at $394.16 on Monday. The business has a fifty day moving average price of $348.86 and a 200 day moving average price of $321.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $401.41. The stock has a market capitalization of $20.12 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 1.22 and a beta of 0.95.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.63 by $0.53. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Analysts expect that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $1.25 per share. The ex-dividend date was Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s dividend payout ratio is 32.62%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. The Goldman Sachs Group started coverage on shares of Reliance in a research note on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $352.33.

Reliance Profile

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.