1,760 Shares in Reliance, Inc. $RS Acquired by Odyssean LLC

Odyssean LLC acquired a new stake in shares of Reliance, Inc. (NYSE:RS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,760 shares of the industrial products company’s stock, valued at approximately $658,000.

Several other large investors have also recently added to or reduced their stakes in RS. XXEC Inc. acquired a new position in shares of Reliance in the second quarter worth $127,493,000. BlackRock Inc. acquired a new stake in Reliance during the second quarter valued at $2,171,081,000. Norges Bank purchased a new position in Reliance in the fourth quarter valued at about $207,691,000. Boston Partners grew its stake in Reliance by 27.5% in the third 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 in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Reliance in the 2nd quarter worth about $176,913,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Price Performance

Shares of RS stock opened at $390.63 on Thursday. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $433.02. The company has a market capitalization of $19.95 billion, a P/E ratio of 22.71, a P/E/G ratio of 0.99 and a beta of 0.96. The stock has a 50 day moving average of $397.51 and a two-hundred day moving average of $361.79. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.Reliance’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts expect that Reliance, Inc. will post 22.23 EPS for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s payout ratio is 29.07%.

Analyst Ratings Changes

RS has been the subject of a number of recent research reports. Zacks Research raised Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Reliance from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Citigroup restated a “neutral” rating on shares of Reliance in a report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reliance in a research note on Thursday, August 13th. Finally, KeyCorp boosted 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $377.50.

Insiders Place Their Bets

In other news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $410.11, for a total transaction of $902,242.00. Following the sale, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. The trade was a 13.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William A. Smith II sold 2,353 shares of Reliance stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the sale, the senior vice president owned 19,394 shares in the company, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.40% of the company’s stock.

Reliance Company 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.