Quantbot Technologies LP Makes New $4.05 Million Investment in Reliance, Inc. $RS

Quantbot Technologies LP acquired a new stake in shares of Reliance, Inc. (NYSE:RS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,411 shares of the industrial products company’s stock, valued at approximately $4,047,000.

Other large investors have also recently made changes to their positions in the company. Andra AP fonden increased its stake in Reliance by 109.7% during the third quarter. Andra AP fonden now owns 56,000 shares of the industrial products company’s stock worth $15,726,000 after acquiring an additional 29,300 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Reliance during the third quarter worth $413,000. Xponance Inc. raised its position in Reliance by 1.2% in the 3rd quarter. Xponance Inc. now owns 9,050 shares of the industrial products company’s stock valued at $2,542,000 after purchasing an additional 109 shares in the last quarter. Choreo LLC lifted its stake in Reliance by 2.9% in the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 39 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Reliance by 7.3% during the 3rd quarter. US Bancorp DE now owns 2,432 shares of the industrial products company’s stock worth $683,000 after purchasing an additional 165 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RS shares. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research note on Monday, December 29th. Wells Fargo & Company lifted their price objective on Reliance from $287.00 to $315.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Wall Street Zen downgraded Reliance from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, KeyCorp reissued an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Reliance presently has a consensus rating of “Hold” and a consensus target price of $321.67.

Reliance Stock Down 0.3%

Reliance stock opened at $315.25 on Monday. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $365.59. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92. The stock’s fifty day moving average is $320.25 and its two-hundred day moving average is $296.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period last year, the business earned $2.22 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Analysts predict that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. This is a positive change from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Friday, March 6th. Reliance’s payout ratio is presently 35.79%.

Insider Activity

In related news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.

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.