Reliance, Inc. $RS Position Trimmed by Kennedy Capital Management LLC

Kennedy Capital Management LLC lowered its stake in Reliance, Inc. (NYSE:RS) by 13.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 56,279 shares of the industrial products company’s stock after selling 8,903 shares during the period. Kennedy Capital Management LLC’s holdings in Reliance were worth $15,805,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Advisory Research Inc. boosted its holdings in shares of Reliance by 2.6% in the third quarter. Advisory Research Inc. now owns 1,782 shares of the industrial products company’s stock worth $500,000 after buying an additional 45 shares during the period. Invesco Ltd. raised its stake in shares of Reliance by 32.2% in the 3rd quarter. Invesco Ltd. now owns 178,172 shares of the industrial products company’s stock valued at $50,036,000 after acquiring an additional 43,391 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Reliance by 3.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,437 shares of the industrial products company’s stock worth $8,548,000 after acquiring an additional 1,084 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Reliance by 52.2% during the third quarter. Mackenzie Financial Corp now owns 8,124 shares of the industrial products company’s stock valued at $2,281,000 after acquiring an additional 2,785 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Reliance by 4.8% during the third quarter. Franklin Resources Inc. now owns 1,142,551 shares of the industrial products company’s stock valued at $320,863,000 after acquiring an additional 51,894 shares during the period. 79.26% of the stock is owned by institutional investors.

Reliance Stock Performance

Reliance stock traded down $2.20 on Friday, hitting $297.08. The company’s stock had a trading volume of 35,293 shares, compared to its average volume of 369,254. Reliance, Inc. has a one year low of $250.07 and a one year high of $365.59. The firm has a market cap of $15.37 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.17 and a beta of 0.91. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $323.45 and a 200-day moving average price of $297.40.

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

Reliance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a $1.25 dividend. This is an increase from Reliance’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, March 6th. Reliance’s payout ratio is presently 35.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Reliance from $315.00 to $323.00 and gave the stock an “equal weight” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. lowered Reliance from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $340.00 to $330.00 in a report on Friday, February 20th. BMO Capital Markets downgraded Reliance from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $340.00 to $320.00 in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Reliance from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $324.33.

Reliance News Summary

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: RS unit AMI Metals won multi‑billion‑dollar U.S. infrastructure and defense contracts, which should boost backlog, plant utilization and near‑term revenue visibility for the metals segment. This is the primary positive catalyst supporting the stock today. RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
• Positive Sentiment: Recent analyst commentary shows pockets of optimism on RS, which can support share prices by encouraging buy-side interest and stabilizing sentiment after mixed results. Reliance Inc. (RS) sees optimism from analysts
• Neutral Sentiment: Broader market/sector coverage includes stories about large Indian energy/conglomerate stocks (e.g., pieces asking if Reliance Industries remains a value bet). These items refer to a different company (Reliance Industries/RIL) and are unlikely to change RS’s fundamentals, though they can add noise for investors who confuse the names. India’s most trusted stock wipes out nearly Rs 3 lakh crore this year. Is RIL still a value bet?
• Negative Sentiment: Several outlets report the Enforcement Directorate attaching ~Rs 581 crore in assets tied to Anil Ambani‑led Reliance entities. Although this concerns the Ambani group and not Reliance, Inc., the headline similarity can create investor confusion and headline‑driven selling pressure on the RS ticker. Market reaction today appears partially driven by this name‑confusion risk. ED attaches assets worth Rs 581 cr belonging to Anil Ambani-led Reliance firms
• Negative Sentiment: RS reported Q4 results that missed EPS estimates (reported $2.40 vs. $2.80 consensus) despite a slight revenue beat. Management set Q1 2026 EPS guidance of 4.50–4.70, leaving near‑term earnings visibility mixed — a fundamental negative that likely weighs on the stock alongside headline noise.

Insider Transactions at Reliance

In related news, SVP William A. Smith II sold 6,615 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the transaction, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the transaction, the chief operating officer directly owned 14,021 shares in the company, valued at $4,509,434.02. The trade was a 63.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.35% of the company’s stock.

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.