Life Cycle Investment Partners Ltd Invests $24.15 Million in Reliance, Inc. $RS

Life Cycle Investment Partners Ltd purchased a new position in shares of Reliance, Inc. (NYSE:RS) in the fourth quarter, HoldingsChannel reports. The fund purchased 83,617 shares of the industrial products company’s stock, valued at approximately $24,154,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in shares of Reliance by 6.8% during the third quarter. State Street Corp now owns 2,597,755 shares of the industrial products company’s stock worth $729,528,000 after buying an additional 166,214 shares in the last quarter. Boston Partners grew its holdings 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 during the period. Wellington Management Group LLP grew its holdings in Reliance by 25.2% in the third quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after purchasing an additional 343,598 shares during the period. Franklin Resources Inc. grew its holdings in Reliance by 4.8% in 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 purchasing an additional 51,894 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Reliance by 4.2% in the third quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock valued at $212,243,000 after purchasing an additional 30,765 shares during the period. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Reliance

In other Reliance news, SVP William A. Smith II sold 6,615 shares of Reliance stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $298.61, for a total transaction of $1,975,305.15. Following the transaction, the senior vice president directly owned 21,747 shares of the company’s stock, valued at $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the transaction, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,175 shares of company stock valued at $10,966,902 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Reliance Trading Up 0.7%

Shares of RS stock opened at $367.07 on Friday. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 1.14 and a beta of 0.95. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $381.00. The firm’s 50 day moving average price is $331.42 and its two-hundred day moving average price is $313.74.

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

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. Reliance’s payout ratio is 32.62%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on RS shares. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Bank of America downgraded shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of Reliance from $340.00 to $345.00 and gave the company a “neutral” rating in a report on Friday, April 24th. BMO Capital Markets boosted their target price on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Finally, The Goldman Sachs Group started coverage on shares of Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 target price for the company. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $344.67.

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.