Dimensional Fund Advisors LP Sells 49,302 Shares of Reliance, Inc. $RS

Dimensional Fund Advisors LP decreased its holdings in Reliance, Inc. (NYSE:RS) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 685,910 shares of the industrial products company’s stock after selling 49,302 shares during the period. Dimensional Fund Advisors LP’s holdings in Reliance were worth $208,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Reliance by 4.5% during the 4th quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock worth $784,503,000 after acquiring an additional 118,009 shares during the last quarter. Boston Partners increased its position in shares of Reliance by 27.5% during the 3rd 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 last quarter. Wellington Management Group LLP raised its holdings in shares of Reliance by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after buying an additional 343,598 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Reliance by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 938,601 shares of the industrial products company’s stock valued at $270,349,000 after buying an additional 2,549 shares in the last quarter. Finally, Norges Bank bought a new stake in Reliance in the 4th quarter worth approximately $207,691,000. Institutional investors own 79.26% of the company’s stock.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance reported Q2 earnings per share of $6.27, ahead of estimates and above management’s prior guidance, while revenue rose 26.5% year over year to $4.63 billion. Article Title
• Positive Sentiment: The company said record quarterly tons sold, stronger customer activity, and firm pricing supported results, with the U.S. border wall project contributing more than expected to earnings. Article Title
• Positive Sentiment: Management issued upbeat Q3 guidance of $6.40 to $6.60 per share, signaling continued momentum after the strong quarter. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Reliance to $398 from $372 but kept an “equal weight” rating, suggesting improved expectations without a major change in stance. Article Title
• Neutral Sentiment: The company also announced a quarterly dividend of $1.25 per share, reinforcing shareholder returns but not changing the core operating story. Article Title

Reliance Price Performance

RS stock opened at $408.04 on Friday. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.22 and a beta of 0.97. The firm’s 50-day moving average price is $386.93 and its two-hundred day moving average price is $347.45. The company has a current ratio of 4.30, a quick ratio of 2.24 and a debt-to-equity ratio of 0.22. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $419.83.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.47 by $0.80. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm earned $4.43 earnings per share. Reliance’s quarterly revenue was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities analysts predict that Reliance, Inc. will post 19.24 earnings per share for the current year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Reliance’s dividend payout ratio (DPR) is currently 29.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. cut their price target on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. The Goldman Sachs Group began coverage on Reliance in a research note on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective on the stock. BMO Capital Markets boosted their target price on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Finally, Seaport Research Partners increased their target price on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Reliance presently has an average rating of “Hold” and a consensus price target of $367.83.

Insider Buying and Selling at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of Reliance 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 approximately $6,030,740.80. The trade was a 17.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.