Deutsche Bank AG Buys Shares of 83,562 Reliance, Inc. $RS

Deutsche Bank AG bought a new stake in Reliance, Inc. (NYSE:RS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 83,562 shares of the industrial products company’s stock, valued at approximately $31,219,000.

Several other large investors have also made changes to their positions in the company. State Street Corp increased its stake in Reliance by 4.5% in the fourth quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock valued at $784,503,000 after acquiring an additional 118,009 shares during the last quarter. Boston Partners boosted its holdings in shares of Reliance by 27.5% in 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 in the last quarter. Wellington Management Group LLP increased its stake in shares of Reliance by 25.2% in 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 purchasing an additional 343,598 shares during 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 worth $270,349,000 after buying an additional 2,549 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Reliance by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 735,212 shares of the industrial products company’s stock worth $212,390,000 after buying an additional 55,344 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Arthur Ajemyan sold 2,200 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the completion of the sale, the chief financial officer directly owned 14,640 shares in the company, valued at $6,004,010.40. This represents a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP William A. Smith II sold 2,353 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the transaction, the senior vice president directly owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. This 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.

Wall Street Analysts Forecast Growth

RS has been the topic of several research analyst reports. Wall Street Zen lowered Reliance from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. BMO Capital Markets boosted their target price on Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Wells Fargo & Company increased their target price on shares of Reliance from $372.00 to $398.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Seaport Research Partners lifted their price target on shares of Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Zacks Research upgraded shares of Reliance from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $378.67.

Reliance Stock Performance

Reliance stock opened at $387.58 on Friday. The business has a 50 day moving average of $398.80 and a 200-day moving average of $360.65. The company has a market capitalization of $19.79 billion, a P/E ratio of 22.53, a P/E/G ratio of 0.98 and a beta of 0.96. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $433.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, topping the consensus estimate of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The business had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the company earned $4.43 EPS. The firm’s revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities research analysts predict that Reliance, Inc. will post 22.23 earnings per share for the current year.

Reliance Announces Dividend

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

Reliance 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.