Baader Bank Aktiengesellschaft Invests $555,000 in Reliance, Inc. $RS

Baader Bank Aktiengesellschaft acquired a new stake in shares of Reliance, Inc. (NYSE:RS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,926 shares of the industrial products company’s stock, valued at approximately $555,000.

A number of other hedge funds also recently bought and sold shares of the business. Elevation Wealth Partners LLC acquired a new position in shares of Reliance during the 4th quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Reliance in the third quarter valued at approximately $32,000. Guerra Advisors Inc purchased a new position in Reliance during the third quarter worth approximately $34,000. Root Financial Partners LLC purchased a new position in Reliance during the third quarter worth approximately $38,000. Finally, Sound Income Strategies LLC acquired a new position in Reliance during the fourth quarter worth $40,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the transaction, the chief financial officer directly owned 16,840 shares in the company, valued at $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the transaction, the senior vice president owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 34,175 shares of company stock valued at $10,966,902. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

RS has been the subject of a number of recent research reports. Bank of America downgraded Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a research note on Thursday, April 30th. Weiss Ratings raised shares of Reliance from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wells Fargo & Company raised their price objective on shares of Reliance from $323.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Wall Street Zen upgraded shares of Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $344.67.

Reliance Stock Performance

NYSE RS opened at $368.40 on Friday. The stock has a fifty day simple moving average of $324.75 and a 200-day simple moving average of $310.54. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. The stock has a market cap of $18.81 billion, a PE ratio of 24.03, a P/E/G ratio of 1.14 and a beta of 0.95. Reliance, Inc. has a twelve month low of $260.31 and a twelve month high of $381.00.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. The company 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 for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Equities analysts anticipate that Reliance, Inc. will post 18.98 earnings per share for the current year.

Reliance Announces Dividend

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

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.