45,566 Shares in Reliance, Inc. $RS Purchased by XXEC Inc.

XXEC Inc. acquired a new stake in Reliance, Inc. (NYSE:RS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 45,566 shares of the industrial products company’s stock, valued at approximately $17,329,000. Reliance accounts for about 0.0% of XXEC Inc.’s investment portfolio, making the stock its 22nd largest holding. XXEC Inc. owned about 0.09% of Reliance as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Capstone Investment Advisors LLC acquired a new position in Reliance during the 2nd quarter worth approximately $204,000. Redwood Investment Management LLC acquired a new stake in shares of Reliance in the 2nd quarter valued at approximately $1,164,000. Pure Financial Advisors LLC acquired a new stake in shares of Reliance in the 2nd quarter valued at approximately $3,151,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Reliance in the second quarter valued at approximately $80,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Reliance in the second quarter valued at approximately $129,799,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Stock Performance

NYSE RS opened at $391.61 on Friday. Reliance, Inc. has a 1-year low of $260.31 and a 1-year high of $433.02. The company has a market capitalization of $20.00 billion, a P/E ratio of 22.77, a PEG ratio of 1.01 and a beta of 0.96. The business has a 50 day moving average price of $397.42 and a 200 day moving average price of $362.06. 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 analysts’ consensus estimates of $5.47 by $0.80. The company had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.Reliance’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts expect that Reliance, Inc. will post 22.23 EPS for the current fiscal year.

Reliance Dividend Announcement

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 given a $1.25 dividend. The ex-dividend date 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%.

Insider Activity

In other Reliance news, SVP William A. Smith II sold 2,353 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the completion of the transaction, the senior vice president directly owned 19,394 shares in the company, valued at approximately $8,033,188.74. This trade represents a 10.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the transaction, the chief financial officer owned 14,640 shares of the company’s stock, valued at approximately $6,004,010.40. The trade was a 13.06% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RS has been the subject of several research analyst reports. Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective for the company. in a research report on Thursday, April 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Reliance in a research report on Thursday, August 13th. Wall Street Zen raised shares of Reliance from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 23rd. Citigroup reiterated a “neutral” rating on shares of Reliance in a report on Wednesday, July 29th. Finally, Wells Fargo & Company reduced their price objective on shares of Reliance from $398.00 to $391.00 and set an “equal weight” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $377.50.

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.