Reliance, Inc. $RS Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in Reliance, Inc. (NYSE:RS) by 105.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 70,211 shares of the industrial products company’s stock after buying an additional 36,044 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Reliance were worth $19,717,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in shares of Reliance by 2.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 21,607 shares of the industrial products company’s stock worth $6,068,000 after acquiring an additional 609 shares in the last quarter. Capital Advisors Inc. OK purchased a new stake in shares of Reliance during the third quarter valued at $411,000. Fulton Bank N.A. boosted its position in shares of Reliance by 16.4% in the 3rd quarter. Fulton Bank N.A. now owns 2,908 shares of the industrial products company’s stock valued at $817,000 after purchasing an additional 409 shares during the period. Generali Asset Management SPA SGR raised its holdings in Reliance by 36.0% during the 3rd quarter. Generali Asset Management SPA SGR now owns 3,972 shares of the industrial products company’s stock worth $1,115,000 after buying an additional 1,051 shares during the period. Finally, Masso Torrence Wealth Management Inc. lifted its stake in Reliance by 3.3% during the third quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company’s stock valued at $322,000 after buying an additional 37 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Reliance Trading Up 2.7%

NYSE RS opened at $308.29 on Friday. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $347.43. The firm’s fifty day simple moving average is $284.11 and its 200-day simple moving average is $291.78. The company has a market capitalization of $16.12 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the firm earned $3.64 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, sell-side analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RS has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Wells Fargo & Company boosted their target price on shares of Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. Zacks Research downgraded Reliance from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $317.25.

Insider Activity at Reliance

In related news, COO Stephen Paul Koch sold 3,066 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.56, for a total value of $869,394.96. Following the transaction, the chief operating officer owned 14,021 shares in the company, valued at approximately $3,975,794.76. This represents a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Karla R. Lewis sold 5,809 shares of Reliance stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the completion of the sale, the chief executive officer owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This trade represents a 6.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.35% of the company’s stock.

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.