Park Avenue Securities LLC Acquires New Stake in Reliance, Inc. $RS

Park Avenue Securities LLC bought a new position in shares of Reliance, Inc. (NYSE:RS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,177 shares of the industrial products company’s stock, valued at approximately $611,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. KLP Kapitalforvaltning AS boosted its position in shares of Reliance by 18.9% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 45,900 shares of the industrial products company’s stock valued at $12,890,000 after acquiring an additional 7,300 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Reliance by 105.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 70,211 shares of the industrial products company’s stock valued at $19,717,000 after purchasing an additional 36,044 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in Reliance by 2.9% during the third quarter. Asset Management One Co. Ltd. now owns 21,607 shares of the industrial products company’s stock valued at $6,068,000 after purchasing an additional 609 shares during the last quarter. Capital Advisors Inc. OK purchased a new position in Reliance in the 3rd quarter worth approximately $411,000. Finally, Fulton Bank N.A. grew its stake in Reliance by 16.4% in the 3rd quarter. Fulton Bank N.A. now owns 2,908 shares of the industrial products company’s stock worth $817,000 after buying an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

RS has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. BMO Capital Markets reduced their target price on Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Zacks Research lowered Reliance from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. JPMorgan Chase & Co. cut their price objective on Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, December 5th. Finally, KeyCorp reiterated an “overweight” rating on shares of Reliance in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $317.25.

Reliance Price Performance

Shares of NYSE:RS opened at $322.70 on Friday. The company has a quick ratio of 2.08, a current ratio of 4.43 and a debt-to-equity ratio of 0.19. The stock has a market cap of $16.87 billion, a PE ratio of 23.59, a PEG ratio of 1.62 and a beta of 0.92. The company’s fifty day moving average is $287.69 and its 200 day moving average is $291.85. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43.

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

Insider Activity at Reliance

In other Reliance news, CEO Karla R. Lewis sold 5,809 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.50, for a total value of $1,646,851.50. Following the completion of the sale, the chief executive officer owned 84,421 shares in the company, valued at approximately $23,933,353.50. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stephen Paul Koch sold 3,066 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.56, for a total value of $869,394.96. Following the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $3,975,794.76. This trade represents a 17.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.35% 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.