Swiss National Bank Sells 8,400 Shares of Reliance, Inc. $RS

Swiss National Bank trimmed its position in shares of Reliance, Inc. (NYSE:RS) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 151,600 shares of the industrial products company’s stock after selling 8,400 shares during the quarter. Swiss National Bank owned 0.29% of Reliance worth $42,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Boston Partners lifted its position in shares of Reliance by 72.6% during the second quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock valued at $552,461,000 after purchasing an additional 741,417 shares in the last quarter. Norges Bank bought a new stake in Reliance in the 2nd quarter worth about $207,741,000. Balyasny Asset Management L.P. grew its position in Reliance by 273.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 155,914 shares of the industrial products company’s stock worth $48,941,000 after purchasing an additional 114,215 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Reliance by 49.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 342,796 shares of the industrial products company’s stock valued at $96,268,000 after buying an additional 113,378 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Reliance by 32.7% during the 2nd quarter. Bank of America Corp DE now owns 220,193 shares of the industrial products company’s stock worth $69,119,000 after buying an additional 54,288 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Key Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance’s metals unit AMI Metals won large U.S. infrastructure and defense contracts (multi‑billion scope) to supply steel/aluminum for Southwest border projects and Lockheed Martin programs — this supports near‑term revenue visibility for RS’s processing/supply franchises. RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
• Positive Sentiment: The company recently increased its quarterly dividend (from $1.20 to $1.25), raising the annualized payout to $5.00 — a cash‑return signal that can support investor sentiment and income demand for the stock. Reliance Price Performance / Dividend Note
• Neutral Sentiment: Multiple analyst notes are mixed: some firms trimmed ratings/targets while others raised or reiterated targets — the consensus remains a “Hold” with an average target near $324, leaving room but no strong catalyst from upgrades alone. Reliance Inc. (RS) sees optimism from analysts
• Neutral Sentiment: Several widely circulated Indian news stories report the Enforcement Directorate attaching assets worth Rs 581 crore in a case involving Anil Ambani’s Reliance group. Those headlines refer to a different corporate group (Anil Ambani’s Reliance) and are unrelated to Reliance Steel & Aluminum Co. (RS), but the name overlap can create short‑term confusion and headline‑driven volatility. ED attaches assets worth Rs 581 cr belonging to Anil Ambani-led Reliance firms
• Negative Sentiment: An insider (SVP William Smith II) sold 6,615 shares recently; while insider sales can be routine, the disclosed sale added to near‑term selling pressure. SEC Form 4 – Insider Sale
• Negative Sentiment: Last reported quarter showed an EPS miss (reported $2.40 vs. ~$2.80 consensus) despite ~12% revenue growth; that earnings shortfall remains a near‑term concern until margin recovery or upside execution becomes evident. Guidance for Q1 was provided (4.50–4.70 EPS) — monitor upcoming results vs. expectations. Reliance earnings summary

Insiders Place Their Bets

In other news, SVP William A. Smith II sold 6,615 shares of Reliance 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 completion of the transaction, the senior vice president directly owned 21,747 shares in the company, valued at approximately $6,493,871.67. The trade was a 23.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the sale, the chief operating officer owned 14,021 shares in the company, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RS shares. BMO Capital Markets downgraded Reliance from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. Wells Fargo & Company increased their price target on Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. KeyCorp reiterated an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. JPMorgan Chase & Co. cut Reliance from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $340.00 to $330.00 in a research report on Friday, February 20th. Finally, Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $324.33.

Reliance Trading Down 2.8%

Shares of Reliance stock opened at $299.57 on Friday. The stock has a market capitalization of $15.50 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.17 and a beta of 0.91. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $365.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. The stock’s 50-day simple moving average is $323.45 and its 200 day simple moving average is $297.40.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing the consensus estimate of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the business earned $2.22 EPS. Reliance’s revenue for the quarter was up 11.9% on a year-over-year basis. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. As a group, research analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a $1.25 dividend. The ex-dividend date is Friday, March 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio (DPR) is presently 35.79%.

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.