Reliance, Inc. $RS Stock Holdings Trimmed by Kennedy Capital Management LLC

Kennedy Capital Management LLC lowered its position in shares of Reliance, Inc. (NYSE:RS) by 13.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,279 shares of the industrial products company’s stock after selling 8,903 shares during the quarter. Kennedy Capital Management LLC owned about 0.11% of Reliance worth $15,805,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Boston Partners raised its position in shares of Reliance by 72.6% during the 2nd quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock valued at $552,461,000 after acquiring an additional 741,417 shares in the last quarter. Norges Bank bought a new position in shares of Reliance in the 2nd quarter worth about $207,741,000. Balyasny Asset Management L.P. boosted its holdings in shares of 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 valued at $48,941,000 after buying an additional 114,215 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of 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 period. Finally, Bank of America Corp DE grew 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 valued at $69,119,000 after buying an additional 54,288 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

More Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: RS unit AMI Metals won multi‑billion‑dollar U.S. infrastructure and defense contracts, which should boost backlog, plant utilization and near‑term revenue visibility for the metals segment. This is the primary positive catalyst supporting the stock today. RS Unit Clinches Multi-Billion U.S. Infrastructure, Defense Deals
• Positive Sentiment: Recent analyst commentary shows pockets of optimism on RS, which can support share prices by encouraging buy-side interest and stabilizing sentiment after mixed results. Reliance Inc. (RS) sees optimism from analysts
• Neutral Sentiment: Broader market/sector coverage includes stories about large Indian energy/conglomerate stocks (e.g., pieces asking if Reliance Industries remains a value bet). These items refer to a different company (Reliance Industries/RIL) and are unlikely to change RS’s fundamentals, though they can add noise for investors who confuse the names. India’s most trusted stock wipes out nearly Rs 3 lakh crore this year. Is RIL still a value bet?
• Negative Sentiment: Several outlets report the Enforcement Directorate attaching ~Rs 581 crore in assets tied to Anil Ambani‑led Reliance entities. Although this concerns the Ambani group and not Reliance, Inc., the headline similarity can create investor confusion and headline‑driven selling pressure on the RS ticker. Market reaction today appears partially driven by this name‑confusion risk. ED attaches assets worth Rs 581 cr belonging to Anil Ambani-led Reliance firms
• Negative Sentiment: RS reported Q4 results that missed EPS estimates (reported $2.40 vs. $2.80 consensus) despite a slight revenue beat. Management set Q1 2026 EPS guidance of 4.50–4.70, leaving near‑term earnings visibility mixed — a fundamental negative that likely weighs on the stock alongside headline noise.

Analysts Set New Price Targets

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

Reliance Stock Performance

Reliance stock traded down $2.20 during mid-day trading on Friday, hitting $297.08. 35,293 shares of the company’s stock traded hands, compared to its average volume of 369,254. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20. Reliance, Inc. has a one year low of $250.07 and a one year high of $365.59. The firm has a 50 day moving average price of $323.45 and a 200 day moving average price of $297.40. The company has a market cap of $15.37 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.17 and a beta of 0.91.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) 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 the consensus estimate of $3.45 billion. During the same period in the previous year, the company posted $2.22 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, equities analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $1.25 dividend. 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. The ex-dividend date is Friday, March 6th. Reliance’s payout ratio is currently 35.79%.

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 transaction of $1,975,305.15. Following the transaction, the senior vice president directly owned 21,747 shares in the company, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephen Paul Koch sold 24,060 shares of the company’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 completion of the sale, the chief operating officer owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their position. The SEC filing for this sale provides additional information. Company 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.