Quantinno Capital Management LP Has $12.90 Million Stock Holdings in Reliance, Inc. $RS

Quantinno Capital Management LP lifted its holdings in shares of Reliance, Inc. (NYSE:RS) by 80.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,435 shares of the industrial products company’s stock after purchasing an additional 18,976 shares during the period. Quantinno Capital Management LP’s holdings in Reliance were worth $12,897,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RS. Costello Asset Management INC acquired a new position in Reliance in the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. grew its position in shares of Reliance by 86.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after buying an additional 50 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of Reliance in the 4th quarter valued at $32,000. Quarry LP bought a new stake in shares of Reliance in the 3rd quarter valued at $32,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Reliance by 87.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Reliance from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Wells Fargo & Company upped their price objective on shares of Reliance from $372.00 to $398.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. BMO Capital Markets increased their price objective on shares of Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. KeyCorp raised their target price on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. decreased their target price on Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Reliance presently has an average rating of “Hold” and a consensus price target of $378.67.

Reliance Stock Performance

NYSE RS opened at $409.33 on Tuesday. The company has a market cap of $20.90 billion, a P/E ratio of 23.80, a PEG ratio of 1.14 and a beta of 0.96. The company has a fifty day simple moving average of $392.18 and a 200 day simple moving average of $352.02. The company has a current ratio of 4.30, a quick ratio of 2.27 and a debt-to-equity ratio of 0.22. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $419.83.

Reliance (NYSE:RS) last released its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping the consensus estimate of $5.47 by $0.80. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The business’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Sell-side analysts predict that Reliance, Inc. will post 20.37 earnings per share for the current fiscal year.

Reliance Announces Dividend

The firm also recently declared 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 of this dividend is Friday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.2%. Reliance’s dividend payout ratio (DPR) is presently 29.07%.

Insider Transactions at Reliance

In other Reliance news, SVP William A. Smith II sold 2,353 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total transaction of $974,636.13. Following the completion of the sale, the senior vice president directly owned 19,394 shares of the company’s stock, valued at approximately $8,033,188.74. The trade was a 10.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

About Reliance

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.