Reliance Steel & Aluminium
About: Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
Employees: 15,500
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
73% more call options, than puts
Call options by funds: $33.7M | Put options by funds: $19.5M
28% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 54
2% more funds holding
Funds holding: 567 [Q2] → 576 (+9) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
1.57% less ownership
Funds ownership: 80.57% [Q2] → 79.01% (-1.57%) [Q3]
5% less capital invested
Capital invested by funds: $13.2B [Q2] → $12.5B (-$673M) [Q3]
17% less repeat investments, than reductions
Existing positions increased: 196 | Existing positions reduced: 236
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$330
15%
upside
Avg. target
$336
16%
upside
High target
$341
18%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Goldman Sachs Mike Harris 0% 1-year accuracy 0 / 3 met price target | 18%upside $341 | Neutral Initiated | 2 Dec 2024 |
BMO Capital Katja Jancic 25% 1-year accuracy 3 / 12 met price target | 15%upside $330 | Outperform Maintained | 25 Oct 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
2 weeks ago
Here's Why You Should Retain Reliance Stock in Your Portfolio
While RS faces pricing and demand headwinds, it benefits from resilient business model and actions to drive growth through acquisitions.
Neutral
GlobeNewsWire
2 months ago
Reliance, Inc. Announces Participation at the Baird 2024 Global Industrial Conference
SCOTTSDALE, Ariz., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) announced today that Karla Lewis, President and Chief Executive Officer, Arthur Ajemyan, Senior Vice President and Chief Financial Officer, and Stephen Koch, Executive Vice President and Chief Operating Officer, will participate in the Baird 2024 Global Industrial Conference on Wednesday, November 13, 2024 in Chicago, Illinois. Reliance is scheduled to present on Wednesday, November 13th at 4:40 p.m. CT.
Negative
Zacks Investment Research
2 months ago
Reliance Inc.'s Earnings Lag Estimates in Q3, Revenues Beat
RS benefits from higher shipments amid headwinds from weaker metals pricing in the third quarter.
Neutral
Seeking Alpha
2 months ago
Reliance, Inc. (RS) Q3 2024 Earnings Call Transcript
Reliance, Inc. (NYSE:RS ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Kimberly Orlando - ADDO Investor Relations Karla Lewis - President and Chief Executive Officer Stephen Koch - Executive Vice President and Chief Operating Officer Arthur Ajemyan - Senior Vice President and Chief Financial Officer Conference Call Participants Katja Jancic - BMO Capital Markets Philip Gibbs - KeyBanc Capital Markets Operator Ladies and gentlemen, good morning, and welcome to the Reliance, Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Negative
Zacks Investment Research
2 months ago
Reliance (RS) Misses Q3 Earnings Estimates
Reliance (RS) came out with quarterly earnings of $3.64 per share, missing the Zacks Consensus Estimate of $3.69 per share. This compares to earnings of $5 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Reliance, Inc. Reports Third Quarter 2024 Financial Results
— Net sales of $3.42 billion with tons sold up 7.1% from Q3 2023 — Gross profit margin of 29.4% — EPS of $3.61, non-GAAP EPS of $3.64 — Cash flow from operations of $463.9 million — Share repurchases of $432.0 million reduced outstanding shares by 3%; replenished existing share repurchase program to $1.5 billion — Amended and restated $1.5 billion credit agreement for a new five-year term — Completed acquisition of FerrouSouth toll processing assets on August 16, 2024 SCOTTSDALE, Ariz., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today reported its financial results for the third quarter ended September 30, 2024.
Negative
Zacks Investment Research
3 months ago
Analysts Estimate Reliance (RS) to Report a Decline in Earnings: What to Look Out for
Reliance (RS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
GlobeNewsWire
3 months ago
Reliance, Inc. to Announce Third Quarter 2024 Results on Thursday, October 24th
SCOTTSDALE, Ariz., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE:RS) announced today that it will report third quarter 2024 financial results for the period ended September 30, 2024, on Thursday, October 24, 2024, at 6:50 a.m. Eastern Time. Reliance management will host a conference call that same day at 11:00 a.m. Eastern Time. The call will be broadcast live over the Internet hosted on the Investors section of the Company's website at reliance.com.
Neutral
GlobeNewsWire
3 months ago
Reliance, Inc. Announces Appointment of James K. Kamsickas to Board of Directors and Douglas W.
SCOTTSDALE, Ariz., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Reliance, Inc. (NYSE: RS) today announced the appointment of James K. Kamsickas, 57, to serve as an independent director. Mr. Kamsickas' term took effect on October 1, 2024 and will expire at the Company's 2025 Annual Meeting of Stockholders. Following the appointment of Mr. Kamsickas, Reliance's Board will be comprised of nine members, eight of whom are independent.
Positive
Zacks Investment Research
4 months ago
Reliance Announces Amended and Restated $1.5B Credit Facility
RS believes that this amended and restated credit agreement boosts its already strong liquidity position.
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