Exploring Reliance Steel & Aluminum Co. (RS) Investor Profile: Who’s Buying and Why?

Have you ever wondered who the major players are behind Reliance Steel & Aluminum Co. (RS), now known as Reliance, Inc. since February 2024? Are you curious about the balance between institutional, retail, and insider ownership and how it impacts the company's decisions and stock performance? In 2024, Reliance achieved its third-highest annual cash flow from operations at $1.43 billion and executed a record stock repurchase of $1.09 billion, reducing outstanding shares by 6%. With approximately 55.62% of the company's stock held by institutional investors, understanding who these key shareholders are and their recent trading activity can provide valuable insights into the company's future direction. Let's delve into the investor profile of Reliance (RS) and uncover who's buying, who's selling, and, most importantly, why.

Reliance Steel & Aluminum Co. (RS) Who Invests in [Company Name] and Why?

Understanding the investor profile of Reliance Steel & Aluminum Co. (RS) provides valuable insights into market sentiment, investment strategies, and the factors driving investor decisions. A diverse mix of investor types, from retail to institutional, shapes the ownership structure and influences the stock's performance.

Here's a breakdown of the key investor types in Reliance Steel & Aluminum Co. (RS):

• Institutional Investors: These include mutual funds, pension funds, insurance companies, and other large financial entities that manage significant sums of money.
• Retail Investors: Individual investors who buy and sell securities for their own accounts.
• Hedge Funds: Privately held investment partnerships that use various strategies to generate returns for their investors.
• Insiders: Company executives and board members who own shares of the company.
• Public Companies: Other companies that hold shares of Reliance Steel & Aluminum Co.

According to the latest data, the ownership structure of Reliance Steel (RS) stock is a mix of institutional, retail, and individual investors. Approximately 55.62% of the company's stock is owned by Institutional Investors, 0.59% is owned by Insiders, and 43.79% is owned by Public Companies and Individual Investors.

Key Investor Types

A more detailed breakdown reveals the following:

• Institutional Investors: Approximately 26.88%
• Insiders: 0.59%
• Public Companies and Individual Investors: 28.74%
• Mutual Funds: 26.59%
• ETFs: 28.74%

Top Shareholders

The largest shareholders of Reliance Steel & Aluminum Co. (RS) are:

• Vanguard: Holds 5,690,403 shares, representing 10.76% ownership.
• iShares: Holds 5,357,447 shares, representing 10.13% ownership.
• Vanguard Index Funds: Holds 4,808,512 shares, representing 9.09% ownership.
• SPDR: Holds 1,269,953 shares, representing 2.40% ownership.
• T. Rowe Price New Horizons Fund, Inc.: Holds 967,845 shares, representing 1.83% ownership.

Investment Motivations

Several factors attract investors to Reliance Steel & Aluminum Co. (RS):

• Strong 2024 Results: Reliance Steel & Aluminum announced strong results for 2024, including the third-highest annual cash flow from operations at $1.43 billion and a record stock repurchase of $1.09 billion.
• Consistent Dividend Payouts: The company has a history of paying regular quarterly cash dividends for 65 consecutive years and has increased the dividend 32 times since its 1994 IPO. The current annual dividend rate is $4.80 per common share, with a dividend yield of 1.56% as of April 2025. The Board of Directors declared a quarterly cash dividend of $1.20 per share of common stock, an increase of 9.1%, payable on March 21, 2025.
• Value-Added Processing Focus: Reliance's strategic focus on value-added processing and disciplined pricing allows for a steady gross profit margin.
• Acquisition Strategy: The company has been following an aggressive acquisition strategy to drive operating results, investing $364.6 million in acquisitions in 2024.
• Healthy Demand: Reliance Steel is benefiting from strong underlying demand in its major markets, including non-residential construction, commercial aerospace, and automotive.

Investment Strategies

Investors in Reliance Steel & Aluminum Co. (RS) employ various strategies:

• Long-Term Holding: Many institutional investors, such as Vanguard and BlackRock, hold large positions in Reliance Steel & Aluminum Co. (RS) for the long term, indicating confidence in the company's stability and growth potential.
• Value Investing: Some investors may be attracted to Reliance Steel & Aluminum Co. (RS) due to its consistent dividend payouts and strong financial performance, viewing it as a value stock.
• Growth Investing: The company's strategic acquisitions and expansion into new markets may attract growth investors seeking capital appreciation.
• Dividend Investing: Investors focused on income generation may find Reliance Steel & Aluminum Co.'s (RS) dividend yield attractive.

Recent Trading Activity

Recent hedge fund activity shows that 249 institutional investors added shares of Reliance Steel & Aluminum stock to their portfolios, while 296 decreased their positions in their most recent quarter. Some of the largest moves include:

• PACER ADVISORS, INC. added 803,730 shares (+6311.2%) in Q4 2024, for an estimated $216,412,339.
• INVESCO LTD. removed 455,469 shares (-58.3%) in Q4 2024, for an estimated $122,639,582.
• AMERICAN CENTURY COMPANIES INC added 392,213 shares (+1127.9%) in Q4 2024, for an estimated $105,607,272.

Insiders have been actively trading Reliance Steel & Aluminum Co. (RS) stock on the open market. Over the past 6 months, there have been 0 purchases and 14 sales by insiders. Karla R Lewis (President, CEO) has made 0 purchases and 8 sales, selling 35,028 shares for an estimated $10,617,704.

In conclusion, Reliance Steel & Aluminum Co. (RS) attracts a diverse range of investors due to its strong financial performance, consistent dividend payouts, and strategic growth initiatives. The ownership structure reflects a mix of institutional and retail investors, with institutional investors holding a significant portion of the company's stock.

See Mission Statement, Vision, & Core Values of Reliance Steel & Aluminum Co. (RS).

Reliance Steel & Aluminum Co. (RS) Institutional Ownership and Major Shareholders of Reliance Steel & Aluminum Co. (RS)

Institutional ownership in Reliance Steel & Aluminum Co. (RS) provides insights into the stability and investor confidence in the company. Large institutional investors often have significant influence on a company's stock price and strategic decisions. Recent changes in their holdings can indicate shifts in sentiment and expectations regarding the company's future performance.

Here’s a detailed look at the institutional ownership of Reliance Steel & Aluminum Co. (RS), based on the latest available data:

• Top Institutional Investors: The largest institutional investors in Reliance Steel & Aluminum Co. (RS) include prominent firms. These institutions hold substantial shares, reflecting their belief in the company's value and growth potential.
• Vanguard Group Inc: Holds approximately 3,987,324 shares, representing about 6.86% of the company.
• BlackRock Fund Advisors: Holds approximately 3,645,899 shares, representing about 6.28% of the company.
• State Street Global Advisors, Inc.: Holds approximately 1,881,873 shares, representing about 3.24% of the company.
• Geode Capital Management LLC: Holds approximately 820,174 shares, representing about 1.41% of the company.
• Dimensional Fund Advisors LP: Holds approximately 734,387 shares, representing about 1.26% of the company.

These major shareholders play a crucial role in the company's stock performance and overall strategy.

Changes in Ownership: Recent activity in institutional ownership can provide valuable clues about the future direction of the stock. Increases in holdings suggest a positive outlook, while decreases may indicate concerns.

• Recent increases: Some institutional investors have increased their positions in Reliance Steel & Aluminum Co. (RS), signaling confidence in the company's prospects.
• Recent decreases: Conversely, other institutions have reduced their stakes, potentially due to profit-taking or concerns about market conditions.

Impact of Institutional Investors: Institutional investors' actions can significantly influence Reliance Steel & Aluminum Co. (RS)'s stock price and strategic decisions. Their large trading volumes can create price volatility, and their engagement with company management can shape corporate policy.

• Stock Price Influence: Large institutional trades can lead to significant price movements. Positive news coupled with increased institutional buying can drive the stock higher, while negative news and selling pressure can depress the price.
• Strategic Influence: Institutional investors often engage with company management to discuss strategic initiatives, capital allocation, and corporate governance. Their insights and feedback can influence the company's direction.

Here is a table summarizing the key institutional ownership details for Reliance Steel & Aluminum Co. (RS):

Understanding the dynamics of institutional ownership provides valuable context for investors in Reliance Steel & Aluminum Co. (RS). Monitoring changes in ownership and the influence of major shareholders can help investors make more informed decisions. To further evaluate the company's financial standing, consider exploring its financial health:

For more insights into the financial health of Reliance Steel & Aluminum Co. (RS), check out Breaking Down Reliance Steel & Aluminum Co. (RS) Financial Health: Key Insights for Investors.

Reliance Steel & Aluminum Co. (RS) Key Investors and Their Impact on Reliance Steel & Aluminum Co. (RS)

Understanding the investor profile of Reliance Steel & Aluminum Co. (RS) provides valuable insights into the company's stability, strategic direction, and potential stock performance. Key investors can significantly influence company decisions and stock movements through their holdings and actions.

Several institutional investors hold substantial stakes in Reliance Steel & Aluminum Co. (RS). These firms often conduct extensive research and analysis before investing, and their actions can signal confidence or concern about the company's prospects.

Here are some types of investors who may hold positions in Reliance Steel & Aluminum Co. (RS):

• Mutual Funds: These funds pool money from many investors to invest in a diversified portfolio of stocks, bonds, and other assets.
• Pension Funds: These funds manage retirement savings for employees and often invest in large, stable companies.
• Hedge Funds: These funds use various strategies, including leverage and short-selling, to generate higher returns.
• Insurance Companies: These companies invest premiums to cover future claims and often hold significant positions in the stock market.
• Individual Investors: These are retail investors who buy and sell stocks for their own accounts.

Monitoring the moves of these investors—such as buying or selling large blocks of shares—can provide clues about the perceived value and future performance of Reliance Steel & Aluminum Co. (RS). For example, a large purchase by a well-known fund might indicate a positive outlook, while a significant sell-off could raise concerns.

While specific, real-time data on all investors and their recent moves fluctuates and is subject to reporting timelines, examining publicly available information from sources like the SEC filings (Form 4) and major financial news outlets can offer insights. These filings disclose transactions made by company insiders (officers and directors) and major shareholders (those owning more than 5% of the company's stock), providing a glimpse into investor sentiment and potential future actions.

Investor influence on Reliance Steel & Aluminum Co. (RS) can manifest in several ways:

• Voting Rights: Large shareholders have a greater say in company decisions through their voting rights.
• Board Representation: Some major investors may have representatives on the company's board of directors, giving them direct input into strategic planning.
• Activism: Activist investors may publicly advocate for changes in company strategy or management to increase shareholder value.

Recent moves by key investors, such as changes in their stakes or public statements, can impact stock movements. For instance, if a prominent investor announces a significant increase in their position, it can boost investor confidence and drive up the stock price. Conversely, a large sale or critical commentary could lead to a decline.

Here is a hypothetical example of how investor data might be presented (note that this is for illustrative purposes and not actual data):

Understanding the investor profile and their recent activities can offer valuable context for assessing the potential risks and opportunities associated with investing in Reliance Steel & Aluminum Co. (RS).

To gain more insight into Reliance Steel & Aluminum Co. (RS), you might find this resource helpful: Mission Statement, Vision, & Core Values of Reliance Steel & Aluminum Co. (RS).

Reliance Steel & Aluminum Co. (RS) Market Impact and Investor Sentiment

Understanding investor sentiment and market reactions is crucial for evaluating the potential future performance of Reliance Steel & Aluminum Co. (RS). This section explores the current investor sentiment, recent market reactions, and analyst perspectives to provide a comprehensive view of the company's market dynamics.

Institutional investors hold a significant portion of Reliance Steel & Aluminum Co. (RS). Institutions own the lion's share in the company with 85% ownership. The largest shareholder is The Vanguard Group, Inc. with 12% of shares outstanding. BlackRock, Inc. holds 10.79%. T. Rowe Price Associates, Inc. owns 7.00%. State Street Corp holds 4.71%. Wellington Management Company LLP owns 2.79%. First Trust Advisors L.P. holds 2.61%.

Here's a summary of major institutional shareholders:

• Vanguard Group Inc: 12.14%
• BlackRock Inc: 10.79%
• T. Rowe Price Associates, Inc: 7.00%
• State Street Corp: 4.71%
• Wellington Management Company LLP: 2.79%
• First Trust Advisors L.P.: 2.61%

The general public, including retail investors, owns a 14% stake in the company.

Insider ownership is also present, with board members collectively owning US$113 million worth of shares.

Recent trading activity shows that insiders have been selling shares. Over the past 6 months, there have been 0 purchases and 14 sales by insiders. Karla R Lewis (President, CEO) sold 35,028 shares for an estimated $10,617,704. William A II Smith (SVP, General Counsel, Corp Sec) sold 6,500 shares for an estimated $2,091,114. Mark V Kaminski sold 6,810 shares for an estimated $2,029,448.

Hedge fund activity reveals mixed sentiment. During Q4 2024:

• 249 institutional investors added shares of Reliance Steel & Aluminum Co. stock to their portfolios.
• 296 decreased their positions.
• Pacer Advisors, Inc. added 803,730 shares (+6311.2%) for an estimated $216,412,339.
• Invesco Ltd. removed 455,469 shares (-58.3%) for an estimated $122,639,582.
• American Century Companies Inc added 392,213 shares (+1127.9%) for an estimated $105,607,272.
• Price T Rowe Associates Inc /MD/ added 319,576 shares (+9.4%) for an estimated $86,049,033.

The stock price on April 15, 2025, was $276.70 per share, compared to $322.88 on April 16, 2024, representing a decline of 14.30% over that period.

Analysts' perspectives on Reliance Steel & Aluminum Co. (RS) are varied.

KeyBanc Capital Markets adjusted its financial outlook, reducing the price target from $325.00 to $321.00, while maintaining an Overweight rating. This adjustment followed a revision of the company's projected EBITDA for 2024 and 2025. The firm anticipates 2024 EBITDA to be $1.48 billion, slightly down from the previous estimate of $1.49 billion, due to softer pricing expectations.

The average one-year price target for Reliance Steel & Aluminum is $229.60 as of January 23, 2023. The forecasts range from a low of $217.15 to a high of $246.75.

Analysts are expecting revenue of $3,548,423,645 and earnings of $3.77 per share for the upcoming quarterly earnings data expected on April 23rd.

Recent news includes:

• KeyBanc analyst Philip Gibbs maintained a Buy rating on Reliance Steel with a price target of $321.00.
• Wolfe Research upgraded Reliance Steel from Underperform to Peer Perform, setting a fair value range between $257 and $283, based on an 11x multiple of the projected 2025 enterprise value to EBITDA ratio.

Based on 8 market analysts, the analyst consensus points to a rating of 'Buy'. The average analyst target price is $261.75.

The company generated $14 billion in revenue last year and maintained a gross profit margin between 29% and 31%.

For Q4, Reliance Steel anticipates a 6% to 8% decrease in tons sold and a 1.5% to 3.5% drop in average selling prices. Non-GAAP earnings for Q4 are forecasted between $2.65 and $2.85 per diluted share.

See also: Mission Statement, Vision, & Core Values of Reliance Steel & Aluminum Co. (RS).