1,834 Shares in Reliance, Inc. $RS Bought by WBI Investments LLC

WBI Investments LLC bought a new position in Reliance, Inc. (NYSE:RS) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 1,834 shares of the industrial products company’s stock, valued at approximately $515,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP purchased a new position in shares of Reliance in the third quarter worth $32,000. Guerra Advisors Inc bought a new position in shares of Reliance during the 3rd quarter valued at approximately $34,000. Root Financial Partners LLC purchased a new position in shares of Reliance during the 3rd quarter valued at $38,000. Allworth Financial LP grew its holdings in Reliance by 46.3% during the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock valued at $44,000 after buying an additional 44 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Reliance in the third quarter worth about $39,000. Institutional investors own 79.26% of the company’s stock.

Analysts Set New Price Targets

RS has been the topic of a number of recent research reports. BMO Capital Markets downgraded shares of Reliance from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $340.00 to $320.00 in a research note on Friday, February 20th. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. JPMorgan Chase & Co. downgraded shares of Reliance from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $340.00 to $330.00 in a research note on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. 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.com, Reliance has a consensus rating of “Hold” and an average price target of $324.33.

Reliance Stock Performance

RS opened at $296.25 on Thursday. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $323.40 and its 200 day moving average price is $297.49. The firm has a market capitalization of $15.32 billion, a PE ratio of 21.21, a PEG ratio of 1.13 and a beta of 0.91. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $365.59.

Reliance (NYSE:RS) last issued its quarterly earnings data 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 company posted $2.22 earnings per share. The company’s revenue 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, sell-side analysts expect that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Increases Dividend

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

Insider Buying and Selling

In other Reliance news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was 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 of the company’s stock, valued at $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William A. Smith II sold 6,615 shares of the company’s 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 transaction, the senior vice president owned 21,747 shares in the company, valued at $6,493,871.67. This trade represents a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.35% of the company’s stock.

Reliance 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.