Reliance, Inc. $RS Position Boosted by MAI Capital Management

MAI Capital Management grew its holdings in Reliance, Inc. (NYSE:RS) by 550.0% during the third quarter, Holdings Channel.com reports. The firm owned 1,937 shares of the industrial products company’s stock after buying an additional 1,639 shares during the period. MAI Capital Management’s holdings in Reliance were worth $544,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Guerra Advisors Inc purchased a new position in Reliance during the third 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 shares of 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 acquiring an additional 44 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of Reliance in the second quarter worth $58,000. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Reliance by 31.4% during the second quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 48 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. downgraded Reliance from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $340.00 to $330.00 in a research note on Friday, February 20th. BMO Capital Markets cut Reliance from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $340.00 to $320.00 in a research note on Friday, February 20th. Wells Fargo & Company raised their price objective on shares of Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a research report on Monday. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, KeyCorp restated an “overweight” rating on shares of Reliance in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $324.33.

Reliance Stock Up 2.3%

Shares of RS stock opened at $322.97 on Tuesday. The stock’s 50 day simple moving average is $320.79 and its 200 day simple moving average is $296.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $365.59. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.89 and a beta of 0.91.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the previous year, the company earned $2.22 EPS. The firm’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. As a group, research analysts predict 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. Investors of record on Friday, March 6th will be issued a $1.25 dividend. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date is Friday, March 6th. This represents a $5.00 annualized dividend and a yield of 1.5%. Reliance’s payout ratio is 34.36%.

Insider Transactions at Reliance

In other Reliance news, COO Stephen Paul Koch sold 24,060 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the sale, the chief operating officer directly owned 14,021 shares in the company, valued at $4,509,434.02. This represents a 63.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by company insiders.

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.