Intech Investment Management LLC Sells 19,999 Shares of Reliance, Inc. $RS

Intech Investment Management LLC trimmed its stake in Reliance, Inc. (NYSE:RS) by 44.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,503 shares of the industrial products company’s stock after selling 19,999 shares during the period. Intech Investment Management LLC’s holdings in Reliance were worth $6,881,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Guerra Advisors Inc bought a new stake in Reliance during the third quarter valued at about $34,000. Root Financial Partners LLC purchased a new stake in shares of Reliance during the third quarter valued at about $38,000. Allworth Financial LP boosted its holdings in shares of Reliance by 46.3% in 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. Caldwell Trust Co bought a new stake in shares of Reliance in the 2nd quarter valued at about $58,000. Finally, Transamerica Financial Advisors LLC grew its position in shares of Reliance by 31.4% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock worth $63,000 after buying an additional 48 shares during the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RS shares. KeyCorp reissued an “overweight” rating on shares of Reliance in a research report on Wednesday, January 7th. Zacks Research raised Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a report on Monday, December 29th. BMO Capital Markets downgraded Reliance from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $340.00 to $320.00 in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. lowered Reliance from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $340.00 to $330.00 in a research report on Friday, February 20th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $321.67.

Reliance Trading Down 0.3%

Shares of Reliance stock opened at $315.25 on Friday. The firm’s 50 day simple moving average is $320.25 and its two-hundred day simple moving average is $296.14. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.89 and a beta of 0.92. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $365.59. The company has a current ratio of 4.88, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a net margin of 5.17% and a return on equity of 10.45%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period last year, the firm earned $2.22 earnings per share. Reliance’s quarterly revenue was up 11.9% compared to the same quarter last year. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, March 6th. This is a boost from Reliance’s previous quarterly dividend of $1.20. Reliance’s dividend payout ratio (DPR) is presently 34.36%.

Insider Transactions at Reliance

In other news, CEO Karla R. Lewis sold 5,809 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $283.50, for a total value of $1,646,851.50. Following the completion of the transaction, the chief executive officer directly owned 84,421 shares in the company, valued at $23,933,353.50. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Stephen Paul Koch sold 24,060 shares of Reliance stock in a transaction dated 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 directly owned 14,021 shares of the company’s stock, valued at $4,509,434.02. This trade represents a 63.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,935 shares of company stock worth $10,254,424 over the last three months. Corporate insiders own 0.35% 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.