Kennedy Capital Management LLC Sells 23,176 Shares of Reliance, Inc. $RS

Kennedy Capital Management LLC reduced its holdings in Reliance, Inc. (NYSE:RS) by 41.2% in the 4th quarter, Holdings Channel reports. The fund owned 33,103 shares of the industrial products company’s stock after selling 23,176 shares during the quarter. Kennedy Capital Management LLC’s holdings in Reliance were worth $9,562,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Kathmere Capital Management LLC increased its holdings in shares of Reliance by 4.9% in the fourth quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 37 shares in the last quarter. Choreo LLC increased its holdings in shares of Reliance by 2.9% in the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 39 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Reliance by 4.4% in the fourth quarter. GAMMA Investing LLC now owns 965 shares of the industrial products company’s stock worth $279,000 after acquiring an additional 41 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Reliance by 1.5% in the third quarter. Fisher Asset Management LLC now owns 2,935 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 43 shares in the last quarter. Finally, Advisory Research Inc. increased its holdings in shares of Reliance by 2.6% in the third quarter. Advisory Research Inc. now owns 1,782 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 45 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Reliance Stock Performance

Shares of NYSE RS opened at $413.65 on Monday. The stock has a 50 day moving average price of $359.01 and a 200 day moving average price of $326.51. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $417.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The stock has a market capitalization of $21.12 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the firm posted $3.77 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Analysts predict that Reliance, Inc. will post 19.14 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.2%. Reliance’s dividend payout ratio is 32.62%.

Wall Street Analysts Forecast Growth

RS has been the subject of several recent analyst reports. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. KeyCorp increased their price target on Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Wells Fargo & Company increased their price target on Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. The Goldman Sachs Group assumed coverage on Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. Finally, Seaport Research Partners upped their price objective on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $357.83.

Reliance Company 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.