Meritage Portfolio Management Decreases Position in Reliance, Inc. $RS

Meritage Portfolio Management lowered its stake in shares of Reliance, Inc. (NYSE:RS) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,076 shares of the industrial products company’s stock after selling 2,550 shares during the quarter. Meritage Portfolio Management’s holdings in Reliance were worth $7,042,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings in Reliance by 417.6% during the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. Allworth Financial LP increased 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 acquiring an additional 44 shares during the period. Caldwell Trust Co bought a new position in Reliance in the second quarter worth about $58,000. Transamerica Financial Advisors LLC lifted its position in Reliance by 31.4% during the second quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 48 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Reliance during the 2nd quarter valued at $68,000. 79.26% of the stock is currently owned by institutional investors.

Reliance Trading Up 1.3%

Shares of NYSE:RS opened at $315.80 on Thursday. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.60 and a beta of 0.92. The business’s 50 day moving average price is $286.73 and its 200-day moving average price is $291.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the business earned $3.64 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, equities research analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Insider Activity at Reliance

In other news, COO Stephen Paul Koch sold 3,066 shares of Reliance stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.56, for a total value of $869,394.96. Following the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at $3,975,794.76. The trade was a 17.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Karla R. Lewis sold 5,809 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $283.50, for a total value of $1,646,851.50. Following the completion of the sale, the chief executive officer owned 84,421 shares of the company’s stock, valued at approximately $23,933,353.50. The trade was a 6.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. BMO Capital Markets cut their price objective on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. JPMorgan Chase & Co. dropped their price objective on shares of Reliance from $345.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. Zacks Research cut shares of Reliance from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Finally, Wells Fargo & Company upped their price target on shares of Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $317.25.

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.