Versor Investments LP Buys Shares of 1,380 Reliance, Inc. $RS

Versor Investments LP bought a new stake in Reliance, Inc. (NYSE:RS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,380 shares of the industrial products company’s stock, valued at approximately $399,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RS. Elevation Wealth Partners LLC purchased a new position in Reliance in the fourth quarter valued at about $28,000. Quarry LP bought a new stake in shares of Reliance during the 3rd quarter worth about $32,000. Guerra Advisors Inc bought a new stake in shares of Reliance during the 3rd quarter worth about $34,000. Root Financial Partners LLC bought a new stake in shares of Reliance during the 3rd quarter worth about $38,000. Finally, Advisory Services Network LLC bought a new stake in shares of Reliance during the 3rd quarter worth about $39,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Price Performance

Shares of NYSE:RS opened at $368.40 on Friday. The business has a 50 day moving average price of $324.75 and a 200 day moving average price of $310.54. Reliance, Inc. has a twelve month low of $260.31 and a twelve month high of $381.00. The company has a market cap of $18.81 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.14 and a beta of 0.95. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share 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 the consensus estimate of $3.89 billion. During the same quarter in the prior year, the company earned $3.77 EPS. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Research analysts predict that Reliance, Inc. will post 18.98 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.4%. Reliance’s dividend payout ratio is presently 32.62%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RS. Weiss Ratings upgraded Reliance from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Bank of America downgraded Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price target for the company. in a research note on Thursday, April 30th. Wall Street Zen upgraded Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Zacks Research upgraded Reliance from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, The Goldman Sachs Group began coverage on Reliance in a research note on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price target for the company. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $344.67.

Insider Activity at Reliance

In related news, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was 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 owned 14,021 shares in the company, valued at $4,509,434.02. This represents a 63.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $358.12, for a total value of $1,253,420.00. Following the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,175 shares of company stock worth $10,966,902 in the last 90 days. 0.40% 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.