Reliance, Inc. $RS Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its holdings in shares of Reliance, Inc. (NYSE:RS) by 50.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,780 shares of the industrial products company’s stock after selling 2,792 shares during the quarter. Diversified Trust Co’s holdings in Reliance were worth $845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Citizens Bank & Trust Co. raised its holdings in Reliance by 1.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock valued at $588,000 after acquiring an additional 35 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in Reliance by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock valued at $227,000 after acquiring an additional 37 shares during the last quarter. Choreo LLC grew its holdings in Reliance by 2.9% during the 3rd 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 grew its holdings in Reliance by 4.4% during the 4th 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. Finally, Fisher Asset Management LLC increased its position in shares of Reliance by 1.5% in the 3rd quarter. Fisher Asset Management LLC now owns 2,935 shares of the industrial products company’s stock worth $824,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Reliance Stock Down 0.4%

RS stock opened at $397.05 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a 1-year low of $260.31 and a 1-year high of $419.83. The firm has a fifty day moving average price of $372.99 and a two-hundred day moving average price of $333.24. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.24 and a beta of 0.95.

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

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $1.25 per share. The ex-dividend date was Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s dividend payout ratio is 32.62%.

Wall Street Analysts Forecast Growth

RS has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of Reliance from $343.00 to $376.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. BMO Capital Markets lifted their price target on Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a research note on Monday, April 27th. Bank of America lowered Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective for the company. in a report on Thursday, April 30th. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, KeyCorp increased their target price on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $364.50.

Insider Transactions at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is owned by corporate 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.