United Capital Financial Advisors LLC Buys Shares of 1,848 Reliance, Inc. $RS

United Capital Financial Advisors LLC bought a new stake in Reliance, Inc. (NYSE:RS) during the 2nd quarter, Holdings Channel reports. The fund bought 1,848 shares of the industrial products company’s stock, valued at approximately $690,000.

Other institutional investors also recently modified their holdings of the company. XXEC Inc. bought a new stake in shares of Reliance during the second quarter worth approximately $127,493,000. BlackRock Inc. bought a new position in Reliance in the second quarter valued at approximately $2,171,081,000. State Street Corp grew its holdings in Reliance by 4.5% during the 4th quarter. State Street Corp now owns 2,715,764 shares of the industrial products company’s stock worth $784,503,000 after acquiring an additional 118,009 shares during the period. Boston Partners grew its holdings in Reliance by 27.5% during the 3rd quarter. Boston Partners now owns 2,247,603 shares of the industrial products company’s stock worth $631,224,000 after acquiring an additional 484,286 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Reliance by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,708,756 shares of the industrial products company’s stock valued at $479,870,000 after acquiring an additional 343,598 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Stock Down 0.0%

Shares of NYSE:RS opened at $387.57 on Monday. The company has a 50 day moving average price of $397.24 and a two-hundred day moving average price of $362.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30. The company has a market capitalization of $19.79 billion, a PE ratio of 22.53, a PEG ratio of 1.00 and a beta of 0.96. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $433.02.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The company had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm posted $4.43 earnings per share. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Analysts forecast that Reliance, Inc. will post 22.23 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. Reliance’s dividend payout ratio (DPR) is presently 29.07%.

Insider Activity

In other Reliance news, SVP William A. Smith II sold 2,353 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the sale, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. This represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Arthur Ajemyan sold 2,200 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the completion of the sale, the chief financial officer owned 14,640 shares of the company’s stock, valued at $6,004,010.40. This trade represents a 13.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RS. Citigroup reissued a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Reliance in a research note on Thursday, August 13th. Wells Fargo & Company dropped their price objective on Reliance from $398.00 to $391.00 and set an “equal weight” rating for the company in a report on Monday, August 24th. Wall Street Zen lowered Reliance from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, BMO Capital Markets raised their target price on Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $377.50.

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.