Reliance, Inc. $RS Holdings Lowered by Yacktman Asset Management LP

Yacktman Asset Management LP trimmed its stake in shares of Reliance, Inc. (NYSE:RS) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 691,626 shares of the industrial products company’s stock after selling 10,564 shares during the quarter. Reliance comprises 2.8% of Yacktman Asset Management LP’s holdings, making the stock its 11th biggest position. Yacktman Asset Management LP’s holdings in Reliance were worth $199,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kathmere Capital Management LLC raised its position in shares of Reliance by 4.9% during the 4th quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after buying an additional 37 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Reliance by 13.2% in the third quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 38 shares in the last quarter. Choreo LLC increased its position 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. Stonegate Investment Group LLC increased its position in shares of Reliance by 5.0% in the third quarter. Stonegate Investment Group LLC now owns 836 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 40 shares in the last quarter. Finally, GAMMA Investing LLC increased its position 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. 79.26% of the stock is currently owned by institutional investors.

Reliance Stock Performance

Shares of RS opened at $369.46 on Friday. The company’s 50 day moving average price is $319.73 and its 200 day moving average price is $307.35. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $381.00. The company has a market capitalization of $18.86 billion, a PE ratio of 24.10, a PEG ratio of 1.14 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating 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 firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm posted $3.77 earnings per share. The firm’s revenue 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 expect that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Announces Dividend

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

Analyst Ratings Changes

RS has been the topic of several analyst reports. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. KeyCorp lifted their target price on shares of Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. JPMorgan Chase & Co. lifted their target price on shares of Reliance from $340.00 to $345.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Wells Fargo & Company lifted their target price on shares of Reliance from $323.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $344.67.

Insider Activity at Reliance

In related news, COO Stephen Paul Koch sold 24,060 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the transaction, the chief financial officer directly owned 16,840 shares in the company, valued at $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 34,175 shares of company stock valued at $10,966,902. Corporate insiders own 0.40% of the company’s stock.

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.