Peterson Wealth Services grew its holdings in shares of Reliance, Inc. (NYSE:RS – Free Report) by 2,983.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,207 shares of the industrial products company’s stock after purchasing an additional 3,103 shares during the period. Peterson Wealth Services’ holdings in Reliance were worth $926,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Kathmere Capital Management LLC raised its position in shares of Reliance by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after acquiring an additional 37 shares during the last quarter. Choreo LLC raised its position in shares of Reliance by 2.9% during 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 during the last quarter. GAMMA Investing LLC raised its position in shares of Reliance by 4.4% during 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 during the last quarter. Fisher Asset Management LLC raised its position in shares of Reliance by 1.5% during the third quarter. Fisher Asset Management LLC now owns 2,935 shares of the industrial products company’s stock worth $824,000 after acquiring an additional 43 shares during the last quarter. Finally, Advisory Research Inc. raised its position in shares of Reliance by 2.6% during the third quarter. Advisory Research Inc. now owns 1,782 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 45 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total value of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares in the company, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on Reliance
Reliance Trading Up 4.1%
NYSE RS opened at $410.31 on Friday. The stock has a 50-day simple moving average of $356.88 and a 200 day simple moving average of $325.52. The company has a market capitalization of $20.95 billion, a PE ratio of 26.77, a P/E/G ratio of 1.22 and a beta of 0.95. The company has a current ratio of 4.39, a quick ratio of 2.24 and a debt-to-equity ratio of 0.24. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $411.00.
Reliance (NYSE:RS – Get Free Report) last released 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. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Research analysts forecast that Reliance, Inc. will post 18.98 EPS for the current year.
Reliance Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 22nd. Reliance’s dividend payout ratio is currently 32.62%.
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.
Read More
- Five stocks we like better than Reliance
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding RS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reliance, Inc. (NYSE:RS – Free Report).
Receive News & Ratings for Reliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reliance and related companies with MarketBeat.com's FREE daily email newsletter.
