1,939 Reliance, Inc. $RS Shares Sold by Verdence Capital Advisors LLC

Posted by Brian Himes on Oct 31st, 2026

Verdence Capital Advisors LLC lowered its stake in shares of Reliance, Inc. (NYSE:RS – Free Report) by 70.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 830 shares of the industrial products company’s stock after selling 1,939 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Reliance were worth $319,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RS. Peterson Wealth Services raised its position in shares of Reliance by 8.3% in the 3rd quarter. Peterson Wealth Services now owns 3,771 shares of the industrial products company’s stock worth $1,451,000 after buying an additional 289 shares during the period. Viewpoint Investment Partners Corp increased its stake in Reliance by 33.3% during the third quarter. Viewpoint Investment Partners Corp now owns 1,200 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 300 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Reliance by 4.9% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 616 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 29 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of Reliance by 13.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,134 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 251 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of Reliance in the 3rd quarter worth about $88,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on RS. KeyCorp increased their target price on shares of Reliance from $421.00 to $437.00 and gave the stock an “overweight” rating in a research report on Monday. Wall Street Zen raised shares of Reliance from a “buy” rating to a “strong-buy” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their price objective on shares of Reliance from $400.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday. Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. Finally, Barclays raised their target price on shares of Reliance from $420.00 to $445.00 and gave the company an “equal weight” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $400.29.

View Our Latest Report on RS

Insiders Place Their Bets

In other Reliance news, COO Stephen Koch sold 8,334 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $430.87, for a total value of $3,590,870.58. Following the completion of the transaction, the chief operating officer directly owned 8,209 shares of the company’s stock, valued at $3,537,011.83. This represents a 50.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by insiders.

Reliance Price Performance

Shares of NYSE RS opened at $437.28 on Friday. Reliance, Inc. has a 1-year low of $263.12 and a 1-year high of $442.94. The business has a 50-day moving average of $400.34 and a 200-day moving average of $368.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.12 and a quick ratio of 2.22. The company has a market capitalization of $22.28 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 0.93 and a beta of 0.95.

Reliance (NYSE:RS – Get Free Report) last announced its earnings results on Wednesday, October 21st. The industrial products company reported $8.02 EPS for the quarter, beating the consensus estimate of $6.83 by $1.19. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.74 billion. Reliance had a return on equity of 15.31% and a net margin of 6.38%. The company’s revenue was up 42.8% on a year-over-year basis. During the same period last year, the business posted $3.64 EPS. On average, equities analysts anticipate that Reliance, Inc. will post 24.99 EPS for the current fiscal year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 20th. Reliance’s dividend payout ratio is presently 23.31%.

Trending Headlines about Reliance

Here are the key news stories impacting Reliance this week:

Positive Sentiment: Quarterly earnings beat expectations: Reliance’s third-quarter earnings surged 120.3% year over year, supported by higher steel prices, record shipments and contributions from border-wall projects. The strong sales and profit growth reinforces the company’s favorable earnings momentum. Reliance third-quarter earnings report
Positive Sentiment: Analyst sees additional upside: A JPMorgan analyst reportedly expects Reliance stock to rise, providing a supportive signal for investor sentiment. However, the broader analyst consensus remains cautious, with several firms maintaining neutral or equal-weight ratings. JPMorgan Reliance stock outlook
Neutral Sentiment: Strong fundamentals are already reflected in the valuation: Reliance recently reported quarterly EPS of $8.02 versus a $6.83 consensus estimate, while revenue rose 42.8% year over year to $5.21 billion. The results are favorable, but the stock is trading near its 52-week high, increasing the risk of profit-taking and limiting the impact of additional good news.
Negative Sentiment: COO sells a substantial stake: COO Stephen Koch sold 8,334 shares for approximately $3.59 million, reducing his ownership by about 50%. The sale may weigh on sentiment because it occurred near recent highs, although insider transactions can be routine and do not necessarily indicate deteriorating business conditions. Reliance COO insider sale
Neutral Sentiment: Indian Reliance headlines are unrelated: Reports about Reliance Industries, Jio Platforms, and Reliance Retail—including strong consolidated profit growth and Jio’s listing—concern the separate Indian conglomerate, not Reliance, Inc. (NYSE: RS). They should not be treated as direct catalysts for RS.

About Reliance

(Free Report)

Reliance, Inc (NYSE: RS) is a diversified metals service center company that supplies processed metal products and related services to industrial manufacturers, fabricators, and other commercial customers. Its product offerings include carbon steel, stainless steel, aluminum, copper, brass, and other specialty metals.

The company provides value-added processing services such as cutting, slitting, leveling, blanking, machining, forming, and precision sawing. These services allow customers to purchase metals in customized sizes and specifications, helping reduce their need for in-house processing and inventory management.

Founded in 1939, Reliance serves a broad range of industries, including nonresidential construction, transportation, aerospace and defense, energy, electronics, machinery, and general manufacturing.