Reliance, Inc. $RS Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC reduced its position in shares of Reliance, Inc. (NYSE:RS) by 74.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,448 shares of the industrial products company’s stock after selling 4,165 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Reliance were worth $418,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Elevation Wealth Partners LLC acquired a new stake in shares of Reliance during the 4th quarter worth about $28,000. Quarry LP acquired a new stake in shares of Reliance during the 3rd quarter worth about $32,000. Guerra Advisors Inc acquired a new stake in shares of Reliance during the 3rd quarter worth about $34,000. Elyxium Wealth LLC acquired a new stake in shares of Reliance during the 4th quarter worth about $36,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Reliance during the 3rd quarter worth about $39,000. 79.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Reliance

In related news, SVP William A. Smith II sold 6,615 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the transaction, the senior vice president owned 21,747 shares in the company, valued at approximately $6,493,871.67. This trade represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Arthur Ajemyan sold 3,500 shares of the firm’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 completion of the transaction, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.40% of the company’s stock.

Reliance Trading Up 2.5%

Shares of RS stock opened at $392.25 on Wednesday. The firm has a market cap of $20.02 billion, a P/E ratio of 25.59, a PEG ratio of 1.19 and a beta of 0.95. Reliance, Inc. has a 1-year low of $260.31 and a 1-year high of $394.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The firm’s 50-day simple moving average is $341.00 and its 200-day simple moving average is $318.33.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $3.89 billion. During the same quarter last year, the firm posted $3.77 earnings per share. Reliance’s revenue for the quarter was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, equities analysts forecast that Reliance, Inc. will post 18.98 EPS for the current year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $1.25 dividend. The ex-dividend date is Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.3%. Reliance’s dividend payout ratio (DPR) is presently 32.62%.

Analyst Ratings Changes

RS has been the topic of several analyst reports. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wells Fargo & Company increased their price objective on shares of Reliance from $323.00 to $330.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Zacks Research upgraded shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. BMO Capital Markets increased their price objective on shares of Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a report on Monday, April 27th. Finally, Seaport Research Partners increased their price objective on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $344.67.

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.