MQS Management LLC Invests $576,000 in Reliance, Inc. $RS

MQS Management LLC purchased a new position in shares of Reliance, Inc. (NYSE:RS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,895 shares of the industrial products company’s stock, valued at approximately $576,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC purchased a new stake in shares of Reliance during the fourth quarter worth $28,000. Brown Brothers Harriman & Co. raised its position in shares of Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after buying an additional 50 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in shares of Reliance in the fourth quarter worth about $32,000. Quarry LP purchased a new position in shares of Reliance in the third quarter worth about $32,000. Finally, Parkside Financial Bank & Trust boosted its position in Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 55 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on RS. JPMorgan Chase & Co. increased their price objective on shares of Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. KeyCorp boosted their target price on Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. The Goldman Sachs Group assumed coverage on Reliance in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 price target for the company. BMO Capital Markets increased their price target on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Finally, Wells Fargo & Company lifted their price objective on Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $364.50.

Reliance Price Performance

Shares of RS stock opened at $374.22 on Wednesday. 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 moving average is $377.98 and its two-hundred day moving average is $336.08. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $419.83. The company has a market capitalization of $19.10 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share 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 company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business posted $3.77 EPS. Reliance’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. Analysts predict that Reliance, Inc. will post 19.26 earnings per share for the current year.

Reliance Dividend Announcement

The firm 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. The ex-dividend date was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Reliance’s dividend payout ratio is currently 32.62%.

Insider Buying and Selling

In related news, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

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.