United Capital Financial Advisors LLC Makes New $690,000 Investment in Reliance, Inc. $RS

United Capital Financial Advisors LLC acquired a new stake in shares of Reliance, Inc. (NYSE:RS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,848 shares of the industrial products company’s stock, valued at approximately $690,000.

Other large investors also recently modified their holdings of the company. Arjuna Capital acquired a new position in Reliance during the fourth quarter worth $1,838,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Reliance in the 4th quarter valued at $61,317,000. Forsta AP Fonden acquired a new stake in shares of Reliance in the 4th quarter valued at $2,022,000. Fulcrum Wealth Advisors LLC bought a new stake in shares of Reliance in the 4th quarter worth about $2,529,000. Finally, Versor Investments LP bought a new stake in shares of Reliance in the 4th quarter worth about $399,000. 79.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Wall Street Zen lowered shares of Reliance from a “strong-buy” rating to a “buy” rating in a report on Monday. BMO Capital Markets lifted their target price on shares of Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Reliance in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $377.50.

Insider Activity at Reliance

In related news, SVP William A. Smith II sold 2,353 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total value of $974,636.13. Following the completion of the transaction, the senior vice president owned 19,394 shares in the company, valued at $8,033,188.74. The trade was a 10.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Arthur Ajemyan sold 2,200 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $410.11, for a total value of $902,242.00. Following the transaction, the chief financial officer directly owned 14,640 shares in the company, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their position. The SEC filing for this sale provides additional information. 0.40% of the stock is owned by corporate insiders.

Reliance Stock Performance

Reliance stock opened at $387.57 on Monday. The stock has a 50-day simple moving average of $397.24 and a 200 day simple moving average of $362.31. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $433.02. The stock has a market capitalization of $19.79 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 1.00 and a beta of 0.96.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. The firm had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.26 billion. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The company’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, research analysts anticipate that Reliance, Inc. will post 22.23 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. Reliance’s dividend payout ratio is presently 29.07%.

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.