Versor Investments LP Purchases Shares of 1,380 Reliance, Inc. $RS

Versor Investments LP purchased a new stake in Reliance, Inc. (NYSE:RS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,380 shares of the industrial products company’s stock, valued at approximately $399,000.

Other large investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC acquired a new position in Reliance in the 4th quarter valued at approximately $28,000. Quarry LP acquired a new position in Reliance in the 3rd quarter valued at approximately $32,000. Guerra Advisors Inc acquired a new position in Reliance in the 3rd quarter valued at approximately $34,000. Root Financial Partners LLC acquired a new position in Reliance in the 3rd quarter valued at approximately $38,000. Finally, Advisory Services Network LLC acquired a new position in Reliance in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

RS has been the subject of several recent research reports. KeyCorp upped their price target on Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. BMO Capital Markets increased their target price on Reliance from $320.00 to $350.00 and gave the stock a “market perform” rating in a report on Monday, April 27th. Seaport Research Partners increased their target price on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Reliance has a consensus rating of “Hold” and an average target price of $344.67.

Reliance Trading Down 0.1%

RS stock opened at $368.40 on Friday. The business has a fifty day moving average price of $324.75 and a 200 day moving average price of $310.54. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $381.00. The stock has a market capitalization of $18.81 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 1.14 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the firm posted $3.77 EPS. The business’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 expect that Reliance, Inc. will post 18.98 EPS for the current fiscal 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. Reliance’s dividend payout ratio (DPR) is currently 32.62%.

Insider Activity at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 16,840 shares in the company, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total value of $7,738,177.20. Following the completion of the transaction, the chief operating officer owned 14,021 shares in the company, valued at $4,509,434.02. The trade was a 63.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,175 shares of company stock valued at $10,966,902 in the last three months. 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.