Assetmark Inc. Sells 1,712 Shares of Reliance, Inc. $RS

Assetmark Inc. decreased its position in Reliance, Inc. (NYSE:RS) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,996 shares of the industrial products company’s stock after selling 1,712 shares during the period. Assetmark Inc. owned 0.05% of Reliance worth $7,798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Foundations Investment Advisors LLC bought a new position in Reliance in the 3rd quarter valued at $1,576,000. Principal Financial Group Inc. lifted its holdings in shares of Reliance by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 755,756 shares of the industrial products company’s stock worth $212,243,000 after acquiring an additional 30,765 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Reliance during the 4th quarter worth $10,297,000. Assenagon Asset Management S.A. lifted its holdings in shares of Reliance by 24.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock worth $7,015,000 after acquiring an additional 4,817 shares during the last quarter. Finally, First National Advisers LLC bought a new stake in shares of Reliance during the 3rd quarter worth $1,948,000. 79.26% of the stock is owned by institutional investors.

Reliance Price Performance

Shares of NYSE RS opened at $325.90 on Friday. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $365.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.88 and a quick ratio of 2.30. The company’s 50-day moving average is $315.52 and its 200 day moving average is $300.37. The stock has a market capitalization of $16.86 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.21 and a beta of 0.88.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.40 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Reliance had a return on equity of 10.45% and a net margin of 5.17%.Reliance’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.22 EPS. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. On average, sell-side analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date was Friday, March 6th. Reliance’s payout ratio is currently 35.79%.

Analyst Ratings Changes

RS has been the subject of a number of research analyst reports. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Wells Fargo & Company lifted 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. BMO Capital Markets cut shares of Reliance from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $340.00 to $320.00 in a research report on Friday, February 20th. Wall Street Zen upgraded shares of Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $326.20.

Insider Buying and Selling

In other Reliance news, COO Stephen Paul Koch sold 24,060 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the completion of the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This represents a 63.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William A. Smith II sold 6,615 shares of the company’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 transaction of $1,975,305.15. Following the sale, the senior vice president directly owned 21,747 shares of the company’s stock, valued at approximately $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is currently owned by corporate insiders.

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.