O Shaughnessy Asset Management LLC Sells 10,542 Shares of Reliance, Inc. $RS

O Shaughnessy Asset Management LLC lessened its stake in shares of Reliance, Inc. (NYSE:RS) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 97,430 shares of the industrial products company’s stock after selling 10,542 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Reliance were worth $28,145,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC bought a new position in shares of Reliance during the 4th quarter valued at approximately $28,000. Quarry LP bought a new position in Reliance during the third quarter valued at $32,000. Elyxium Wealth LLC purchased a new stake in Reliance in the fourth quarter worth $36,000. Sound Income Strategies LLC purchased a new stake in Reliance in the fourth quarter worth $40,000. Finally, Advisory Services Network LLC bought a new stake in shares of Reliance in the third quarter valued at $39,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Price Performance

RS stock opened at $396.54 on Tuesday. Reliance, Inc. has a one year low of $260.31 and a one year high of $401.41. 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 stock has a market cap of $20.24 billion, a PE ratio of 25.87, a P/E/G ratio of 1.22 and a beta of 0.95. The firm has a 50 day simple moving average of $350.80 and a two-hundred day simple moving average of $322.71.

Reliance (NYSE:RS) last released its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, topping 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 company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company posted $3.77 EPS. Reliance’s quarterly revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, analysts predict that Reliance, Inc. will post 18.98 EPS for the current fiscal year.

Reliance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 22nd. Reliance’s dividend payout ratio is 32.62%.

Analyst Ratings Changes

RS has been the topic of a number of recent research reports. The Goldman Sachs Group assumed coverage on Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price target on the stock. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. KeyCorp upped their price objective on shares of Reliance from $341.00 to $378.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Bank of America lowered shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $352.33.

Insider Buying and Selling at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of Reliance 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 directly owned 16,840 shares in the company, valued at approximately $6,030,740.80. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

About Reliance

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.