Reliance, Inc. $RS Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its position in Reliance, Inc. (NYSE:RS) by 16.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,821 shares of the industrial products company’s stock after selling 27,129 shares during the quarter. Copeland Capital Management LLC’s holdings in Reliance were worth $39,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Private Trust Co. NA boosted its position in shares of Reliance by 417.6% in the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 71 shares in the last quarter. Allworth Financial LP boosted its holdings in Reliance by 46.3% in the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 44 shares in the last quarter. Caldwell Trust Co purchased a new stake in shares of Reliance during the second quarter worth about $58,000. Transamerica Financial Advisors LLC grew its stake in shares of Reliance by 31.4% during the second quarter. Transamerica Financial Advisors LLC now owns 201 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 48 shares during the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Reliance during the second quarter valued at about $68,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Trading Down 1.2%

Shares of Reliance stock opened at $293.18 on Tuesday. The stock has a market cap of $15.33 billion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.90 and a beta of 0.92. The firm has a fifty day moving average price of $281.17 and a 200 day moving average price of $292.21. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.Reliance’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities research analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued a $1.20 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Reliance’s payout ratio is presently 35.09%.

Insider Activity at Reliance

In other news, CEO Karla R. Lewis sold 5,809 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the sale, the chief executive officer owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This trade represents a 6.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Stephen Paul Koch sold 3,066 shares of Reliance stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $283.56, for a total transaction of $869,394.96. Following the transaction, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $3,975,794.76. This trade represents a 17.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RS. Wells Fargo & Company lifted their target price on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research note on Friday, November 14th. BMO Capital Markets lowered their price objective on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. reduced their target price on Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, December 5th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $317.25.

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.