Sanctuary Advisors LLC Makes New $1.09 Million Investment in Reliance, Inc. $RS

Sanctuary Advisors LLC purchased a new stake in shares of Reliance, Inc. (NYSE:RS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,920 shares of the industrial products company’s stock, valued at approximately $1,091,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in RS. Costello Asset Management INC purchased a new position in Reliance in the 1st quarter worth $30,000. Brown Brothers Harriman & Co. lifted its position in Reliance by 86.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares during the period. Quarry LP purchased a new stake in Reliance during the 3rd quarter valued at about $32,000. Greenline Wealth Management LLC purchased a new stake in Reliance during the 4th quarter valued at about $32,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Reliance by 87.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Insider Buying and Selling

In related news, SVP William A. Smith II sold 2,353 shares of the business’s stock in a transaction 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 directly 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 business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the transaction, the chief financial officer owned 14,640 shares of the company’s stock, valued at approximately $6,004,010.40. This represents a 13.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is owned by company insiders.

Reliance Stock Performance

NYSE RS opened at $391.61 on Friday. The firm has a market capitalization of $20.00 billion, a P/E ratio of 22.77, a PEG ratio of 1.01 and a beta of 0.96. The stock has a 50-day simple moving average of $397.42 and a two-hundred day simple moving average of $362.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.27 and a current ratio of 4.30. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $433.02.

Reliance (NYSE:RS) last issued its earnings results 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 the consensus estimate of $4.26 billion. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The company’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.43 earnings per share. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, equities analysts forecast that Reliance, Inc. will post 22.23 earnings per share for the current year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 14th. Reliance’s dividend payout ratio is currently 29.07%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RS. JPMorgan Chase & Co. reduced their price objective on Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Citigroup reiterated a “neutral” rating on shares of Reliance in a research report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Reliance in a report on Thursday, August 13th. KeyCorp raised their price target on shares of Reliance from $378.00 to $418.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Finally, Zacks Research upgraded shares of Reliance from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Reliance currently has a consensus rating of “Hold” and a consensus price target of $377.50.

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.