Reliance, Inc. $RS Position Trimmed by Copeland Capital Management LLC

Key Points

• Copeland Capital Management cut its stake in Reliance by 7.1% in Q4 to 130,776 shares (about $37.8M), while institutional investors collectively own roughly 79.26% of the company.
• Reliance beat Q1 estimates — EPS $5.16 vs. $4.63 and revenue $4.03B (+15.1% YoY) — and raised Q2 EPS guidance to 5.150–5.350, though the stock pulled back on higher-volume profit-taking.
• Significant insider selling occurred: SVP William A. Smith II sold 6,615 shares and COO Stephen P. Koch sold 24,060 shares, trimming their holdings by about 23% and 63% respectively; insiders now own 0.40%.

Copeland Capital Management LLC decreased its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,776 shares of the industrial products company's stock after selling 10,045 shares during the period. Copeland Capital Management LLC owned about 0.25% of Reliance worth $37,777,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Masso Torrence Wealth Management Inc. increased its stake in Reliance by 3.3% during the third quarter. Masso Torrence Wealth Management Inc. now owns 1,148 shares of the industrial products company's stock valued at $322,000 after purchasing an additional 37 shares during the last quarter. Kathmere Capital Management LLC increased its stake in Reliance by 4.9% during the fourth quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company's stock valued at $227,000 after purchasing an additional 37 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Reliance by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 325 shares of the industrial products company's stock valued at $91,000 after purchasing an additional 38 shares during the last quarter. Choreo LLC increased its stake in Reliance by 2.9% during the third quarter. Choreo LLC now owns 1,366 shares of the industrial products company's stock valued at $383,000 after purchasing an additional 39 shares during the last quarter. Finally, Stonegate Investment Group LLC increased its stake in Reliance by 5.0% during the third quarter. Stonegate Investment Group LLC now owns 836 shares of the industrial products company's stock valued at $235,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

Insider Activity

In related news, SVP William A. Smith II sold 6,615 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the sale, the senior vice president owned 21,747 shares of the company's stock, valued at $6,493,871.67. This represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Stephen Paul Koch sold 24,060 shares of the company's stock in a transaction dated Monday, February 23rd. The stock was 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 $4,509,434.02. The trade was a 63.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.40% of the company's stock.

Reliance Stock Performance

RS stock opened at $344.17 on Friday. The company has a market capitalization of $17.80 billion, a P/E ratio of 22.45, a PEG ratio of 1.33 and a beta of 0.88. The company has a 50-day simple moving average of $314.37 and a 200 day simple moving average of $301.99. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $365.59. The company has a quick ratio of 2.30, a current ratio of 4.88 and a debt-to-equity ratio of 0.20.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.63 by $0.53. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.32%. The company's quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Sell-side analysts predict that Reliance, Inc. will post 17.65 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $5.00 annualized dividend and a yield of 1.5%. Reliance's dividend payout ratio is presently 35.79%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Reliance from $323.00 to $330.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 15th. BMO Capital Markets lowered shares of Reliance from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $340.00 to $320.00 in a research note on Friday, February 20th. Weiss Ratings restated a "hold (c)" rating on shares of Reliance in a research report on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Reliance from $330.00 to $340.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 14th. Finally, Bank of America upped their price target on shares of Reliance from $340.00 to $355.00 and gave the stock a "neutral" rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Reliance has a consensus rating of "Hold" and a consensus target price of $331.00.

Key Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Q1 results materially beat expectations: EPS $5.16 vs. $4.63 est., revenue $4.03B (+15.1% YoY) and management raised Q2 EPS guidance to $5.150–5.350 (above consensus ~5.00). This supports upside to near-term earnings momentum. Reliance, Inc. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Board declared a quarterly cash dividend of $1.25/share (record May 22; pay June 5), ~1.4% yield — supports income-minded holders and reduces downside for yield-focused investors.
• Neutral Sentiment: Bank of America bumped its price target from $340 to $355 but retained a "neutral" rating, signaling limited near-term enthusiasm from a major analyst despite the PT lift. Bank of America price target update
• Neutral Sentiment: Earnings call transcript and analyst write-ups provide color on end-market strength (steel demand/pricing) but no major strategic surprises — useful for modeling but not a clear catalyst. Reliance, Inc. (RS) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Despite the beat, shares are down on higher-than-average volume — likely profit-taking after the rally toward the 1‑year high and lingering valuation/rotation concerns (P/E ~24.6, PEG ~1.27). This suggests short-term selling pressure even with fundamentally positive results.

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.

Want to see what other hedge funds are holding RS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Reliance, Inc. (NYSE:RS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.