Reliance, Inc. $RS Shares Sold by Alpha Cubed Investments LLC

Key Points

• Alpha Cubed Investments trimmed its Reliance stake by 11.1%, selling 2,746 shares and leaving 22,021 shares valued at about $6.36 million.
• Corporate insiders sold 34,175 Reliance shares worth roughly $10.97 million over the last quarter — including CFO Arthur Ajemyan and SVP William A. Smith II — leaving insiders with 0.40% ownership.
• Reliance beat Q1 expectations with EPS of $5.16 (vs. $4.63 est.) and revenue of $4.03 billion (+15.1% YoY), set Q2 guidance of $5.150–$5.350, and declared a $1.25 quarterly dividend (annual $5.00, yield 1.3%).

Alpha Cubed Investments LLC lowered its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,021 shares of the industrial products company's stock after selling 2,746 shares during the quarter. Alpha Cubed Investments LLC's holdings in Reliance were worth $6,361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Fulcrum Wealth Advisors LLC acquired a new stake in Reliance during the fourth quarter valued at $2,529,000. PFA Pension Forsikringsaktieselskab acquired a new stake in Reliance during the fourth quarter valued at $61,317,000. Danske Bank A S grew its position in Reliance by 3.1% during the fourth quarter. Danske Bank A S now owns 106,949 shares of the industrial products company's stock valued at $30,894,000 after buying an additional 3,212 shares during the period. Torren Management LLC acquired a new stake in Reliance during the fourth quarter valued at $112,000. Finally, M&T Bank Corp grew its position in Reliance by 22.5% during the fourth quarter. M&T Bank Corp now owns 5,852 shares of the industrial products company's stock valued at $1,690,000 after buying an additional 1,073 shares during the period. Institutional investors and hedge funds own 79.26% of the company's stock.

Insider Activity at Reliance

In related 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 value of $1,253,420.00. Following the completion of the transaction, the chief financial officer owned 16,840 shares in the company, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP William A. Smith II sold 6,615 shares of Reliance 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 completion of the transaction, the senior vice president owned 21,747 shares of the company's stock, valued at $6,493,871.67. This trade represents a 23.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 34,175 shares of company stock worth $10,966,902. Corporate insiders own 0.40% of the company's stock.

Reliance Price Performance

Shares of RS stock opened at $372.13 on Wednesday. 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 firm's 50-day moving average is $317.57 and its two-hundred day moving average is $305.90. Reliance, Inc. has a 12 month low of $260.31 and a 12 month high of $373.77. The company has a market capitalization of $19.00 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 1.14 and a beta of 0.95.

Reliance (NYSE:RS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts' consensus estimates of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business had revenue of $4.03 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same period last year, the business earned $3.77 earnings per share. The business's revenue for the quarter was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Analysts predict that Reliance, Inc. will post 18.7 earnings per share for the current year.

Reliance Announces Dividend

The firm 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 is Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Reliance's payout ratio is 32.62%.

Analyst Ratings Changes

Several analysts recently commented on RS shares. Zacks Research upgraded shares of Reliance from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 3rd. Seaport Research Partners raised their price target on shares of Reliance from $340.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, April 28th. The Goldman Sachs Group initiated coverage on shares of Reliance in a report on Wednesday, April 1st. They set a "neutral" rating and a $300.00 price objective on the stock. Wall Street Zen raised shares of Reliance from a "hold" rating to a "buy" rating in a report on Saturday, April 11th. Finally, Bank of America downgraded shares of Reliance from a "neutral" rating to an "underperform" rating and set a $365.00 price objective on the stock. in a report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $344.67.

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.

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