Reliance, Inc. (NYSE:RS) Stock Position Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in shares of Reliance, Inc. (NYSE:RS) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,237 shares of the industrial products company’s stock after buying an additional 685 shares during the period. Asset Management One Co. Ltd.’s holdings in Reliance were worth $5,998,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quent Capital LLC lifted its holdings in shares of Reliance by 4.1% in the 4th quarter. Quent Capital LLC now owns 941 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 37 shares during the last quarter. Peterson Wealth Services lifted its holdings in shares of Reliance by 6.2% in the 4th quarter. Peterson Wealth Services now owns 3,329 shares of the industrial products company’s stock worth $896,000 after purchasing an additional 194 shares during the last quarter. Savant Capital LLC lifted its holdings in shares of Reliance by 86.9% in the 4th quarter. Savant Capital LLC now owns 3,581 shares of the industrial products company’s stock worth $964,000 after purchasing an additional 1,665 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Reliance by 85.5% in the 4th quarter. Empowered Funds LLC now owns 5,404 shares of the industrial products company’s stock worth $1,455,000 after purchasing an additional 2,491 shares during the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of Reliance by 29.3% in the 4th quarter. Vest Financial LLC now owns 130,483 shares of the industrial products company’s stock worth $35,134,000 after purchasing an additional 29,557 shares during the last quarter. Institutional investors own 79.26% of the company’s stock.

Insider Activity

In other news, CEO Karla R. Lewis sold 3,892 shares of Reliance stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $323.90, for a total transaction of $1,260,618.80. Following the transaction, the chief executive officer now directly owns 85,117 shares in the company, valued at approximately $27,569,396.30. This trade represents a 4.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.69% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RS has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on Reliance in a report on Monday, December 2nd. They issued a “neutral” rating and a $341.00 price target on the stock. BMO Capital Markets cut their price target on Reliance from $340.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. KeyCorp cut their price target on Reliance from $325.00 to $321.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, Wolfe Research upgraded Reliance from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Reliance has an average rating of “Hold” and an average price target of $328.17.

Reliance Stock Up 0.5 %

RS opened at $299.22 on Wednesday. Reliance, Inc. has a 12 month low of $256.98 and a 12 month high of $342.20. The stock has a market cap of $16.19 billion, a P/E ratio of 16.43 and a beta of 0.91. The stock’s 50 day moving average price is $281.97 and its 200 day moving average price is $289.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 1.58.

Reliance Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.