Louisiana State Employees Retirement System Has $4.65 Million Stake in Reliance, Inc. $RS

Louisiana State Employees Retirement System trimmed its stake in Reliance, Inc. (NYSE:RS) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,800 shares of the industrial products company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Reliance were worth $4,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of RS. UMB Bank n.a. boosted its position in shares of Reliance by 57.2% during the 1st quarter. UMB Bank n.a. now owns 555 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 202 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of Reliance by 6.1% during the 1st quarter. Park Avenue Securities LLC now owns 2,161 shares of the industrial products company’s stock valued at $624,000 after acquiring an additional 124 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Reliance by 11.1% during the 1st quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 40 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Reliance by 3.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 7,973 shares of the industrial products company’s stock valued at $2,302,000 after acquiring an additional 258 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Reliance by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 143 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RS has been the topic of several recent research reports. Zacks Research lowered shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reliance in a research report on Wednesday. JPMorgan Chase & Co. initiated coverage on shares of Reliance in a research report on Tuesday, September 9th. They set an “overweight” rating and a $350.00 target price on the stock. Finally, Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a research report on Thursday, August 14th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Reliance has an average rating of “Hold” and an average target price of $328.80.

Reliance Trading Up 0.3%

Shares of RS stock opened at $281.19 on Thursday. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43. The company has a market capitalization of $14.79 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.34 and a beta of 0.87. The firm has a 50-day moving average price of $288.19 and a 200 day moving average price of $296.42. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the business earned $4.65 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Research analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $1.20 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Reliance’s payout ratio is currently 35.04%.

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.