Reliance, Inc. $RS Position Cut by Inspire Investing LLC

Inspire Investing LLC cut its position in Reliance, Inc. (NYSE:RS) by 18.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 890 shares of the industrial products company’s stock after selling 199 shares during the quarter. Inspire Investing LLC’s holdings in Reliance were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RS. Boston Partners boosted its position in Reliance by 42.7% during the 1st quarter. Boston Partners now owns 1,021,900 shares of the industrial products company’s stock worth $295,052,000 after acquiring an additional 305,620 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Reliance by 1.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 641,052 shares of the industrial products company’s stock valued at $185,104,000 after purchasing an additional 7,474 shares in the last quarter. American Century Companies Inc. lifted its holdings in Reliance by 37.9% in the first quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company’s stock worth $170,039,000 after purchasing an additional 161,892 shares during the period. Nuveen LLC bought a new position in Reliance in the 1st quarter valued at about $144,089,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Reliance by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock valued at $133,196,000 after buying an additional 46,377 shares during the period. 79.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RS. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company upgraded Reliance to a “hold” rating in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $327.80.

Reliance Price Performance

NYSE RS opened at $272.10 on Friday. The stock’s 50-day moving average price is $286.45 and its two-hundred day moving average price is $295.60. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market cap of $14.31 billion, a PE ratio of 19.86, a PEG ratio of 1.29 and a beta of 0.87. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 EPS for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.29). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the business posted $4.65 EPS. 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. On average, analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 15th. Reliance’s dividend payout ratio (DPR) is currently 35.04%.

About Reliance

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.