Reliance, Inc. $RS Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in Reliance, Inc. (NYSE:RS) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,617 shares of the industrial products company’s stock after acquiring an additional 86 shares during the period. Sequoia Financial Advisors LLC’s holdings in Reliance were worth $822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in RS. TCTC Holdings LLC boosted its holdings in Reliance by 138.9% in the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Reliance in the first quarter valued at $29,000. Wayfinding Financial LLC purchased a new stake in Reliance in the first quarter valued at $30,000. Transamerica Financial Advisors LLC boosted its holdings in Reliance by 595.5% in the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 131 shares during the last quarter. Finally, Hemington Wealth Management boosted its holdings in Reliance by 18.0% in the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 35 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RS shares. JPMorgan Chase & Co. lowered their price target on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Wells Fargo & Company raised shares of Reliance to a “hold” rating in a report on Thursday, August 14th. Zacks Research lowered shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Reliance has an average rating of “Hold” and an average price target of $327.80.

Reliance Price Performance

NYSE:RS opened at $272.10 on Friday. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $14.31 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87. The stock’s 50-day moving average price is $286.45 and its 200-day moving average price is $295.61.

Reliance (NYSE:RS) last posted its earnings results 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 net margin of 5.39% and a return on equity of 10.48%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the business earned $4.65 earnings per share. Reliance’s revenue was up .5% on a year-over-year basis. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, equities analysts expect that Reliance, Inc. will post 16.98 EPS for the current fiscal 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 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 yield of 1.8%. Reliance’s dividend payout ratio (DPR) is currently 35.04%.

Reliance Company 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.