DekaBank Deutsche Girozentrale Decreases Stock Position in Reliance, Inc. $RS

DekaBank Deutsche Girozentrale lessened its stake in Reliance, Inc. (NYSE:RS) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,901 shares of the industrial products company’s stock after selling 254 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.15% of Reliance worth $24,401,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Reliance in the 2nd quarter valued at approximately $20,658,000. William Blair Investment Management LLC acquired a new position in shares of Reliance in the 2nd quarter valued at approximately $72,373,000. Private Trust Co. NA raised its position in shares of Reliance by 417.6% in the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 71 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Reliance by 16.0% in the 2nd quarter. Ritholtz Wealth Management now owns 4,777 shares of the industrial products company’s stock valued at $1,500,000 after purchasing an additional 658 shares in the last quarter. Finally, Bayforest Capital Ltd raised its position in shares of Reliance by 120.3% in the 2nd quarter. Bayforest Capital Ltd now owns 2,507 shares of the industrial products company’s stock valued at $787,000 after purchasing an additional 1,369 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RS. Wells Fargo & Company raised 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 report on Wednesday, October 8th. Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. dropped their price target on Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $327.80.

Reliance Stock Performance

RS stock opened at $273.99 on Thursday. 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 firm has a market cap of $14.41 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.33 and a beta of 0.87. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43. The stock’s 50 day simple moving average is $285.81 and its 200 day simple moving average is $295.58.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, equities research analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, November 21st. Reliance’s dividend payout ratio is presently 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.