Securian Asset Management Inc. Reduces Holdings in Reliance, Inc. $RS

Securian Asset Management Inc. lessened its position in shares of Reliance, Inc. (NYSE:RS) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,005 shares of the industrial products company’s stock after selling 186 shares during the quarter. Securian Asset Management Inc.’s holdings in Reliance were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RS. TCTC Holdings LLC lifted its position in shares of Reliance by 138.9% during the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after buying an additional 50 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Reliance by 417.6% during 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 during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Reliance during the 1st quarter valued at $29,000. Wayfinding Financial LLC bought a new stake in shares of Reliance during the 1st quarter valued at $30,000. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Reliance by 595.5% during the 1st 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 period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Reliance to a “hold” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. decreased 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. Finally, Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $327.80.

Reliance Price Performance

Shares of NYSE RS opened at $273.81 on Friday. The firm has a market capitalization of $14.40 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.31 and a beta of 0.87. 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’s 50-day simple moving average is $285.48 and its two-hundred day simple moving average is $295.65. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.54 billion. Reliance had a return on equity of 10.41% and a net margin of 5.23%.Reliance’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, equities analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be paid a $1.20 dividend. 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 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.