Forsta AP Fonden Trims Holdings in Reliance, Inc. $RS

Forsta AP Fonden reduced its position in shares of Reliance, Inc. (NYSE:RS) by 7.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,900 shares of the industrial products company’s stock after selling 700 shares during the period. Forsta AP Fonden’s holdings in Reliance were worth $2,794,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. TCTC Holdings LLC lifted its stake in shares of Reliance by 138.9% during the first 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 period. Private Trust Co. NA raised its holdings in 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 acquiring an additional 71 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Reliance during the 1st quarter worth $29,000. Allworth Financial LP boosted its holdings in shares of Reliance by 46.3% during the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 44 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Reliance by 595.5% during the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Stock Performance

Reliance stock opened at $269.82 on Friday. The company has a market cap of $14.11 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $347.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. The stock’s 50-day moving average is $280.67 and its 200-day moving average is $295.75.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the company posted $3.64 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be given a $1.20 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.8%. Reliance’s dividend payout ratio is presently 35.09%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company upped their target price on Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. lowered their price target on Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Zacks Research lowered shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research report on Thursday. Finally, BMO Capital Markets lowered their target price on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $323.00.

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.