Dimensional Fund Advisors LP Has $266.08 Million Holdings in Reliance, Inc. (NYSE:RS)

Dimensional Fund Advisors LP lowered its position in Reliance, Inc. (NYSE:RS - Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 988,234 shares of the industrial products company's stock after selling 104,723 shares during the quarter. Dimensional Fund Advisors LP owned 1.83% of Reliance worth $266,080,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RS. Pacer Advisors Inc. lifted its holdings in Reliance by 6,311.2% in the 4th quarter. Pacer Advisors Inc. now owns 816,465 shares of the industrial products company's stock worth $219,841,000 after buying an additional 803,730 shares in the last quarter. Norges Bank acquired a new stake in shares of Reliance in the 4th quarter valued at about $186,255,000. American Century Companies Inc. raised its stake in shares of Reliance by 1,127.9% in the 4th quarter. American Century Companies Inc. now owns 426,986 shares of the industrial products company's stock valued at $114,971,000 after purchasing an additional 392,213 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Reliance by 53.5% in the 4th quarter. Principal Financial Group Inc. now owns 725,685 shares of the industrial products company's stock valued at $195,402,000 after purchasing an additional 252,955 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Reliance by 15.5% in the 4th quarter. First Trust Advisors LP now owns 1,382,916 shares of the industrial products company's stock valued at $372,364,000 after purchasing an additional 185,873 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Stock Performance

NYSE RS traded down $0.62 on Friday, hitting $284.54. The stock had a trading volume of 301,908 shares, compared to its average volume of 400,172. Reliance, Inc. has a one year low of $250.07 and a one year high of $326.87. The company has a quick ratio of 1.58, a current ratio of 3.21 and a debt-to-equity ratio of 0.10. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of 18.43 and a beta of 0.83. The company's 50-day moving average is $283.42 and its two-hundred day moving average is $289.57.

Reliance (NYSE:RS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The industrial products company reported $3.77 EPS for the quarter, topping the consensus estimate of $3.66 by $0.11. Reliance had a net margin of 6.33% and a return on equity of 11.87%. The firm had revenue of $3.48 billion during the quarter, compared to analysts' expectations of $3.44 billion. On average, analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, May 23rd. Reliance's payout ratio is currently 34.41%.

Insider Transactions at Reliance

In other Reliance news, CEO Karla R. Lewis sold 31,136 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $300.52, for a total value of $9,356,990.72. Following the sale, the chief executive officer now directly owns 90,230 shares in the company, valued at approximately $27,115,919.60. The trade was a 25.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Reliance from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. KeyCorp upped their target price on shares of Reliance from $321.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $319.00.

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.