230,562 Shares in Reliance, Inc. $RS Bought by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC acquired 230,562 shares of Reliance, Inc., valued at approximately $72.37 million, during the second quarter.
• Analyst ratings for Reliance are mixed, with a consensus of three "Buy" ratings and five "Hold" ratings, while the company's average price target is set at $327.80.
• The company declared a quarterly dividend of $1.20 per share, leading to an annualized yield of 1.8% and a payout ratio of 35.04%.

William Blair Investment Management LLC bought a new position in Reliance, Inc. (NYSE:RS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 230,562 shares of the industrial products company's stock, valued at approximately $72,373,000. William Blair Investment Management LLC owned 0.44% of Reliance as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. IFP Advisors Inc boosted its holdings in Reliance by 10.7% in the second quarter. IFP Advisors Inc now owns 340 shares of the industrial products company's stock valued at $112,000 after acquiring an additional 33 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Reliance by 2.6% in the second quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company's stock valued at $420,000 after acquiring an additional 34 shares in the last quarter. Cordatus Wealth Management LLC boosted its holdings in Reliance by 3.7% in the first quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company's stock valued at $281,000 after acquiring an additional 35 shares in the last quarter. 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 acquiring an additional 35 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Reliance by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company's stock valued at $3,200,000 after acquiring an additional 38 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RS has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut 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 upgraded shares of Reliance to a "hold" rating in a report on Thursday, August 14th. Zacks Research cut shares of Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Reliance in a report on Wednesday, October 8th. Three investment 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 company currently has a consensus rating of "Hold" and an average price target of $327.80.

Reliance Stock Performance

Shares of RS stock opened at $272.10 on Friday. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $347.43. The stock has a market cap 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 company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14. The company's fifty day moving average price is $286.45 and its 200-day moving average price is $295.61.

Reliance (NYSE:RS - Get Free Report) last announced 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 the consensus estimate of $3.66 billion. During the same quarter last year, the firm posted $4.65 EPS. The business's quarterly revenue was up .5% on a year-over-year basis. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, equities analysts expect that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The company 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 was Friday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Reliance's 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.

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