884 Shares in Reliance, Inc. $RS Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc has acquired 884 shares of Reliance, Inc. valued at approximately $255,000 in the first quarter, highlighting increased institutional interest in the company.
• Reliance's quarterly earnings missed analysts' expectations, reporting $4.43 EPS against a consensus estimate of $4.72 EPS, while revenue remained stable at $3.66 billion.
• The company has announced a quarterly dividend of $1.20 per share, which reflects an annualized yield of 1.6% and a payout ratio of 35.04%.

Aberdeen Group plc acquired a new stake in Reliance, Inc. (NYSE:RS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 884 shares of the industrial products company's stock, valued at approximately $255,000.

A number of other institutional investors have also modified their holdings of RS. Boston Partners boosted its holdings in shares of Reliance by 42.7% in the first quarter. Boston Partners now owns 1,021,900 shares of the industrial products company's stock valued at $295,052,000 after purchasing an additional 305,620 shares during the period. Northern Trust Corp raised its position in Reliance by 32.7% during the 4th quarter. Northern Trust Corp now owns 597,348 shares of the industrial products company's stock valued at $160,842,000 after purchasing an additional 147,076 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Reliance in the 1st quarter worth $144,089,000. Nuveen Asset Management LLC lifted its holdings in shares of Reliance by 22.8% in the 4th quarter. Nuveen Asset Management LLC now owns 424,952 shares of the industrial products company's stock worth $114,423,000 after buying an additional 78,877 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Reliance by 2.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 408,339 shares of the industrial products company's stock worth $117,908,000 after buying an additional 10,886 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Trading Up 2.9%

RS opened at $294.07 on Friday. 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 $15.47 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.36 and a beta of 0.89. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $347.43. The stock has a fifty day moving average price of $307.99 and a 200-day moving average price of $296.35.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.29). The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. Reliance's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, equities research analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Reliance's dividend payout ratio is presently 35.04%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RS shares. Wells Fargo & Company upgraded Reliance to a "hold" rating in a report on Thursday, August 14th. Zacks Research downgraded shares of Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Reliance presently has an average rating of "Hold" and an average target price of $323.50.

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.

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