Reliance, Inc. $RS Stock Holdings Increased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its holdings in Reliance, Inc. by 37.9%, owning approximately 1.12% of the company worth about $170 million after acquiring an additional 161,892 shares.
• Reliance recently announced a quarterly dividend of $1.20 per share, yielding 1.7%, with a payout ratio of 35.04%.
• Analysts have raised Reliance's rating to "hold," with an average target price set at $323.50, while the company's stock has shown a 1.4% decline recently.

American Century Companies Inc. raised its stake in Reliance, Inc. (NYSE:RS - Free Report) by 37.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 588,878 shares of the industrial products company's stock after purchasing an additional 161,892 shares during the quarter. American Century Companies Inc. owned 1.12% of Reliance worth $170,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of RS. Price T Rowe Associates Inc. MD raised its stake in Reliance by 9.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,709,737 shares of the industrial products company's stock valued at $998,886,000 after purchasing an additional 319,576 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Reliance by 15.5% during the fourth quarter. First Trust Advisors LP now owns 1,382,916 shares of the industrial products company's stock valued at $372,364,000 after buying an additional 185,873 shares during the last quarter. Boston Partners increased its position in shares of Reliance by 42.7% during the 1st 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 last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Reliance by 23.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 633,578 shares of the industrial products company's stock worth $170,598,000 after buying an additional 121,078 shares during the period. Finally, Northern Trust Corp boosted its holdings in Reliance by 32.7% in the 4th quarter. Northern Trust Corp now owns 597,348 shares of the industrial products company's stock worth $160,842,000 after buying an additional 147,076 shares during the period. Hedge funds and other institutional investors own 79.26% of the company's stock.

Wall Street Analyst Weigh In

RS has been the topic of several recent analyst reports. Wells Fargo & Company raised shares of Reliance to a "hold" rating in a research note 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. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $323.50.

Reliance Price Performance

RS stock traded up $4.0450 on Tuesday, reaching $287.3750. 306,452 shares of the company's stock were exchanged, compared to its average volume of 407,557. The firm has a market cap of $15.11 billion, a PE ratio of 20.98, a P/E/G ratio of 1.36 and a beta of 0.89. 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 has a fifty day moving average of $309.71 and a 200-day moving average of $296.41. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43.

Reliance (NYSE:RS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.66 billion. During the same period in the previous year, the company 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. As a group, equities analysts predict that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $1.20 per share. The ex-dividend date is Friday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.7%. Reliance's dividend payout ratio is presently 35.04%.

About Reliance

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.