Capital Fund Management S.A. Sells 11,733 Shares of Reliance, Inc. $RS

Key Points

• Capital Fund Management S.A. reduced its stake in Reliance, Inc. by 39.8%, selling 11,733 shares during the first quarter and leaving them with 17,714 shares valued at approximately $5.1 million.
• Numerous hedge funds have shown increasing interest in Reliance, with Boston Partners boosting its stake by 42.7% and GAMMA Investing LLC dramatically increasing its stake by over 33,792% during the same period.
• The company recently announced a quarterly dividend of $1.20 per share, which results in an annualized yield of 1.6% and a dividend payout ratio of 35.04%.

Capital Fund Management S.A. decreased its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 39.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,714 shares of the industrial products company's stock after selling 11,733 shares during the quarter. Capital Fund Management S.A.'s holdings in Reliance were worth $5,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RS. Nuveen LLC acquired a new position in Reliance during the 1st quarter valued at approximately $144,089,000. Boston Partners increased its stake in 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 in the last quarter. GAMMA Investing LLC increased its stake in Reliance by 33,792.2% during the 1st quarter. GAMMA Investing LLC now owns 278,933 shares of the industrial products company's stock valued at $80,542,000 after purchasing an additional 278,110 shares in the last quarter. American Century Companies Inc. increased its stake in Reliance by 37.9% during the 1st quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company's stock valued at $170,039,000 after purchasing an additional 161,892 shares in the last quarter. Finally, Northern Trust Corp increased its stake 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. Institutional investors and hedge funds own 79.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on RS shares. Zacks Research lowered shares of Reliance from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wells Fargo & Company upgraded shares of Reliance to a "hold" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $323.50.

Reliance Stock Up 2.9%

RS stock opened at $294.07 on Friday. The firm's fifty day simple moving average is $307.99 and its 200-day simple moving average is $296.35. The company has a market capitalization of $15.47 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $347.43.

Reliance (NYSE:RS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.29). The business had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm's revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, equities research analysts forecast 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, August 29th. Investors of record on Friday, August 15th will be issued 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 35.04%.

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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