Dimensional Fund Advisors LP Sells 111,623 Shares of Reliance, Inc. $RS

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Reliance, Inc. by 11.3%, selling 111,623 shares, and now owns approximately 1.67% of the company valued at $253 million.
• Reliance's quarterly earnings report indicated an EPS of $4.43, missing estimates by $0.29, while revenue rose marginally by 0.5% year-over-year.
• The company declared a quarterly dividend of $1.20 with a yield of 1.7%, payable on August 29th, and a payout ratio of 35.04%.

Dimensional Fund Advisors LP trimmed its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 11.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 876,611 shares of the industrial products company's stock after selling 111,623 shares during the period. Dimensional Fund Advisors LP owned about 1.67% of Reliance worth $253,096,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. TCTC Holdings LLC boosted its stake in shares of Reliance by 138.9% during the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock worth $25,000 after acquiring an additional 50 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Reliance in the 1st quarter valued at $29,000. Wayfinding Financial LLC purchased a new position in Reliance in the 1st quarter worth about $30,000. Coppell Advisory Solutions LLC increased its stake in Reliance by 224.6% in the 4th quarter. Coppell Advisory Solutions LLC now owns 185 shares of the industrial products company's stock worth $49,000 after purchasing an additional 128 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in Reliance during the 4th quarter worth about $58,000. Institutional investors own 79.26% of the company's stock.

Reliance Stock Up 2.8%

Shares of NYSE RS traded up $7.9240 during mid-day trading on Friday, reaching $293.7740. The company had a trading volume of 195,701 shares, compared to its average volume of 406,167. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. The company has a market capitalization of $15.45 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.36 and a beta of 0.89. The stock has a fifty day moving average of $308.31 and a two-hundred day moving average of $296.26. 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 announced its quarterly earnings data 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 company 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 firm posted $4.65 earnings per share. The business's revenue for the quarter 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 research analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The company also recently disclosed 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 (DPR) is presently 35.04%.

Analysts Set New Price Targets

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

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.