EntryPoint Capital LLC Takes $292,000 Position in Reliance, Inc. $RS

Key Points

• EntryPoint Capital LLC acquired a new position in Reliance, Inc. valued at approximately $292,000 by purchasing 1,012 shares during the 1st quarter.
• Major institutional investors, including Nuveen LLC and Boston Partners, have increased their stakes in Reliance, contributing to institutional ownership now totaling 79.26% of the company's stock.
• Reliance announced a quarterly dividend of $1.20, with a dividend yield of 1.6%, to be paid on August 29th to stockholders recorded as of August 15th.

EntryPoint Capital LLC bought a new position in shares of Reliance, Inc. (NYSE:RS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,012 shares of the industrial products company's stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also modified their holdings of RS. Nuveen LLC bought a new stake in shares of Reliance during the 1st quarter worth about $144,089,000. Boston Partners boosted its holdings 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 worth $295,052,000 after buying an additional 305,620 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Reliance by 33,792.2% during the 1st quarter. GAMMA Investing LLC now owns 278,933 shares of the industrial products company's stock worth $80,542,000 after buying an additional 278,110 shares during the period. American Century Companies Inc. boosted its holdings in shares of Reliance by 37.9% during the 1st quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company's stock worth $170,039,000 after buying an additional 161,892 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Reliance by 32.7% during 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. Institutional investors own 79.26% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on RS shares. Wells Fargo & Company raised 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 research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Reliance presently has a consensus rating of "Hold" and an average price target of $323.50.

Reliance Stock Performance

NYSE RS opened at $294.07 on Friday. 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 company has a market capitalization of $15.47 billion, a P/E ratio of 21.46, a P/E/G 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 firm has a 50-day moving average price of $307.99 and a two-hundred day moving average price of $296.35.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.72 by ($0.29). The business had revenue of $3.66 billion during 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%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $1.20 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. 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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