Envestnet Portfolio Solutions Inc. Buys 1,692 Shares of Reliance, Inc. $RS

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Reliance, Inc. by 167.7%, acquiring 1,692 additional shares during the second quarter, bringing its total holdings to 2,701 shares valued at approximately $848,000.
• Institutional investors now own 79.26% of Reliance's stock, highlighting significant interest from various financial entities in the company.
• Reliance reported quarterly earnings with an EPS of $4.43, missing analysts' expectations, and has set a Q3 2025 guidance for EPS between 3.600-3.800.

Envestnet Portfolio Solutions Inc. grew its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 167.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,701 shares of the industrial products company's stock after buying an additional 1,692 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Reliance were worth $848,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its stake in shares of Reliance by 3.4% during the second quarter. Sequoia Financial Advisors LLC now owns 2,617 shares of the industrial products company's stock worth $822,000 after buying an additional 86 shares during the last quarter. MGO One Seven LLC bought a new stake in shares of Reliance in the second quarter worth $1,176,000. CWM LLC grew its stake in shares of Reliance by 2.5% in the second quarter. CWM LLC now owns 5,545 shares of the industrial products company's stock worth $1,741,000 after purchasing an additional 133 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Reliance by 1.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,241 shares of the industrial products company's stock worth $5,098,000 after purchasing an additional 264 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in shares of Reliance by 0.6% in the second quarter. Johnson Investment Counsel Inc. now owns 12,685 shares of the industrial products company's stock worth $3,982,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 79.26% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. 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 research note on Wednesday, August 13th. JPMorgan Chase & Co. reduced their price objective on shares of Reliance from $350.00 to $345.00 and set an "overweight" rating on the stock in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Reliance in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $327.80.

Reliance Stock Performance

Shares of RS opened at $272.10 on Monday. 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 stock has a market capitalization of $14.31 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87. The firm's fifty day simple moving average is $286.45 and its two-hundred day simple moving average is $295.75. 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 issued its quarterly earnings results 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). The firm 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%. The business's revenue was up .5% compared to the same quarter last year. During the same period last year, the company posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Reliance's dividend payout ratio is 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.

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