Reliance, Inc. $RS Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd has reduced its stake in Reliance, Inc. by 38.2%, owning 2,861 shares valued at approximately $826,000 after selling 1,770 shares during the 1st quarter.
• Reliance, Inc. reported earnings per share of $4.43 for the recent quarter, missing analysts' expectations, while its revenue was $3.66 billion.
• The company announced a quarterly dividend of $1.20 per share, reflecting an annualized dividend of $4.80 and a yield of 1.7%.

Gulf International Bank UK Ltd reduced its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 38.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,861 shares of the industrial products company's stock after selling 1,770 shares during the period. Gulf International Bank UK Ltd's holdings in Reliance were worth $826,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cordatus Wealth Management LLC raised its holdings in shares of Reliance by 3.7% in the 1st quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company's stock valued at $281,000 after purchasing an additional 35 shares in the last quarter. Hemington Wealth Management increased its holdings in Reliance by 18.0% in the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company's stock valued at $66,000 after buying an additional 35 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Reliance by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company's stock valued at $3,200,000 after buying an additional 38 shares in the last quarter. Townsquare Capital LLC lifted its holdings in Reliance by 3.1% during the 4th quarter. Townsquare Capital LLC now owns 1,342 shares of the industrial products company's stock worth $361,000 after buying an additional 40 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Reliance by 11.1% during the 1st quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company's stock worth $116,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Reliance Stock Performance

RS traded up $8.89 during trading on Friday, hitting $294.74. The stock had a trading volume of 97,697 shares, compared to its average volume of 405,474. The firm has a market capitalization of $15.50 billion, a P/E ratio of 21.51, a PEG ratio of 1.36 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43. The company's 50-day moving average price is $308.31 and its 200 day moving average price is $296.26.

Reliance (NYSE:RS - Get Free Report) last released its earnings results 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 firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.66 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%.The firm's revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, equities research analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given 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 1.6%. Reliance's payout ratio is presently 35.04%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Reliance to a "hold" rating in a research report on Thursday, August 14th. Zacks Research downgraded shares of Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Reliance has an average rating of "Hold" and a consensus price target 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.