Liontrust Investment Partners LLP Boosts Holdings in Reliance, Inc. $RS

Key Points

• Liontrust Investment Partners LLP acquired an additional 8,077 shares of Reliance, Inc., increasing its holdings by 16.0% to a total of 58,587 shares, valued at approximately $16.9 million.
• Analysts from Wells Fargo & Company have issued an "equal weight" rating on Reliance shares with a target price of $296.00, while the consensus rating remains at "Hold" with a price target of $323.50.
• Reliance recently reported earnings of $4.43 per share, missing expectations by $0.29, and announced a quarterly dividend of $1.20 per share scheduled for payment on August 29th.

Liontrust Investment Partners LLP grew its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 16.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,587 shares of the industrial products company's stock after buying an additional 8,077 shares during the period. Liontrust Investment Partners LLP owned approximately 0.11% of Reliance worth $16,917,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in RS. TCTC Holdings LLC increased its position in shares of Reliance by 138.9% during the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 50 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Reliance in the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in Reliance during the first quarter valued at $30,000. Coppell Advisory Solutions LLC increased its position in shares of Reliance by 224.6% in the fourth 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 during the last quarter. Finally, Transce3nd LLC bought a new position in shares of Reliance in the 4th quarter worth $58,000. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Price Performance

NYSE:RS traded up $4.0450 during trading hours on Tuesday, reaching $287.3750. The stock had a trading volume of 305,967 shares, compared to its average volume of 406,839. The company has a 50 day moving average price of $309.71 and a two-hundred day moving average price of $296.41. 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 52 week low of $250.07 and a 52 week high of $347.43. The stock has a market capitalization of $15.11 billion, a PE ratio of 20.98, a PEG ratio of 1.36 and a beta of 0.89.

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 analysts' consensus estimates of $4.72 by ($0.29). The business 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 company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, sell-side analysts anticipate that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The company also recently announced 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 dividend yield of 1.7%. Reliance's payout ratio is 35.04%.

Wall Street Analyst Weigh In

RS has been the topic of a number of research reports. Zacks Research cut Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Wells Fargo & Company raised Reliance to a "hold" rating in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $323.50.

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.