Reliance, Inc. $RS Shares Sold by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Reliance, Inc. by 5.7%, selling 1,200 shares during the second quarter, leaving it with 19,700 shares valued at $6.18 million.
• Reliance recently announced a quarterly dividend of $1.20 per share, resulting in an annualized dividend of $4.80 and a yield of 1.7%.
• Despite a revenue of $3.66 billion for the quarter, Reliance missed earnings estimates, reporting $4.43 EPS against a consensus of $4.72.

Mn Services Vermogensbeheer B.V. reduced its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,700 shares of the industrial products company's stock after selling 1,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Reliance were worth $6,184,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth raised its position in shares of Reliance by 387.5% during the 1st quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company's stock worth $2,138,000 after purchasing an additional 5,886 shares during the last quarter. Plato Investment Management Ltd raised its position in shares of Reliance by 478.2% during the 1st quarter. Plato Investment Management Ltd now owns 5,262 shares of the industrial products company's stock worth $1,536,000 after purchasing an additional 4,352 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Reliance by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company's stock worth $133,196,000 after purchasing an additional 46,377 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Reliance by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company's stock worth $279,000 after purchasing an additional 143 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Reliance by 567.7% in the 1st quarter. SG Americas Securities LLC now owns 5,629 shares of the industrial products company's stock valued at $1,625,000 after acquiring an additional 4,786 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RS. Wells Fargo & Company upgraded Reliance to a "hold" rating in a report on Thursday, August 14th. Zacks Research downgraded Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. began coverage on Reliance in a report on Tuesday, September 9th. They issued an "overweight" rating and a $350.00 price target for the company. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $328.80.

Reliance Stock Down 1.4%

NYSE:RS traded down $3.98 on Tuesday, reaching $281.35. The stock had a trading volume of 113,801 shares, compared to its average volume of 393,786. 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 company has a 50-day moving average of $297.31 and a 200 day moving average of $296.52. The stock has a market cap of $14.80 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.37 and a beta of 0.89. 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 posted its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.29). The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, research analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $1.20 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Reliance's dividend payout ratio (DPR) is presently 35.04%.

Reliance Company 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.