Mutual of America Capital Management LLC Sells 1,702 Shares of Reliance, Inc. $RS

Key Points

• Mutual of America Capital Management LLC reduced its stake in Reliance, Inc. by 6.1%, selling 1,702 shares, resulting in holdings worth $8,209,000 according to its latest SEC filing.
• Reliance, Inc. reported earnings of $4.43 per share for the last quarter, missing analysts' estimates of $4.72, while its revenue was in line with expectations at $3.66 billion.
• Despite recent changes by various institutional investors, 79.26% of Reliance's stock is still owned by these entities, indicating strong institutional interest in the company.

Mutual of America Capital Management LLC trimmed its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,152 shares of the industrial products company's stock after selling 1,702 shares during the quarter. Mutual of America Capital Management LLC's holdings in Reliance were worth $8,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RS. Nuveen LLC bought a new stake in shares of Reliance during the 1st quarter valued at $144,089,000. Boston Partners raised its stake 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 valued at $295,052,000 after purchasing an additional 305,620 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Reliance during the 2nd quarter valued at $72,373,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Reliance during the 1st quarter valued at $55,004,000. Finally, American Century Companies Inc. raised its stake 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 valued at $170,039,000 after purchasing an additional 161,892 shares during the period. 79.26% of the stock is currently owned by institutional investors.

Reliance Trading Up 2.5%

Shares of RS stock opened at $278.41 on Tuesday. The business has a 50-day moving average price of $286.36 and a two-hundred day moving average price of $295.85. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43. 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 firm has a market cap of $14.64 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87.

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). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.66 billion. During the same quarter in the previous year, the company posted $4.65 earnings per share. Reliance's revenue for the quarter was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Equities analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on RS. JPMorgan Chase & Co. decreased their price objective on Reliance from $350.00 to $345.00 and set an "overweight" rating on the stock in a research note on Monday, October 13th. Wells Fargo & Company upgraded Reliance to a "hold" rating in a research report on Thursday, August 14th. Zacks Research cut Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Reliance in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $327.80.

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.

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