Reliance, Inc. $RS Shares Sold by National Pension Service

Key Points

• The National Pension Service reduced its stake in Reliance, Inc. by 97.5% during the 1st quarter, holding only 2,174 shares worth approximately $628,000.
• Reliance reported a quarterly EPS of $4.43, missing the consensus estimate of $4.72, despite a revenue of $3.66 billion.
• The company declared a quarterly dividend of $1.20 per share, with an annual yield of 1.7%, payable on August 29th.

National Pension Service lowered its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 97.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,174 shares of the industrial products company's stock after selling 84,926 shares during the quarter. National Pension Service's holdings in Reliance were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of RS. TCTC Holdings LLC lifted its position in 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 purchasing an additional 50 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Reliance during the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Reliance during the 1st quarter valued at approximately $30,000. Coppell Advisory Solutions LLC increased its position in shares of Reliance by 224.6% during the 4th quarter. Coppell Advisory Solutions LLC now owns 185 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 128 shares during the last quarter. Finally, Transce3nd LLC bought a new position in shares of Reliance during the 4th quarter valued at approximately $58,000. Institutional investors own 79.26% of the company's stock.

Reliance Stock Up 3.1%

NYSE RS traded up $8.8950 on Friday, reaching $294.7450. 97,697 shares of the stock traded hands, compared to its average volume of 405,474. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. The company has a fifty day moving average price of $308.31 and a 200-day moving average price of $296.26. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 1.36 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 issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%.The business's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, research analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Reliance's payout ratio is presently 35.04%.

Analysts Set New Price Targets

Several equities 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 note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Reliance currently 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.