New York State Teachers Retirement System Has $16.74 Million Stock Holdings in Reliance, Inc. (NYSE:RS)

New York State Teachers Retirement System boosted its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,968 shares of the industrial products company's stock after buying an additional 1,015 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Reliance worth $16,738,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Reliance in the 4th quarter valued at about $186,255,000. American Century Companies Inc. increased its position in Reliance by 1,127.9% during the 4th quarter. American Century Companies Inc. now owns 426,986 shares of the industrial products company's stock valued at $114,971,000 after purchasing an additional 392,213 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Reliance by 9.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,709,737 shares of the industrial products company's stock worth $998,886,000 after purchasing an additional 319,576 shares during the period. GAMMA Investing LLC boosted its stake in shares of Reliance by 33,792.2% in the 1st quarter. GAMMA Investing LLC now owns 278,933 shares of the industrial products company's stock valued at $80,542,000 after purchasing an additional 278,110 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Reliance by 15.5% during the fourth quarter. First Trust Advisors LP now owns 1,382,916 shares of the industrial products company's stock worth $372,364,000 after buying an additional 185,873 shares during the period. Institutional investors own 79.26% of the company's stock.

Reliance Trading Up 0.5%

NYSE RS traded up $1.50 during mid-day trading on Friday, reaching $326.94. 159,208 shares of the stock were exchanged, compared to its average volume of 389,458. The stock has a market cap of $17.19 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.47 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.17 and a quick ratio of 1.58. Reliance, Inc. has a one year low of $250.07 and a one year high of $328.27. The stock has a 50 day simple moving average of $304.04 and a 200-day simple moving average of $289.68.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.11. Reliance had a return on equity of 10.77% and a net margin of 5.65%. The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the company posted $5.30 EPS. The business's quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, May 23rd. Reliance's payout ratio is 34.41%.

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.