New York State Teachers Retirement System Buys 1,015 Shares of Reliance, Inc. (NYSE:RS)

New York State Teachers Retirement System raised its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,968 shares of the industrial products company's stock after acquiring an additional 1,015 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Reliance worth $16,738,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RS. Coppell Advisory Solutions LLC lifted its stake in shares of Reliance by 224.6% in 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 period. Transce3nd LLC bought a new stake in Reliance in the fourth quarter valued at about $58,000. Quarry LP lifted its stake in Reliance by 83.7% in the fourth quarter. Quarry LP now owns 259 shares of the industrial products company's stock valued at $70,000 after buying an additional 118 shares during the period. Jones Financial Companies Lllp lifted its stake in Reliance by 1,216.0% in the fourth quarter. Jones Financial Companies Lllp now owns 329 shares of the industrial products company's stock valued at $89,000 after buying an additional 304 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in Reliance by 49.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 368 shares of the industrial products company's stock worth $99,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Trading Up 0.5%

Shares of Reliance stock traded up $1.50 during trading on Friday, hitting $326.94. 159,208 shares of the company were exchanged, compared to its average volume of 388,441. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.17 and a quick ratio of 1.58. The firm has a market capitalization of $17.19 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89. The firm's fifty day moving average price is $304.04 and its 200 day moving average price is $289.83. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $328.27.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $0.11. Reliance had a net margin of 5.65% and a return on equity of 10.77%. The firm had revenue of $3.48 billion during the quarter, compared to analysts' expectations of $3.44 billion. During the same quarter in the previous year, the company earned $5.30 earnings per share. The business's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, May 23rd. Reliance's dividend payout ratio is currently 34.41%.

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.