IFM Investors Pty Ltd Purchases 2,217 Shares of Reliance, Inc. (NYSE:RS)

IFM Investors Pty Ltd raised its position in shares of Reliance, Inc. (NYSE:RS - Free Report) by 14.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,021 shares of the industrial products company's stock after purchasing an additional 2,217 shares during the quarter. IFM Investors Pty Ltd's holdings in Reliance were worth $5,212,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC increased its stake in shares of Reliance by 224.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 185 shares of the industrial products company's stock worth $49,000 after acquiring an additional 128 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Reliance in the fourth quarter worth $58,000. Quarry LP increased its stake in shares of Reliance by 83.7% in the fourth quarter. Quarry LP now owns 259 shares of the industrial products company's stock worth $70,000 after acquiring an additional 118 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Reliance by 1,216.0% in the fourth quarter. Jones Financial Companies Lllp now owns 329 shares of the industrial products company's stock worth $89,000 after acquiring an additional 304 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Reliance by 49.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 368 shares of the industrial products company's stock worth $99,000 after acquiring an additional 121 shares during the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Reliance Stock Down 1.0%

Shares of NYSE RS traded down $3.22 during mid-day trading on Monday, reaching $323.74. The company had a trading volume of 279,961 shares, compared to its average volume of 388,007. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $328.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.58 and a current ratio of 3.17. The stock has a market capitalization of $17.03 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89. The stock's 50 day moving average is $304.04 and its 200-day moving average is $290.01.

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

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.48%. 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.