Reliance, Inc. $RS Shares Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in Reliance, Inc. by 378.9% in Q2, holding 34,167 shares valued at approximately $10.7 million.
• Reliance's stock has experienced a slight decline of 0.7% with its current market price at $283.48, and the company has a P/E ratio of 20.69.
• The firm declared a quarterly dividend of $1.20 per share, yielding 1.7%, while its payout ratio stands at 35.04%.

Robeco Institutional Asset Management B.V. lifted its stake in Reliance, Inc. (NYSE:RS - Free Report) by 378.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,167 shares of the industrial products company's stock after purchasing an additional 27,033 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.06% of Reliance worth $10,725,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RS. TCTC Holdings LLC boosted its stake in shares of Reliance by 138.9% in the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock valued at $25,000 after buying an additional 50 shares during the period. N.E.W. Advisory Services LLC purchased a new position in Reliance in the first quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new position in Reliance during the 1st quarter worth approximately $30,000. Transamerica Financial Advisors LLC increased its position in shares of Reliance by 595.5% in the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 131 shares during the last quarter. Finally, Hemington Wealth Management raised its holdings in shares of Reliance by 18.0% in the 1st quarter. Hemington Wealth Management now owns 229 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Reliance Stock Down 0.7%

Reliance stock opened at $283.48 on Monday. The company has a market capitalization of $14.91 billion, a P/E ratio of 20.69, a PEG ratio of 1.35 and a beta of 0.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The stock has a 50-day simple moving average of $289.24 and a 200-day simple moving average of $296.61.

Reliance (NYSE:RS - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $3.66 billion. During the same quarter in the prior year, the business earned $4.65 EPS. The company's quarterly revenue was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Equities research analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $1.20 per share. The ex-dividend date was Friday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Reliance's dividend payout ratio is currently 35.04%.

Wall Street Analyst Weigh In

RS has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of Reliance to a "hold" rating in a research note 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Reliance in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. started coverage on Reliance in a report on Tuesday, September 9th. They issued an "overweight" rating and a $350.00 price target for the company. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $328.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.