Reliance, Inc. $RS Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Reliance, Inc. by 11.2%, now owning approximately 0.88% of the company, worth $133.2 million.
• The company's stock traded at $290.61, with a 52-week range of $250.07 to $347.43, and a market cap of $15.28 billion.
• Reliance recently declared a quarterly dividend of $1.20 per share, resulting in an annualized yield of 1.7% and a payout ratio of 35.04%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,285 shares of the industrial products company's stock after purchasing an additional 46,377 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.88% of Reliance worth $133,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC boosted its holdings in shares of 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 acquiring an additional 50 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Reliance during the first quarter valued at $29,000. Wayfinding Financial LLC acquired a new position in shares of Reliance during the first quarter valued at $30,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Reliance by 595.5% during the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 131 shares during the period. Finally, Hemington Wealth Management boosted its holdings in shares of Reliance by 18.0% during the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company's stock valued at $66,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Price Performance

Shares of NYSE RS opened at $290.61 on Friday. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The firm's 50-day simple moving average is $302.06 and its 200 day simple moving average is $296.43. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14. The stock has a market cap of $15.28 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.41 and a beta of 0.89.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing analysts' consensus estimates of $4.72 by ($0.29). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the firm earned $4.65 earnings per share. Reliance's revenue for the quarter was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Equities analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Reliance in a report on Tuesday. They set an "overweight" rating and a $350.00 price target for the company. Wells Fargo & Company raised shares of Reliance to a "hold" rating in a report on Thursday, August 14th. Finally, Zacks Research downgraded shares of Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Reliance currently has an average rating of "Hold" and a consensus target price of $328.80.

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.

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