APG Asset Management N.V. Has $1.60 Million Stake in Reliance, Inc. $RS

Key Points

• APG Asset Management N.V. reduced its holdings in Reliance, Inc. (NYSE:RS) by 30% during the first quarter, now owning 5,986 shares valued at approximately $1.6 million.
• Reliance recently reported $4.43 earnings per share, missing the analysts' estimates of $4.72, with a revenue of $3.66 billion for the quarter.
• The company declared a quarterly dividend of $1.20 per share, translating to an annualized dividend of $4.80 and a dividend yield of 1.6%.

APG Asset Management N.V. decreased its position in Reliance, Inc. (NYSE:RS - Free Report) by 30.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,986 shares of the industrial products company's stock after selling 2,571 shares during the quarter. APG Asset Management N.V.'s holdings in Reliance were worth $1,600,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RS. Nuveen LLC bought a new stake in shares of Reliance in the 1st quarter valued at approximately $144,089,000. Boston Partners grew its stake in shares of Reliance by 42.7% in the 1st quarter. Boston Partners now owns 1,021,900 shares of the industrial products company's stock valued at $295,052,000 after buying an additional 305,620 shares in the last quarter. GAMMA Investing LLC grew 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 buying an additional 278,110 shares in the last quarter. American Century Companies Inc. boosted its position in Reliance by 37.9% during the first quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company's stock worth $170,039,000 after purchasing an additional 161,892 shares during the period. Finally, Northern Trust Corp boosted its position in Reliance by 32.7% during the fourth quarter. Northern Trust Corp now owns 597,348 shares of the industrial products company's stock worth $160,842,000 after purchasing an additional 147,076 shares during the period. Institutional investors own 79.26% of the company's stock.

Reliance Stock Performance

Shares of RS stock traded up $1.31 during trading hours on Friday, reaching $295.63. 359,909 shares of the company's stock were exchanged, compared to its average volume of 323,263. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The stock has a market capitalization of $15.55 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.41 and a beta of 0.89. The business has a fifty day moving average price of $306.72 and a 200-day moving average price of $296.68. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the firm earned $4.65 earnings per share. The firm'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. Analysts predict that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 15th. Reliance's dividend payout ratio is presently 35.04%.

Analysts Set New Price Targets

A number of brokerages have issued reports on RS. Zacks Research cut Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Wells Fargo & Company raised Reliance to a "hold" rating in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $323.50.

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.