Reliance, Inc. $RS Shares Sold by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in Reliance, Inc. by 49.6%, now holding 102,996 shares valued at approximately $29.74 million.
• Reliance, Inc. reported a quarterly EPS of $4.43, missing estimates by $0.29, while revenue matched expectations at $3.66 billion.
• The company announced a quarterly dividend of $1.20, leading to an annualized dividend of $4.80 and a yield of 1.6%.

Caisse DE Depot ET Placement DU Quebec cut its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 49.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,996 shares of the industrial products company's stock after selling 101,550 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.20% of Reliance worth $29,740,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Oliver Luxxe Assets LLC raised its position in Reliance by 4.8% in the first quarter. Oliver Luxxe Assets LLC now owns 21,144 shares of the industrial products company's stock worth $6,105,000 after acquiring an additional 970 shares in the last quarter. Jump Financial LLC purchased a new position in Reliance in the first quarter worth $200,000. Northwestern Mutual Wealth Management Co. raised its position in Reliance by 50.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,853 shares of the industrial products company's stock worth $824,000 after acquiring an additional 961 shares in the last quarter. AlphaQuest LLC purchased a new position in Reliance in the first quarter worth $80,000. Finally, Summit Financial LLC raised its position in Reliance by 58.7% in the first quarter. Summit Financial LLC now owns 1,333 shares of the industrial products company's stock worth $385,000 after acquiring an additional 493 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Reliance Price Performance

Reliance stock traded up $1.31 during midday trading on Friday, reaching $295.63. 359,909 shares of the company were exchanged, compared to its average volume of 323,263. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.41 and a beta of 0.89. The firm's 50-day simple moving average is $306.72 and its 200-day simple moving average is $296.68. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43. 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 (NYSE:RS - Get Free Report) last issued 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the business posted $4.65 earnings per share. The firm's quarterly revenue was up .5% on a year-over-year basis. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms 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 upgraded Reliance to a "hold" rating in a research report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Reliance currently has a consensus rating of "Hold" and an average price target of $323.50.

Reliance Company 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.