Candriam S.C.A. Sells 2,171 Shares of Reliance, Inc. $RS

Key Points

• Candriam S.C.A. reduced its stake in Reliance, Inc. by 53.6%, now owning 1,876 shares valued at $542,000.
• Reliance has announced a quarterly dividend of $1.20 per share, translating to an annual yield of 1.6%.
• Analysts hold an average rating of "Hold" for Reliance's stock, with an average target price of $323.50.

Candriam S.C.A. lessened its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 53.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,876 shares of the industrial products company's stock after selling 2,171 shares during the quarter. Candriam S.C.A.'s holdings in Reliance were worth $542,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in Reliance by 142.6% during the 4th quarter. NewEdge Advisors LLC now owns 1,548 shares of the industrial products company's stock worth $417,000 after acquiring an additional 910 shares during the period. TD Waterhouse Canada Inc. boosted its position in shares of Reliance by 49.0% in the 4th quarter. TD Waterhouse Canada Inc. now owns 368 shares of the industrial products company's stock worth $99,000 after purchasing an additional 121 shares during the last quarter. Coppell Advisory Solutions LLC grew its stake in shares of Reliance by 224.6% during the fourth quarter. Coppell Advisory Solutions LLC now owns 185 shares of the industrial products company's stock worth $49,000 after purchasing an additional 128 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in Reliance by 9.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 6,866 shares of the industrial products company's stock valued at $1,849,000 after purchasing an additional 608 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Reliance by 6.2% in the fourth quarter. Coldstream Capital Management Inc. now owns 8,946 shares of the industrial products company's stock valued at $2,409,000 after buying an additional 523 shares during the period. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Stock Performance

RS traded up $1.66 during trading on Friday, hitting $295.98. The stock had a trading volume of 178,274 shares, compared to its average volume of 402,807. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51. The firm has a market cap of $15.57 billion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.41 and a beta of 0.89. The company has a 50 day moving average price of $306.94 and a 200-day moving average price of $296.58. Reliance, Inc. has a one year low of $250.07 and a one year high of $347.43.

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). The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%.The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, research analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be 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 is Friday, August 15th. Reliance's payout ratio is 35.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upgraded Reliance to a "hold" rating in a research report on Thursday, August 14th. Zacks Research cut shares of Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Reliance presently has a consensus rating of "Hold" and an average target price of $323.50.

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.