Robeco Institutional Asset Management B.V. Grows Position in Reliance, Inc. (NYSE:RS)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 59.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,134 shares of the industrial products company's stock after buying an additional 2,652 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Reliance were worth $2,060,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC boosted its position in shares of Reliance by 224.6% in 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. Transce3nd LLC bought a new position in shares of Reliance in the fourth quarter worth approximately $58,000. Quarry LP boosted its position in shares of Reliance by 83.7% in the fourth quarter. Quarry LP now owns 259 shares of the industrial products company's stock worth $70,000 after purchasing an additional 118 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Reliance by 1,216.0% in the fourth quarter. Jones Financial Companies Lllp now owns 329 shares of the industrial products company's stock worth $89,000 after purchasing an additional 304 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Reliance by 49.0% in the fourth 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 period. 79.26% of the stock is currently owned by institutional investors.

Reliance Price Performance

Shares of RS traded up $1.50 during mid-day trading on Friday, reaching $326.94. The stock had a trading volume of 159,208 shares, compared to its average volume of 388,441. The firm has a market cap of $17.19 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.47 and a beta of 0.89. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $328.27. The business has a fifty day moving average of $304.04 and a 200 day moving average of $289.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.58 and a current ratio of 3.17.

Reliance (NYSE:RS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $0.11. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.44 billion. Reliance had a net margin of 5.65% and a return on equity of 10.77%. The company's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.30 earnings per share. Equities analysts predict that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Friday, May 23rd. Reliance's dividend payout ratio (DPR) is presently 34.41%.

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.