Russell Investments Group Ltd. Grows Stake in Reliance, Inc. $RS

Key Points

• Russell Investments Group Ltd. has increased its stake in Reliance, Inc. by 71.1%, now owning approximately 0.23% of the company, worth about $35.4 million.
• Reliance reported a quarterly earnings per share of $4.43, missing analysts' expectations of $4.72, with revenue slightly up 0.5% year-over-year.
• The company announced a quarterly dividend of $1.20 per share, reflecting a dividend yield of 1.7% and a payout ratio of 35.04%.

Russell Investments Group Ltd. boosted its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 71.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,628 shares of the industrial products company's stock after purchasing an additional 50,965 shares during the period. Russell Investments Group Ltd. owned 0.23% of Reliance worth $35,394,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in RS. Cordatus Wealth Management LLC grew its holdings in Reliance by 3.7% during the first quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company's stock worth $281,000 after purchasing an additional 35 shares during the period. Hemington Wealth Management raised its stake in Reliance by 18.0% in the 1st 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. Oregon Public Employees Retirement Fund lifted its holdings in Reliance by 0.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company's stock valued at $3,200,000 after purchasing an additional 38 shares during the last quarter. Townsquare Capital LLC raised its position in shares of Reliance by 3.1% in the fourth quarter. Townsquare Capital LLC now owns 1,342 shares of the industrial products company's stock valued at $361,000 after purchasing an additional 40 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Reliance by 11.1% during the 1st quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company's stock worth $116,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 79.26% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RS. Zacks Research downgraded Reliance from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wells Fargo & Company raised shares of 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $323.50.

Reliance Price Performance

NYSE:RS traded up $2.8550 during trading hours on Tuesday, hitting $286.1850. The company's stock had a trading volume of 38,229 shares, compared to its average volume of 405,818. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43. 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 company has a market capitalization of $15.05 billion, a P/E ratio of 20.88, a PEG ratio of 1.36 and a beta of 0.89. The stock has a fifty day simple moving average of $309.71 and a 200-day simple moving average of $296.41.

Reliance (NYSE:RS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%.The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.65 EPS. 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 fiscal year.

Reliance Dividend Announcement

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

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.