Shell Asset Management Co. Grows Position in Reliance, Inc. $RS

Key Points

• Shell Asset Management Co. increased its holdings in Reliance, Inc. by 38.0% in the second quarter, owning 14,462 shares valued at $4,540,000.
• Reliance reported $4.43 EPS for the last quarter, missing analysts' estimates and setting a Q3 2025 EPS guidance of 3.600-3.800.
• The company announced a quarterly dividend of $1.20 per share, resulting in an annualized yield of 1.7% and a payout ratio of 35.04%.

Shell Asset Management Co. grew its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 38.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,462 shares of the industrial products company's stock after purchasing an additional 3,981 shares during the quarter. Shell Asset Management Co.'s holdings in Reliance were worth $4,540,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Boston Partners lifted its position in shares of Reliance by 42.7% during the first quarter. Boston Partners now owns 1,021,900 shares of the industrial products company's stock worth $295,052,000 after acquiring an additional 305,620 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Reliance by 1.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 641,052 shares of the industrial products company's stock valued at $185,104,000 after purchasing an additional 7,474 shares during the period. American Century Companies Inc. lifted its holdings in Reliance by 37.9% during the 1st 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 in the last quarter. Nuveen LLC bought a new position in Reliance in the 1st quarter worth about $144,089,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Reliance by 11.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company's stock valued at $133,196,000 after buying an additional 46,377 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RS. Weiss Ratings reissued a "hold (c+)" rating on shares of Reliance in a report on Saturday, September 27th. Zacks Research downgraded shares of Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. started coverage on shares of Reliance in a research report on Tuesday, September 9th. They set an "overweight" rating and a $350.00 price target for the company. Finally, Wells Fargo & Company upgraded Reliance to a "hold" rating in a research report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $328.80.

Reliance Stock Performance

Reliance stock opened at $280.85 on Wednesday. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week 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. The stock has a market cap of $14.77 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.34 and a beta of 0.87. The firm's fifty day moving average price is $288.47 and its 200-day moving average price is $296.53.

Reliance (NYSE:RS - Get Free Report) last released its 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). The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm's 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. On average, equities research analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. Reliance's payout ratio is presently 35.04%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.