Reliance, Inc. $RS Shares Sold by SRB Corp

Key Points

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SRB Corp lessened its holdings in Reliance, Inc. (NYSE:RS - Free Report) by 58.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 98,231 shares of the industrial products company's stock after selling 136,844 shares during the period. Reliance comprises 1.9% of SRB Corp's holdings, making the stock its 19th biggest position. SRB Corp owned 0.19% of Reliance worth $28,364,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RS. Merewether Investment Management LP purchased a new stake in Reliance during the fourth quarter valued at approximately $9,963,000. GAMMA Investing LLC lifted its position in Reliance by 17.4% during the first quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company's stock valued at $279,000 after acquiring an additional 143 shares during the last quarter. NDVR Inc. lifted its position in Reliance by 5.8% during the fourth quarter. NDVR Inc. now owns 882 shares of the industrial products company's stock valued at $237,000 after acquiring an additional 48 shares during the last quarter. SG Americas Securities LLC lifted its position in Reliance by 567.7% during the first quarter. SG Americas Securities LLC now owns 5,629 shares of the industrial products company's stock valued at $1,625,000 after acquiring an additional 4,786 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Reliance by 3.5% during the fourth quarter. BNP Paribas Financial Markets now owns 23,469 shares of the industrial products company's stock valued at $6,319,000 after acquiring an additional 787 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company's stock.

Wall Street Analyst Weigh In

RS has been the subject of a number of research analyst reports. Zacks Research cut shares of Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Wells Fargo & Company raised shares of Reliance to a "hold" rating in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $323.50.

Reliance Stock Performance

RS stock traded up $8.22 during midday trading on Friday, hitting $294.07. 305,705 shares of the stock traded hands, compared to its average volume of 406,899. The firm has a market cap of $15.47 billion, a P/E ratio of 21.46, a PEG ratio of 1.36 and a beta of 0.89. 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 stock's fifty day simple moving average is $308.31 and its 200-day simple moving average is $296.26. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $347.43.

Reliance (NYSE:RS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 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 analyst estimates of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. On average, analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $1.20 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.6%. Reliance's dividend payout ratio (DPR) is 35.04%.

Reliance 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.