SRB Corp Decreases Stock Holdings in Reliance, Inc. $RS

Key Points

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SRB Corp cut its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 58.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,231 shares of the industrial products company's stock after selling 136,844 shares during the period. Reliance makes up about 1.9% of SRB Corp's portfolio, making the stock its 19th largest holding. SRB Corp owned 0.19% of Reliance worth $28,364,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RS. Townsquare Capital LLC grew its position in shares of Reliance by 3.1% during the 4th quarter. Townsquare Capital LLC now owns 1,342 shares of the industrial products company's stock valued at $361,000 after acquiring an additional 40 shares during the period. Mariner LLC grew its position in shares of Reliance by 3.0% during the 4th quarter. Mariner LLC now owns 5,365 shares of the industrial products company's stock valued at $1,445,000 after acquiring an additional 158 shares during the period. NewEdge Advisors LLC grew its position in shares of Reliance by 142.6% during the 4th quarter. NewEdge Advisors LLC now owns 1,548 shares of the industrial products company's stock valued at $417,000 after acquiring an additional 910 shares during the period. Forum Financial Management LP grew its position in shares of Reliance by 2.8% during the 4th quarter. Forum Financial Management LP now owns 1,619 shares of the industrial products company's stock valued at $436,000 after acquiring an additional 44 shares during the period. Finally, MetLife Investment Management LLC grew its position in shares of Reliance by 7.1% during the 4th quarter. MetLife Investment Management LLC now owns 30,504 shares of the industrial products company's stock valued at $8,214,000 after acquiring an additional 2,031 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Price Performance

Reliance stock traded up $8.22 during midday trading on Friday, reaching $294.07. The company had a trading volume of 305,705 shares, compared to its average volume of 377,234. The company has a market capitalization of $15.47 billion, a P/E ratio of 21.46, a P/E/G ratio of 1.40 and a beta of 0.89. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43. The firm's fifty day simple moving average is $307.99 and its 200-day simple moving average is $296.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51.

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 for the quarter, missing analysts' consensus estimates of $4.72 by ($0.29). The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, equities analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 15th. Reliance's dividend payout ratio (DPR) is 35.04%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RS. Zacks Research cut Reliance from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Wells Fargo & Company raised shares of Reliance to a "hold" rating in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $323.50.

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.