11,220 Shares in Reliance, Inc. $RS Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired 11,220 shares of Reliance, Inc. for approximately $3.24 million during the 1st quarter, highlighting growing interest in the company.
• Reliance reported an earnings per share (EPS) of $4.43 for the last quarter, missing the consensus estimate, with revenue remaining flat year-over-year at $3.66 billion.
• The company announced a quarterly dividend of $1.20, with a dividend yield of 1.7% and a dividend payout ratio of 35.04%.

Trexquant Investment LP bought a new position in shares of Reliance, Inc. (NYSE:RS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,220 shares of the industrial products company's stock, valued at approximately $3,240,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TCTC Holdings LLC raised its position in shares of Reliance by 138.9% in the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock valued at $25,000 after buying an additional 50 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Reliance in the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new position in shares of Reliance in the first quarter valued at approximately $30,000. Transamerica Financial Advisors LLC raised its position in shares of Reliance by 595.5% in the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company's stock valued at $45,000 after buying an additional 131 shares during the last quarter. Finally, Hemington Wealth Management grew its holdings in Reliance by 18.0% in the first quarter. Hemington Wealth Management now owns 229 shares of the industrial products company's stock valued at $66,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Stock Down 0.2%

RS traded down $0.51 during trading on Monday, hitting $298.48. The company had a trading volume of 15,932 shares, compared to its average volume of 397,471. The company has a market cap of $15.70 billion, a PE ratio of 21.79, a P/E/G ratio of 1.42 and a beta of 0.89. The business has a 50-day moving average of $304.91 and a 200-day moving average of $296.56. 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, Inc. has a 1-year low of $250.07 and a 1-year high of $347.43.

Reliance (NYSE:RS - Get Free Report) last posted 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 company had revenue of $3.66 billion during 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 company's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Reliance's dividend payout ratio is 35.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RS shares. Zacks Research downgraded shares of Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Wells Fargo & Company upgraded shares of Reliance to a "hold" rating in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.