Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Reliance, Inc. (NYSE:RS)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Reliance, Inc. (NYSE:RS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 41,164 shares of the industrial products company's stock, valued at approximately $11,084,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Reliance at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Coppell Advisory Solutions LLC increased its holdings in Reliance by 224.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 185 shares of the industrial products company's stock valued at $49,000 after buying an additional 128 shares in the last quarter. Transce3nd LLC purchased a new position in Reliance in the 4th quarter valued at approximately $58,000. Quarry LP raised its holdings in Reliance by 83.7% during the fourth quarter. Quarry LP now owns 259 shares of the industrial products company's stock worth $70,000 after purchasing an additional 118 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Reliance by 1,216.0% during the fourth quarter. Jones Financial Companies Lllp now owns 329 shares of the industrial products company's stock worth $89,000 after purchasing an additional 304 shares during the last quarter. Finally, Providence First Trust Co purchased a new stake in Reliance during the fourth quarter worth $90,000. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Reliance Price Performance

NYSE:RS traded up $4.03 during trading hours on Wednesday, reaching $312.25. 241,410 shares of the company traded hands, compared to its average volume of 395,370. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.21 and a quick ratio of 1.58. The firm's 50-day moving average is $288.13 and its 200-day moving average is $289.17. The stock has a market cap of $16.42 billion, a P/E ratio of 20.22 and a beta of 0.91. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $326.87.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The industrial products company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $0.11. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.44 billion. Reliance had a return on equity of 11.87% and a net margin of 6.33%. The business's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $5.30 earnings per share. Equities research analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.54%. Reliance's dividend payout ratio (DPR) is presently 34.41%.

Wall Street Analysts Forecast Growth

Separately, KeyCorp raised their price target on Reliance from $321.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Reliance has a consensus rating of "Hold" and a consensus target price of $319.00.

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.