Universal Beteiligungs und Servicegesellschaft mbH Sells 6,441 Shares of Reliance, Inc. (NYSE:RS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sold 6,441 shares of Reliance, Inc., reducing its holdings by 15.6%, and now owns approximately 34,723 shares valued at $10,026,000.
• Reliance reported earnings per share of $4.43, missing expectations of $4.72, but its quarterly revenue was stable at $3.66 billion compared to the previous year.
• The company declared a quarterly dividend of $1.20 per share, representing an annualized dividend of $4.80, with a yield of 1.57% based on its payout ratio of 35.04%.

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of Reliance, Inc. (NYSE:RS - Free Report) by 15.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,723 shares of the industrial products company's stock after selling 6,441 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Reliance worth $10,026,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its holdings in Reliance by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,083 shares of the industrial products company's stock valued at $3,200,000 after acquiring an additional 38 shares during the last quarter. Townsquare Capital LLC increased its position in 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 purchasing an additional 40 shares during the period. Farther Finance Advisors LLC increased its position in Reliance by 11.1% during the 1st quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company's stock valued at $116,000 after purchasing an additional 40 shares during the period. Forum Financial Management LP increased its position in 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 purchasing an additional 44 shares during the period. Finally, Xponance Inc. increased its position in Reliance by 0.5% during the 1st quarter. Xponance Inc. now owns 9,245 shares of the industrial products company's stock valued at $2,669,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 79.26% of the company's stock.

Reliance Trading Down 0.9%

NYSE:RS traded down $2.69 on Tuesday, reaching $297.41. 117,176 shares of the stock traded hands, compared to its average volume of 411,660. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The company's 50 day moving average is $313.44 and its 200-day moving average is $296.36. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14. 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 data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share 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 the consensus estimate of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The business's revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.65 EPS. Equities research analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, August 15th. Reliance's dividend payout ratio is 35.04%.

About Reliance

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.