VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 65,811 Reliance, Inc. $RS

Key Points

• Virginia Retirement Systems purchased 65,811 shares of Reliance, Inc., valued at approximately $20.7 million, during the second quarter, increasing its stake to 0.13% of the company.
• A number of institutional investors, including TCTC Holdings and Private Trust Co. NA, have significantly increased their stakes in Reliance over recent months, resulting in 79.26% of the stock being owned by institutional investors and hedge funds.
• Reliance's quarterly earnings report indicated an EPS of $4.43, missing the consensus estimate, with current guidance for Q3 2025 set between 3.600-3.800 EPS and a recent quarterly dividend of $1.20 announced.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Reliance, Inc. (NYSE:RS - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 65,811 shares of the industrial products company's stock, valued at approximately $20,658,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.13% of Reliance at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TCTC Holdings LLC lifted its stake in Reliance by 138.9% during 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 in the last quarter. Private Trust Co. NA lifted its stake in Reliance by 417.6% during the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company's stock valued at $28,000 after buying an additional 71 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Reliance during the first quarter valued at about $29,000. Wayfinding Financial LLC purchased a new stake in Reliance during the first quarter valued at about $30,000. Finally, Transamerica Financial Advisors LLC lifted its stake in Reliance by 595.5% during 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 in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Zacks Research lowered shares of Reliance from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Wells Fargo & Company raised shares of Reliance to a "hold" rating in a research note on Thursday, August 14th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Reliance in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Reliance from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Monday, October 13th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Reliance currently has an average rating of "Hold" and an average price target of $327.80.

Reliance Price Performance

NYSE RS opened at $272.10 on Monday. The company has a 50 day simple moving average of $286.45 and a 200-day simple moving average of $295.75. 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 firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.87. Reliance, Inc. has a 52-week low of $250.07 and a 52-week 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 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 return on equity of 10.48% and a net margin of 5.39%.Reliance's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Equities research analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $1.20 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.8%. Reliance's dividend payout ratio is currently 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.

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