XTX Topco Ltd Reduces Position in Reliance, Inc. (NYSE:RS)

XTX Topco Ltd lessened its position in Reliance, Inc. (NYSE:RS - Free Report) by 51.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,892 shares of the industrial products company's stock after selling 3,116 shares during the period. XTX Topco Ltd's holdings in Reliance were worth $835,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Merewether Investment Management LP acquired a new position in Reliance during the fourth quarter worth $9,963,000. GAMMA Investing LLC increased its position in Reliance by 17.4% during the first quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company's stock worth $279,000 after acquiring an additional 143 shares during the period. NDVR Inc. increased its holdings in Reliance by 5.8% in the 4th quarter. NDVR Inc. now owns 882 shares of the industrial products company's stock valued at $237,000 after buying an additional 48 shares during the period. SG Americas Securities LLC increased its holdings in Reliance by 567.7% in the 1st quarter. SG Americas Securities LLC now owns 5,629 shares of the industrial products company's stock valued at $1,625,000 after buying an additional 4,786 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Reliance by 3.5% in the 4th quarter. BNP Paribas Financial Markets now owns 23,469 shares of the industrial products company's stock valued at $6,319,000 after purchasing an additional 787 shares in the last quarter. Institutional investors own 79.26% of the company's stock.

Reliance Price Performance

Shares of RS traded up $1.45 during mid-day trading on Monday, reaching $284.88. The company had a trading volume of 345,049 shares, compared to its average volume of 477,509. The company's 50 day simple moving average is $312.87 and its 200 day simple moving average is $296.68. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $347.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. The company has a market capitalization of $14.98 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.35 and a beta of 0.89.

Reliance (NYSE:RS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.29). The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. Reliance had a return on equity of 10.48% and a net margin of 5.39%. The firm's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.65 earnings per share. Analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, August 15th. Reliance's payout ratio is 35.04%.

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.