Fuller & Thaler Asset Management Inc. Has $726,000 Stake in Reliance, Inc. (NYSE:RS)

Fuller & Thaler Asset Management Inc. boosted its stake in shares of Reliance, Inc. (NYSE:RS - Free Report) by 48.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,698 shares of the industrial products company's stock after buying an additional 885 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Reliance were worth $726,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RS. Quent Capital LLC raised its stake in shares of Reliance by 4.1% during the 4th quarter. Quent Capital LLC now owns 941 shares of the industrial products company's stock worth $253,000 after purchasing an additional 37 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in Reliance by 0.4% during the fourth quarter. Johnson Investment Counsel Inc. now owns 11,149 shares of the industrial products company's stock valued at $3,002,000 after acquiring an additional 39 shares in the last quarter. Townsquare Capital LLC grew its position in Reliance by 3.1% in the fourth quarter. Townsquare Capital LLC now owns 1,342 shares of the industrial products company's stock worth $361,000 after acquiring an additional 40 shares in the last quarter. Forum Financial Management LP increased its position in Reliance by 2.8% during the fourth quarter. Forum Financial Management LP now owns 1,619 shares of the industrial products company's stock worth $436,000 after buying an additional 44 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Reliance by 0.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 7,715 shares of the industrial products company's stock valued at $2,077,000 after acquiring an additional 49 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Reliance

In other Reliance news, CEO Karla R. Lewis sold 31,136 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $300.52, for a total transaction of $9,356,990.72. Following the transaction, the chief executive officer now owns 90,230 shares of the company's stock, valued at $27,115,919.60. The trade was a 25.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RS. KeyCorp lifted their price target on shares of Reliance from $321.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Wolfe Research upgraded shares of Reliance from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Reliance currently has a consensus rating of "Hold" and a consensus price target of $319.00.

Reliance Price Performance

Shares of NYSE:RS traded up $2.05 during trading on Thursday, reaching $290.28. The stock had a trading volume of 47,865 shares, compared to its average volume of 398,506. 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 stock has a market capitalization of $15.35 billion, a PE ratio of 18.80 and a beta of 0.83. The business's 50-day moving average price is $282.73 and its 200 day moving average price is $289.52. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $326.87.

Reliance (NYSE:RS - Get Free Report) last issued its quarterly earnings results 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. Reliance had a return on equity of 11.87% and a net margin of 6.33%. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the prior year, the firm posted $5.30 earnings per share. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, May 23rd. Reliance's dividend payout ratio is currently 34.41%.

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.