Reliance, Inc. $RS Stock Holdings Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its stake in shares of Reliance, Inc. (NYSE:RS) by 2.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,129 shares of the industrial products company’s stock after acquiring an additional 462 shares during the period. Public Employees Retirement System of Ohio’s holdings in Reliance were worth $7,260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RS. Occidental Asset Management LLC lifted its position in shares of Reliance by 1.3% in the second quarter. Occidental Asset Management LLC now owns 17,659 shares of the industrial products company’s stock worth $5,543,000 after purchasing an additional 233 shares in the last quarter. Oliver Luxxe Assets LLC grew its stake in Reliance by 3.4% in the second quarter. Oliver Luxxe Assets LLC now owns 21,859 shares of the industrial products company’s stock valued at $6,862,000 after purchasing an additional 715 shares in the last quarter. Masso Torrence Wealth Management Inc. increased its position in Reliance by 5.8% in the 2nd quarter. Masso Torrence Wealth Management Inc. now owns 1,111 shares of the industrial products company’s stock worth $349,000 after purchasing an additional 61 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Reliance during the 2nd quarter valued at $397,000. Finally, CX Institutional lifted its holdings in Reliance by 15.2% in the 2nd quarter. CX Institutional now owns 6,243 shares of the industrial products company’s stock worth $1,960,000 after purchasing an additional 826 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Trading Up 1.1%

RS opened at $283.71 on Monday. The firm has a 50-day moving average price of $293.64 and a two-hundred day moving average price of $296.58. The stock has a market capitalization of $14.92 billion, a PE ratio of 20.71, a PEG ratio of 1.35 and a beta of 0.89. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $347.43. 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 (NYSE:RS) last released its earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.29). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the firm earned $4.65 EPS. The company’s revenue was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, equities analysts anticipate 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 was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $1.20 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Reliance’s payout ratio is 35.04%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. assumed coverage on Reliance in a research note on Tuesday, September 9th. They set an “overweight” rating and a $350.00 price target on the stock. Finally, Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a research note on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $328.80.

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.