Farther Finance Advisors LLC Has $90,000 Position in Reliance, Inc. $RS

Farther Finance Advisors LLC cut its position in Reliance, Inc. (NYSE:RS) by 28.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 287 shares of the industrial products company’s stock after selling 114 shares during the quarter. Farther Finance Advisors LLC’s holdings in Reliance were worth $90,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Plato Investment Management Ltd raised its position in shares of Reliance by 478.2% in the 1st quarter. Plato Investment Management Ltd now owns 5,262 shares of the industrial products company’s stock valued at $1,536,000 after buying an additional 4,352 shares in the last quarter. Focus Partners Wealth raised its position in shares of Reliance by 387.5% in the 1st quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock valued at $2,138,000 after buying an additional 5,886 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Reliance by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock valued at $133,196,000 after buying an additional 46,377 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Reliance by 17.4% in the 1st quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company’s stock valued at $279,000 after buying an additional 143 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of 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 in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RS has been the subject of several analyst reports. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. initiated coverage on shares of Reliance in a report on Tuesday, September 9th. They set an “overweight” rating and a $350.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reliance in a report on Saturday, September 27th. Finally, Wells Fargo & Company raised shares of Reliance to a “hold” rating in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $328.80.

Reliance Trading Down 0.7%

RS opened at $283.48 on Friday. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. 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 $14.91 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.35 and a beta of 0.87. The company’s 50 day moving average price is $289.24 and its two-hundred day moving average price is $296.50.

Reliance (NYSE:RS) last posted 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 business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the previous year, the firm earned $4.65 earnings per share. 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, research analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued 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 of this dividend was Friday, August 15th. Reliance’s payout ratio is presently 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.