649 Shares in Reliance, Inc. $RS Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new position in shares of Reliance, Inc. (NYSE:RS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 649 shares of the industrial products company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AlphaQuest LLC increased its position in Reliance by 428.3% during the second quarter. AlphaQuest LLC now owns 1,458 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 1,182 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Reliance in the 2nd quarter valued at $142,000. First Citizens Bank & Trust Co. bought a new stake in Reliance in the 2nd quarter valued at $607,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Reliance in the 2nd quarter valued at $20,658,000. Finally, William Blair Investment Management LLC bought a new stake in Reliance in the 2nd quarter valued at $72,373,000. Institutional investors own 79.26% of the company’s stock.

Reliance Stock Performance

Reliance stock opened at $282.41 on Friday. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43. The company has a market cap of $14.85 billion, a PE ratio of 20.64, a PEG ratio of 1.46 and a beta of 0.87. The company’s 50-day moving average is $284.64 and its two-hundred day moving average is $296.19.

Reliance (NYSE:RS) last released its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the company posted $3.64 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities analysts anticipate 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 will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given a dividend of $1.20 per share. The ex-dividend date is Friday, November 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Reliance’s dividend payout ratio is presently 35.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RS shares. BMO Capital Markets lowered their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Wells Fargo & Company lowered their price target on shares of Reliance from $296.00 to $284.00 and set an “equal weight” rating on the stock in a report on Friday, October 24th. JPMorgan Chase & Co. lowered their price target on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Monday, October 13th. Zacks Research lowered shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reliance in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $322.40.

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.