Reliance, Inc. $RS Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC increased its position in shares of Reliance, Inc. (NYSE:RS) by 30.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,587 shares of the industrial products company’s stock after acquiring an additional 15,373 shares during the period. Acadian Asset Management LLC owned about 0.13% of Reliance worth $20,893,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Reliance by 10.7% during the second quarter. IFP Advisors Inc now owns 340 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 33 shares during the period. HB Wealth Management LLC grew its holdings in shares of Reliance by 2.6% in the second quarter. HB Wealth Management LLC now owns 1,338 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 34 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of Reliance by 3.7% in the first quarter. Cordatus Wealth Management LLC now owns 974 shares of the industrial products company’s stock valued at $281,000 after purchasing an additional 35 shares in the last quarter. Hemington Wealth Management increased its stake in Reliance by 18.0% during the 1st quarter. Hemington Wealth Management now owns 229 shares of the industrial products company’s stock worth $66,000 after buying an additional 35 shares during the period. Finally, Xponance Inc. lifted its holdings in Reliance by 0.5% during the 1st quarter. Xponance Inc. now owns 9,245 shares of the industrial products company’s stock worth $2,669,000 after buying an additional 45 shares in the last quarter. 79.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Reliance Price Performance

Shares of NYSE RS opened at $272.45 on Tuesday. The stock’s 50-day simple moving average is $282.34 and its 200-day simple moving average is $296.21. The firm has a market capitalization of $14.25 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.46 and a beta of 0.90. 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 0.19, a quick ratio of 2.08 and a current ratio of 4.43.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the prior year, the company earned $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. As a group, equities research analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, November 21st. Reliance’s dividend payout ratio (DPR) is currently 35.09%.

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.