Reliance, Inc. $RS Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in shares of Reliance, Inc. (NYSE:RS) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,538 shares of the industrial products company’s stock after selling 1,711 shares during the quarter. Advisors Asset Management Inc.’s holdings in Reliance were worth $4,563,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RS. TCTC Holdings LLC grew its stake in Reliance by 138.9% during the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of Reliance by 417.6% during the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after buying an additional 71 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Reliance during the 1st quarter valued at approximately $29,000. Allworth Financial LP grew its position in shares of Reliance by 46.3% during the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after buying an additional 44 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Reliance by 595.5% in the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock worth $45,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Price Performance

Shares of NYSE:RS opened at $280.30 on Friday. The company has a market cap of $14.66 billion, a PE ratio of 20.49, a P/E/G 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 firm has a 50-day simple moving average of $277.20 and a 200 day simple moving average of $294.38. The company has a quick ratio of 2.08, a current ratio of 4.43 and a debt-to-equity ratio of 0.19.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. Reliance had a net margin of 5.23% and a return on equity of 10.37%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, sell-side analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors 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 payout ratio is currently 35.09%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. cut 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. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research report on Tuesday. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Wells Fargo & Company lifted their price target on Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research note on Friday, November 14th. Finally, BMO Capital Markets lowered their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Reliance has an average rating of “Hold” and a consensus target price of $323.00.

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.