Amundi Has $52.41 Million Stake in Reliance, Inc. $RS

Amundi grew its stake in shares of Reliance, Inc. (NYSE:RS) by 25.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,047 shares of the industrial products company’s stock after buying an additional 32,611 shares during the period. Amundi owned approximately 0.31% of Reliance worth $52,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RS. Private Trust Co. NA raised its position in shares of Reliance by 417.6% in the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 71 shares during the period. Allworth Financial LP raised its holdings in Reliance by 46.3% in the second quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 44 shares during the period. Transamerica Financial Advisors LLC boosted its position in shares of Reliance by 595.5% during the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 131 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Reliance in the 2nd quarter valued at $68,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Reliance by 99.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock valued at $76,000 after buying an additional 131 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on RS. BMO Capital Markets dropped their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research report on Monday, December 1st. Zacks Research lowered shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. cut their price objective on Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a research report on Friday, December 5th. Finally, Wells Fargo & Company increased their price objective on shares of Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a research report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $317.25.

Insider Buying and Selling at Reliance

In related news, COO Stephen Paul Koch sold 3,066 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $283.56, for a total transaction of $869,394.96. Following the transaction, the chief operating officer directly owned 14,021 shares in the company, valued at approximately $3,975,794.76. The trade was a 17.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Karla R. Lewis sold 5,809 shares of Reliance stock in a transaction on Monday, December 1st. The stock was sold at an average price of $283.50, for a total value of $1,646,851.50. Following the sale, the chief executive officer owned 84,421 shares in the company, valued at $23,933,353.50. This trade represents a 6.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is currently owned by company insiders.

Reliance Price Performance

Reliance stock opened at $280.39 on Wednesday. The firm has a market cap of $14.66 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.80 and a beta of 0.92. Reliance, Inc. has a one year low of $250.07 and a one year high of $347.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. The stock’s 50 day moving average is $277.22 and its 200 day moving average is $293.32.

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 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 firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm earned $3.64 EPS. Reliance’s quarterly revenue 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, research analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was 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.