IFM Investors Pty Ltd Has $4.58 Million Holdings in Reliance, Inc. $RS

IFM Investors Pty Ltd boosted its position in Reliance, Inc. (NYSE:RS) by 0.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 15,872 shares of the industrial products company’s stock after acquiring an additional 68 shares during the quarter. IFM Investors Pty Ltd’s holdings in Reliance were worth $4,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of RS. Captrust Financial Advisors grew its stake in Reliance by 3.8% in the 4th quarter. Captrust Financial Advisors now owns 4,106 shares of the industrial products company’s stock valued at $1,105,000 after buying an additional 151 shares during the last quarter. Cetera Investment Advisers grew its stake in Reliance by 9.6% in the 4th quarter. Cetera Investment Advisers now owns 7,041 shares of the industrial products company’s stock valued at $1,896,000 after buying an additional 615 shares during the last quarter. Focus Partners Wealth grew its stake in Reliance by 12.8% in the 4th quarter. Focus Partners Wealth now owns 1,519 shares of the industrial products company’s stock valued at $425,000 after buying an additional 172 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Reliance by 138.8% in the 4th quarter. Janus Henderson Group PLC now owns 4,817 shares of the industrial products company’s stock valued at $1,298,000 after purchasing an additional 2,800 shares during the period. Finally, Millennium Management LLC boosted its holdings in Reliance by 16.5% in the 4th quarter. Millennium Management LLC now owns 120,198 shares of the industrial products company’s stock valued at $32,365,000 after purchasing an additional 16,992 shares during the period. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RS. Zacks Research downgraded shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. began coverage on shares of Reliance in a report on Tuesday. They issued an “overweight” rating and a $350.00 price target for the company. Finally, Wells Fargo & Company raised shares of Reliance to a “hold” rating in a report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $328.80.

Reliance Trading Up 1.6%

Shares of RS stock opened at $296.95 on Friday. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43. The company has a market capitalization of $15.62 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.39 and a beta of 0.89. The firm has a 50-day moving average price of $302.78 and a 200 day moving average price of $296.47. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the business earned $4.65 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Research analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 15th. Reliance’s dividend payout ratio (DPR) is currently 35.04%.

About Reliance

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.