Venturi Wealth Management LLC Reduces Holdings in Reliance, Inc. $RS

Venturi Wealth Management LLC decreased its position in Reliance, Inc. (NYSE:RS) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,042 shares of the industrial products company’s stock after selling 231 shares during the period. Venturi Wealth Management LLC’s holdings in Reliance were worth $1,583,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Reliance by 57.2% during the 1st quarter. UMB Bank n.a. now owns 555 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 202 shares during the period. Park Avenue Securities LLC boosted its position in shares of Reliance by 6.1% during the 1st quarter. Park Avenue Securities LLC now owns 2,161 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 124 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Reliance by 11.1% during the 1st quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 40 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Reliance by 3.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 7,973 shares of the industrial products company’s stock worth $2,302,000 after purchasing an additional 258 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Reliance by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 143 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RS shares. 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 raised shares of Reliance to a “hold” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. started coverage on shares of Reliance in a research report on Tuesday, September 9th. They set an “overweight” rating and a $350.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Reliance in a research report on Wednesday. Three investment 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 an average target price of $328.80.

Reliance Price Performance

Shares of RS opened at $281.19 on Thursday. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43. The firm’s fifty day simple moving average is $288.19 and its 200-day simple moving average is $296.42. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.34 and a beta of 0.87. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the previous year, the business posted $4.65 earnings per share. Reliance’s revenue for the quarter was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Equities analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th 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, August 15th. Reliance’s dividend payout ratio (DPR) is presently 35.04%.

Reliance 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.