Alpine Woods Capital Investors LLC Trims Stake in Reliance, Inc. $RS

Alpine Woods Capital Investors LLC reduced its holdings in shares of Reliance, Inc. (NYSE:RS) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,626 shares of the industrial products company’s stock after selling 247 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Reliance were worth $2,708,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RS. Farther Finance Advisors LLC increased its holdings in Reliance by 11.1% during the first quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company’s stock valued at $116,000 after buying an additional 40 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Reliance by 17.4% in the first quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 143 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Reliance by 567.7% in the first quarter. SG Americas Securities LLC now owns 5,629 shares of the industrial products company’s stock worth $1,625,000 after purchasing an additional 4,786 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Reliance by 26.9% in the first quarter. Fifth Third Bancorp now owns 822 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 174 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Reliance by 20.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,291 shares of the industrial products company’s stock worth $9,902,000 after purchasing an additional 5,882 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Stock Performance

RS opened at $275.39 on Tuesday. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.30 and a beta of 0.87. The company has a fifty day moving average of $287.55 and a 200 day moving average of $296.16. 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 0.14, a quick ratio of 1.51 and a current ratio of 3.18.

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

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Reliance’s dividend payout ratio (DPR) is presently 35.04%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Reliance in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company raised shares of Reliance to a “hold” rating in a research note on Thursday, August 14th. Finally, Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Reliance has a consensus rating of “Hold” and an average price target of $327.80.

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.