iA Global Asset Management Inc. Acquires Shares of 1,252 Reliance, Inc. $RS

iA Global Asset Management Inc. acquired a new stake in Reliance, Inc. (NYSE:RS) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,252 shares of the industrial products company’s stock, valued at approximately $393,000.

A number of other large investors also recently modified their holdings of RS. TCTC Holdings LLC increased its position in shares of Reliance by 138.9% in 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 during the last quarter. Private Trust Co. NA grew 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 buying an additional 71 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Reliance in the 1st quarter valued at $29,000. Wayfinding Financial LLC purchased a new stake in Reliance in the first quarter valued at $30,000. Finally, Transamerica Financial Advisors LLC boosted its stake in Reliance by 595.5% in the first quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 131 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Trading Down 2.0%

Shares of Reliance stock opened at $275.81 on Wednesday. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The company has a market capitalization of $14.42 billion, a P/E ratio of 20.16, a PEG ratio of 1.46 and a beta of 0.87. The company’s fifty day moving average is $283.98 and its two-hundred day moving average is $296.36.

Reliance (NYSE:RS) last issued its quarterly earnings data 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 return on equity of 10.37% and a net margin of 5.23%.The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the business posted $3.64 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Analysts forecast that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given 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 is Friday, November 21st. Reliance’s dividend payout ratio (DPR) is presently 35.09%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RS. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reliance in a research report on Wednesday, October 8th. BMO Capital Markets dropped their price target on Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. JPMorgan Chase & Co. reduced their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Monday, October 13th. Zacks Research downgraded Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company lowered their target price on shares of Reliance from $296.00 to $284.00 and set an “equal weight” rating on the stock in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $322.40.

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.