Vanguard Personalized Indexing Management LLC Acquires 264 Shares of Reliance, Inc. $RS

Vanguard Personalized Indexing Management LLC increased its position in shares of Reliance, Inc. (NYSE:RS) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,241 shares of the industrial products company’s stock after buying an additional 264 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Reliance were worth $5,098,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RS. Boston Partners raised its holdings in Reliance by 42.7% during the 1st quarter. Boston Partners now owns 1,021,900 shares of the industrial products company’s stock worth $295,052,000 after purchasing an additional 305,620 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Reliance by 1.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 641,052 shares of the industrial products company’s stock worth $185,104,000 after acquiring an additional 7,474 shares during the period. American Century Companies Inc. grew its holdings in Reliance by 37.9% during the 1st quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company’s stock worth $170,039,000 after acquiring an additional 161,892 shares during the period. Nuveen LLC bought a new position in Reliance during the first quarter worth about $144,089,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Reliance by 11.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock worth $133,196,000 after acquiring an additional 46,377 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

Reliance Stock Up 1.2%

Shares of NYSE RS opened at $275.39 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14. The firm has a market cap of $14.48 billion, a PE ratio of 20.10, a P/E/G ratio of 1.30 and a beta of 0.87. The company’s fifty day simple moving average is $287.55 and its 200 day simple moving average is $296.16. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43.

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 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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the prior year, the business earned $4.65 EPS. The firm’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. 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 declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $1.20 per share. The ex-dividend date was Friday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Reliance’s payout ratio is currently 35.04%.

Analyst Upgrades and Downgrades

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

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.