Inspire Investing LLC Sells 199 Shares of Reliance, Inc. $RS

Inspire Investing LLC cut its holdings in Reliance, Inc. (NYSE:RS) by 18.3% during the second quarter, HoldingsChannel reports. The firm owned 890 shares of the industrial products company’s stock after selling 199 shares during the period. Inspire Investing LLC’s holdings in Reliance were worth $279,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RS. Focus Partners Wealth raised its position in shares of Reliance by 387.5% during the first quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock valued at $2,138,000 after buying an additional 5,886 shares during the last quarter. Plato Investment Management Ltd grew its holdings in shares of Reliance by 478.2% during the 1st quarter. Plato Investment Management Ltd now owns 5,262 shares of the industrial products company’s stock worth $1,536,000 after purchasing an additional 4,352 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Reliance by 11.2% during 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 valued at $133,196,000 after purchasing an additional 46,377 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Reliance by 46.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 50,266 shares of the industrial products company’s stock valued at $16,435,000 after purchasing an additional 15,975 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in 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 during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Price Performance

RS stock opened at $272.10 on Friday. The stock has a 50-day moving average price of $286.45 and a two-hundred day moving average price of $295.60. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43. The stock has a market cap of $14.31 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.29 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 earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the previous year, the company posted $4.65 EPS. The business’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 Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Reliance’s dividend payout ratio is presently 35.04%.

Analyst Upgrades and Downgrades

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