Reliance, Inc. $RS Stake Reduced by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its stake in shares of Reliance, Inc. (NYSE:RS) by 0.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 76,901 shares of the industrial products company’s stock after selling 254 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Reliance were worth $24,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth grew its stake in shares of Reliance by 387.5% in the first quarter. Focus Partners Wealth now owns 7,405 shares of the industrial products company’s stock worth $2,138,000 after purchasing an additional 5,886 shares in the last quarter. Plato Investment Management Ltd grew its stake in shares of Reliance by 478.2% in the first 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 grew its stake 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 purchasing an additional 46,377 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew 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 worth $16,435,000 after purchasing an additional 15,975 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of Reliance in the second quarter worth $72,373,000. 79.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Reliance Trading Down 1.7%

Shares of RS stock opened at $273.99 on Thursday. The stock has a 50-day simple moving average of $285.81 and a 200 day simple moving average of $295.58. Reliance, Inc. has a fifty-two week low of $250.07 and a fifty-two week high of $347.43. The stock has a market capitalization of $14.41 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.33 and a beta of 0.87. The company has a quick ratio of 1.51, a current ratio of 3.18 and a debt-to-equity ratio of 0.14.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the business earned $3.64 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, sell-side analysts expect that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $4.80 annualized dividend and a yield of 1.8%. Reliance’s dividend payout ratio (DPR) is currently 35.04%.

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.