Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $4.24 Million Stake in Reliance, Inc. $RS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Reliance, Inc. (NYSE:RS) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,511 shares of the industrial products company’s stock after buying an additional 574 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Reliance were worth $4,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of RS. TCTC Holdings LLC boosted its stake in Reliance by 138.9% during the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Reliance by 417.6% during the second quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 71 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Reliance in the 1st quarter valued at $29,000. Allworth Financial LP increased its position in shares of Reliance by 46.3% in the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock valued at $44,000 after buying an additional 44 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in Reliance by 595.5% during the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock worth $45,000 after buying an additional 131 shares during the period. 79.26% of the stock is owned by institutional investors.

Reliance Stock Down 0.1%

Shares of Reliance stock opened at $266.01 on Wednesday. The firm has a market cap of $13.91 billion, a PE ratio of 19.44, a P/E/G ratio of 1.46 and a beta of 0.90. The business’s 50 day simple moving average is $279.49 and its 200 day simple moving average is $295.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $3.64 EPS. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be issued a dividend of $1.20 per share. The ex-dividend date is Friday, November 21st. This represents a $4.80 annualized dividend and a yield of 1.8%. Reliance’s dividend payout ratio is presently 35.09%.

Analyst Ratings Changes

A number of research analysts have issued reports on RS shares. BMO Capital Markets decreased their target price on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. JPMorgan Chase & Co. cut 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. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research note on Thursday, November 13th. Wells Fargo & Company raised their target price on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a report on Friday, November 14th. Finally, Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $323.00.

Reliance Company 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.