Louisiana State Employees Retirement System Sells 400 Shares of Reliance, Inc. $RS

Louisiana State Employees Retirement System cut its stake in Reliance, Inc. (NYSE:RS) by 2.6% in the second quarter, HoldingsChannel reports. The fund owned 14,800 shares of the industrial products company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Reliance were worth $4,646,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Shell Asset Management Co. grew its position in shares of Reliance by 38.0% during the 2nd quarter. Shell Asset Management Co. now owns 14,462 shares of the industrial products company’s stock worth $4,540,000 after buying an additional 3,981 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of Reliance by 21.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 38,600 shares of the industrial products company’s stock worth $12,117,000 after buying an additional 6,900 shares during the period. Pure Financial Advisors LLC grew its position in shares of Reliance by 3.7% during the 2nd quarter. Pure Financial Advisors LLC now owns 9,677 shares of the industrial products company’s stock worth $3,038,000 after buying an additional 349 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Reliance by 378.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 34,167 shares of the industrial products company’s stock worth $10,725,000 after buying an additional 27,033 shares during the period. Finally, Woodward Diversified Capital LLC grew its position in shares of Reliance by 0.4% during the 2nd quarter. Woodward Diversified Capital LLC now owns 78,350 shares of the industrial products company’s stock worth $24,594,000 after buying an additional 302 shares during the period. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RS shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Reliance in a research report on Wednesday. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. started coverage on shares of Reliance in a research report on Tuesday, September 9th. They set an “overweight” rating and a $350.00 price target for the company. Finally, Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a research report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $328.80.

Reliance Stock Up 0.3%

Shares of NYSE RS opened at $281.19 on Thursday. The stock has a market cap of $14.79 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.34 and a beta of 0.87. The firm has a 50 day moving average price of $288.19 and a 200 day moving average price of $296.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 3.18. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, July 23rd. The industrial products company reported $4.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.72 by ($0.29). The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The business also recently declared 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 1.7%. The ex-dividend date was Friday, August 15th. Reliance’s dividend payout ratio is 35.04%.

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.