Reliance, Inc. $RS Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Reliance, Inc. (NYSE:RS) by 12.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,179 shares of the industrial products company’s stock after buying an additional 5,092 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of Reliance worth $14,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. TCTC Holdings LLC boosted its stake in Reliance by 138.9% in the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 50 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Reliance by 417.6% in the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 71 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Reliance in the 1st quarter valued at about $29,000. Transamerica Financial Advisors LLC boosted its position in shares of Reliance by 595.5% in the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 131 shares during the period. Finally, Trust Co. of Toledo NA OH purchased a new position in Reliance during the 2nd quarter worth approximately $68,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Price Performance

Shares of NYSE RS opened at $276.03 on Thursday. The stock has a fifty day moving average price of $281.68 and a 200 day moving average price of $295.97. Reliance, Inc. has a 1-year low of $250.07 and a 1-year high of $347.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. The company has a market cap of $14.43 billion, a PE ratio of 20.18, a P/E/G ratio of 1.46 and a beta of 0.90.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the company posted $3.64 EPS. The firm’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. Sell-side analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be given a $1.20 dividend. The ex-dividend date is Friday, November 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Reliance’s dividend payout ratio (DPR) is presently 35.09%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RS shares. JPMorgan Chase & Co. reduced their price objective on Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Reliance in a research report on Wednesday, October 8th. Wells Fargo & Company cut their target price on shares of Reliance from $296.00 to $284.00 and set an “equal weight” rating on the stock in a report on Friday, October 24th. BMO Capital Markets reduced their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Finally, Zacks Research downgraded shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Reliance presently has a consensus rating of “Hold” and an average price target of $322.40.

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.