Oregon Public Employees Retirement Fund Grows Stock Position in Reliance, Inc. (NYSE:RS)

Oregon Public Employees Retirement Fund lifted its position in shares of Reliance, Inc. (NYSE:RS) by 0.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,083 shares of the industrial products company’s stock after acquiring an additional 38 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Reliance were worth $3,200,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in Reliance by 1,216.0% in the 4th quarter. Jones Financial Companies Lllp now owns 329 shares of the industrial products company’s stock valued at $89,000 after buying an additional 304 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Reliance by 13.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 651 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 79 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Reliance by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 397,453 shares of the industrial products company’s stock valued at $107,018,000 after purchasing an additional 2,921 shares in the last quarter. Keybank National Association OH grew its position in shares of Reliance by 8.7% in the fourth quarter. Keybank National Association OH now owns 1,703 shares of the industrial products company’s stock valued at $459,000 after purchasing an additional 137 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Reliance by 11.1% during the 4th quarter. Victory Capital Management Inc. now owns 225,739 shares of the industrial products company’s stock valued at $60,782,000 after purchasing an additional 22,583 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Stock Performance

Shares of RS opened at $326.94 on Friday. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $328.27. The stock’s 50-day simple moving average is $303.20 and its 200 day simple moving average is $289.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.58 and a current ratio of 3.17. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of 23.44, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.66 by $0.11. Reliance had a return on equity of 10.77% and a net margin of 5.65%. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business posted $5.30 earnings per share. The company’s revenue was down 4.4% on a year-over-year basis. Research analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, May 23rd. Reliance’s dividend payout ratio (DPR) is presently 34.41%.

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.