Vanguard Personalized Indexing Management LLC Grows Position in Reliance, Inc. $RS

Vanguard Personalized Indexing Management LLC grew its stake in Reliance, Inc. (NYSE:RS) by 1.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,241 shares of the industrial products company’s stock after buying an additional 264 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Reliance were worth $5,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Reliance by 11.1% during the first quarter. Farther Finance Advisors LLC now owns 401 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 40 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Reliance by 17.4% during the 1st quarter. GAMMA Investing LLC now owns 966 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 143 shares during the period. SG Americas Securities LLC raised its holdings in shares of Reliance by 567.7% in the first quarter. SG Americas Securities LLC now owns 5,629 shares of the industrial products company’s stock worth $1,625,000 after buying an additional 4,786 shares during the period. Fifth Third Bancorp lifted its position in shares of Reliance by 26.9% during the first quarter. Fifth Third Bancorp now owns 822 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 174 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Reliance by 20.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,291 shares of the industrial products company’s stock valued at $9,902,000 after buying an additional 5,882 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RS has been the subject of several research analyst reports. Weiss Ratings reaffirmed 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 report on Thursday, August 14th. Zacks Research lowered Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $327.80.

Reliance Stock Performance

Shares of RS stock opened at $275.39 on Tuesday. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43. The business’s fifty day simple moving average is $287.55 and its 200-day simple moving average is $296.16. The company has a current ratio of 3.18, a quick ratio of 1.51 and a debt-to-equity ratio of 0.14. The company has a market cap of $14.48 billion, a PE ratio of 20.10, a PEG ratio of 1.30 and a beta of 0.87.

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

Reliance Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $1.20 dividend. The ex-dividend date was Friday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. Reliance’s dividend payout ratio (DPR) is 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.