Pacer Advisors Inc. Sells 28,494 Shares of Reliance, Inc. $RS

Pacer Advisors Inc. trimmed its position in Reliance, Inc. (NYSE:RS) by 13.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,950 shares of the industrial products company’s stock after selling 28,494 shares during the quarter. Pacer Advisors Inc. owned 0.36% of Reliance worth $53,624,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Boston Partners raised its stake in shares of Reliance by 72.6% in the 2nd quarter. Boston Partners now owns 1,763,317 shares of the industrial products company’s stock valued at $552,461,000 after buying an additional 741,417 shares in the last quarter. Franklin Resources Inc. raised its position in Reliance by 2.5% in the second quarter. Franklin Resources Inc. now owns 1,090,657 shares of the industrial products company’s stock worth $342,357,000 after purchasing an additional 26,545 shares in the last quarter. Norges Bank acquired a new position in Reliance in the second quarter worth about $207,741,000. American Century Companies Inc. lifted its stake in Reliance by 6.5% during the second quarter. American Century Companies Inc. now owns 626,890 shares of the industrial products company’s stock worth $196,781,000 after purchasing an additional 38,012 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Reliance by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,285 shares of the industrial products company’s stock valued at $133,196,000 after purchasing an additional 46,377 shares in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Stock Performance

Shares of NYSE:RS opened at $296.35 on Friday. The business has a fifty day moving average of $280.87 and a 200-day moving average of $292.56. 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 twelve month low of $250.07 and a twelve month high of $347.43. The firm has a market cap of $15.50 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92.

Reliance (NYSE:RS) last issued 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). The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.64 EPS. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, equities research analysts predict that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, November 21st. Reliance’s payout ratio is 35.09%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RS. JPMorgan Chase & Co. dropped their target price on Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, December 5th. Wells Fargo & Company increased their price objective on Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a research note on Friday, November 14th. BMO Capital Markets cut their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, October 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $317.25.

Insider Buying and Selling at Reliance

In other Reliance news, CEO Karla R. Lewis sold 5,809 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $283.50, for a total value of $1,646,851.50. Following the transaction, the chief executive officer directly owned 84,421 shares in the company, valued at approximately $23,933,353.50. This trade represents a 6.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen Paul Koch sold 3,066 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $283.56, for a total value of $869,394.96. Following the completion of the transaction, the chief operating officer owned 14,021 shares in the company, valued at approximately $3,975,794.76. This represents a 17.94% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.35% of the stock is currently owned by corporate insiders.

About Reliance

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.