Pure Financial Advisors LLC Has $3.04 Million Stake in Reliance, Inc. $RS

Pure Financial Advisors LLC increased its position in shares of Reliance, Inc. (NYSE:RS) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,677 shares of the industrial products company’s stock after buying an additional 349 shares during the period. Pure Financial Advisors LLC’s holdings in Reliance were worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Boston Partners increased its holdings in Reliance by 42.7% during the first quarter. Boston Partners now owns 1,021,900 shares of the industrial products company’s stock worth $295,052,000 after buying an additional 305,620 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Reliance by 1.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 641,052 shares of the industrial products company’s stock worth $185,104,000 after buying an additional 7,474 shares during the last quarter. American Century Companies Inc. increased its holdings in Reliance by 37.9% during the first quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company’s stock worth $170,039,000 after buying an additional 161,892 shares during the last quarter. Nuveen LLC acquired a new position in Reliance during the first quarter worth $144,089,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 worth $133,196,000 after buying an additional 46,377 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RS has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Reliance to a “hold” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. initiated coverage on shares of Reliance in a report on Tuesday, September 9th. They issued an “overweight” rating and a $350.00 price objective on the stock. Finally, Zacks Research downgraded shares of Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Reliance has an average rating of “Hold” and an average price target of $328.80.

Reliance Trading Up 0.9%

Shares of Reliance stock opened at $283.45 on Thursday. The firm has a 50-day moving average of $290.02 and a 200-day moving average of $296.34. The stock has a market cap of $14.91 billion, a PE ratio of 20.69, a PEG ratio of 1.34 and a beta of 0.88. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43. 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 (NYSE:RS) last announced its earnings results 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 business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.65 EPS. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, sell-side analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Reliance’s payout ratio is presently 35.04%.

Reliance 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.