Reliance, Inc. $RS Shares Acquired by Transamerica Financial Advisors LLC

Transamerica Financial Advisors LLC lifted its stake in shares of Reliance, Inc. (NYSE:RS) by 595.5% during the first quarter, HoldingsChannel.com reports. The firm owned 153 shares of the industrial products company’s stock after purchasing an additional 131 shares during the period. Transamerica Financial Advisors LLC’s holdings in Reliance were worth $45,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. TCM Advisors LLC grew its stake in shares of Reliance by 1.8% during the 1st quarter. TCM Advisors LLC now owns 5,600 shares of the industrial products company’s stock worth $1,617,000 after purchasing an additional 100 shares during the period. Oliver Luxxe Assets LLC grew its stake in Reliance by 4.8% in the 1st quarter. Oliver Luxxe Assets LLC now owns 21,144 shares of the industrial products company’s stock valued at $6,105,000 after acquiring an additional 970 shares during the last quarter. Jump Financial LLC acquired a new stake in Reliance in the 1st quarter valued at about $200,000. Northwestern Mutual Wealth Management Co. grew its stake in Reliance by 50.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,853 shares of the industrial products company’s stock valued at $824,000 after acquiring an additional 961 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in Reliance in the 1st quarter valued at about $80,000. 79.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RS shares. Wells Fargo & Company raised shares of Reliance to a “hold” rating in a research note on Thursday, August 14th. Zacks Research cut shares of Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Reliance has an average rating of “Hold” and an average price target of $323.50.

Reliance Price Performance

NYSE:RS opened at $294.63 on Friday. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. 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’s 50-day moving average is $306.94 and its two-hundred day moving average is $296.58. Reliance, Inc. has a 12-month low of $250.07 and a 12-month high of $347.43.

Reliance (NYSE:RS) last released 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 firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Reliance had a net margin of 5.39% and a return on equity of 10.48%. Reliance’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company posted $4.65 earnings per share. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Research analysts expect that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 15th. Reliance’s dividend payout ratio is 35.04%.

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.