Amundi Acquires 32,611 Shares of Reliance, Inc. $RS

Amundi increased its stake in Reliance, Inc. (NYSE:RS) by 25.4% during the 2nd quarter, Holdings Channel reports. The firm owned 161,047 shares of the industrial products company’s stock after purchasing an additional 32,611 shares during the quarter. Amundi’s holdings in Reliance were worth $52,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Trust Co. NA grew its stake in Reliance by 417.6% in the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock worth $28,000 after buying an additional 71 shares in the last quarter. Allworth Financial LP raised its position in shares of Reliance by 46.3% during the 2nd quarter. Allworth Financial LP now owns 139 shares of the industrial products company’s stock valued at $44,000 after buying an additional 44 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Reliance by 595.5% during the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after buying an additional 131 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Reliance during the 2nd quarter worth $68,000. Finally, Geneos Wealth Management Inc. grew its position in Reliance by 99.2% in the first quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 131 shares in the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Stock Down 0.3%

Shares of NYSE:RS opened at $280.39 on Wednesday. The stock’s 50-day moving average is $277.22 and its 200 day moving average is $293.32. The company has a market cap of $14.66 billion, a PE ratio of 20.50, a P/E/G ratio of 1.80 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 2.08. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43.

Reliance (NYSE:RS) last issued its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing analysts’ consensus estimates of $3.68 by ($0.04). Reliance had a return on equity of 10.37% and a net margin of 5.23%.The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the business posted $3.64 earnings per share. Reliance’s quarterly revenue was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Sell-side analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, November 21st. Reliance’s payout ratio is presently 35.09%.

Analyst Ratings Changes

A number of research firms recently commented on RS. Weiss Ratings reissued a “hold (c)” rating on shares of Reliance in a research note on Monday, December 1st. JPMorgan Chase & Co. reduced their price objective on Reliance from $345.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, December 5th. Wells Fargo & Company raised their price objective on Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. Zacks Research cut Reliance from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Finally, BMO Capital Markets cut their target price on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $317.25.

Insider Buying and Selling at Reliance

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

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.