Ensign Peak Advisors Inc Has $9.19 Million Holdings in Reliance, Inc. $RS

Ensign Peak Advisors Inc lowered its holdings in Reliance, Inc. (NYSE:RS) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,269 shares of the industrial products company’s stock after selling 710 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Reliance were worth $9,188,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Boston Partners grew its holdings in Reliance by 72.4% during the second quarter. Boston Partners now owns 1,761,754 shares of the industrial products company’s stock worth $551,971,000 after buying an additional 739,854 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted 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 purchasing an additional 7,474 shares during the last quarter. American Century Companies Inc. grew its position in Reliance by 37.9% in the 1st quarter. American Century Companies Inc. now owns 588,878 shares of the industrial products company’s stock worth $170,039,000 after purchasing an additional 161,892 shares in the last quarter. Nuveen LLC purchased a new stake in Reliance in the 1st quarter valued at about $144,089,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Reliance by 11.2% in the 1st 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 buying an additional 46,377 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RS shares. Wells Fargo & Company boosted their price target on shares of Reliance from $284.00 to $287.00 and gave the stock an “equal weight” rating in a report on Friday, November 14th. JPMorgan Chase & Co. dropped their target price on shares of Reliance from $350.00 to $345.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research note on Wednesday. Zacks Research downgraded Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, BMO Capital Markets reduced 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. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $323.00.

Reliance Price Performance

Shares of NYSE RS opened at $275.27 on Monday. The stock’s 50-day simple moving average is $278.08 and its two-hundred day simple moving average is $294.85. Reliance, Inc. has a twelve month low of $250.07 and a twelve month high of $347.43. The firm has a market capitalization of $14.39 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.46 and a beta of 0.90. The company has a quick ratio of 2.08, a current ratio of 4.43 and a debt-to-equity ratio of 0.19.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the business posted $3.64 EPS. The business’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. As a group, equities analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Friday, November 21st will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, November 21st. Reliance’s dividend payout ratio (DPR) is presently 35.09%.

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.