Reliance, Inc. $RS Shares Sold by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. lowered its holdings in shares of Reliance, Inc. (NYSE:RS) by 50.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187 shares of the industrial products company’s stock after selling 187 shares during the period. Osterweis Capital Management Inc.’s holdings in Reliance were worth $54,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Inspire Investing LLC raised its position in Reliance by 14.0% during the first quarter. Inspire Investing LLC now owns 1,089 shares of the industrial products company’s stock worth $314,000 after acquiring an additional 134 shares during the last quarter. Invst LLC acquired a new position in Reliance during the first quarter worth about $657,000. Strs Ohio acquired a new position in Reliance during the first quarter worth about $1,458,000. Geneos Wealth Management Inc. raised its position in Reliance by 99.2% during 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 during the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of Reliance by 0.4% in the first quarter. IFM Investors Pty Ltd now owns 15,872 shares of the industrial products company’s stock valued at $4,583,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Reliance in a research report on Tuesday. They issued an “overweight” rating and a $350.00 price objective for the company. Wells Fargo & Company raised shares of Reliance to a “hold” rating in a research report on Thursday, August 14th. Finally, Zacks Research lowered shares of Reliance from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $328.80.

Reliance Price Performance

Reliance stock opened at $296.95 on Friday. Reliance, Inc. has a 1 year low of $250.07 and a 1 year high of $347.43. The firm has a 50 day moving average price of $302.78 and a 200 day moving average price of $296.47. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.39 and a beta of 0.89. 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 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). Reliance had a net margin of 5.39% and a return on equity of 10.48%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the firm posted $4.65 earnings per share. Reliance’s revenue for the quarter was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. Sell-side analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current year.

Reliance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were 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 was Friday, August 15th. Reliance’s payout ratio is presently 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.