California Public Employees Retirement System Lowers Stake in Reliance, Inc. $RS

California Public Employees Retirement System lessened its position in Reliance, Inc. (NYSE:RS) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,448 shares of the industrial products company’s stock after selling 2,186 shares during the period. California Public Employees Retirement System’s holdings in Reliance were worth $36,553,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC grew its stake in Reliance by 56.6% in the 2nd quarter. Cerity Partners LLC now owns 3,087 shares of the industrial products company’s stock worth $969,000 after acquiring an additional 1,116 shares during the period. Amundi boosted its holdings in shares of Reliance by 25.4% during the second quarter. Amundi now owns 161,047 shares of the industrial products company’s stock worth $52,411,000 after purchasing an additional 32,611 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Reliance in the second quarter valued at $1,318,000. Epoch Investment Partners Inc. grew its position in shares of Reliance by 0.5% in the second quarter. Epoch Investment Partners Inc. now owns 265,838 shares of the industrial products company’s stock valued at $83,447,000 after purchasing an additional 1,380 shares during the period. Finally, Walleye Capital LLC increased its stake in Reliance by 2,192.5% in the second quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 1,162 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Insider Activity at Reliance

In other Reliance news, COO Stephen Paul Koch sold 3,066 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $283.56, for a total value of $869,394.96. Following the completion of the transaction, the chief operating officer owned 14,021 shares in the company, valued at $3,975,794.76. This represents a 17.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Karla R. Lewis sold 5,809 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This trade represents a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.35% of the company’s stock.

Reliance Stock Performance

Shares of RS stock opened at $288.67 on Thursday. The company has a current ratio of 4.43, a quick ratio of 2.08 and a debt-to-equity ratio of 0.19. The company has a market cap of $15.09 billion, a PE ratio of 21.10, a P/E/G ratio of 1.80 and a beta of 0.92. The company’s fifty day simple moving average is $277.32 and its 200-day simple moving average is $293.29. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43.

Reliance (NYSE:RS) last announced its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the company posted $3.64 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, equities research analysts anticipate that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Announces Dividend

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

Analysts Set New Price Targets

Several research firms have commented on RS. Wells Fargo & Company lifted their price target on Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. JPMorgan Chase & Co. lowered their target price on shares of Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, December 5th. BMO Capital Markets cut their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Reliance in a report on Monday. Finally, Zacks Research downgraded 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $317.25.

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.