Pacer Advisors Inc. Has $53.62 Million Stock Position in Reliance, Inc. $RS

Pacer Advisors Inc. reduced its holdings in Reliance, Inc. (NYSE:RS) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,950 shares of the industrial products company’s stock after selling 28,494 shares during the quarter. Pacer Advisors Inc.’s holdings in Reliance were worth $53,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Trust Co. NA raised its stake in shares of Reliance by 417.6% in the 2nd quarter. Private Trust Co. NA now owns 88 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 71 shares during the period. Allworth Financial LP increased 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 worth $44,000 after purchasing an additional 44 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Reliance by 595.5% in the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 131 shares during the last quarter. Caldwell Trust Co bought a new position in Reliance during the second quarter worth about $58,000. Finally, Trust Co. of Toledo NA OH acquired a new position in Reliance during the second quarter worth approximately $68,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Trading Up 0.3%

Shares of Reliance stock opened at $296.35 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43. The firm has a 50-day moving average of $280.87 and a 200-day moving average of $292.56. Reliance, Inc. has a 52-week low of $250.07 and a 52-week high of $347.43. The stock has a market cap of $15.50 billion, a PE ratio of 21.66, a PEG ratio of 1.89 and a beta of 0.92.

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 the consensus estimate of $3.68 by ($0.04). The business had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. Reliance had a return on equity of 10.37% and a net margin of 5.23%.Reliance’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.64 EPS. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. As a group, sell-side analysts forecast that Reliance, Inc. will post 16.98 EPS for the current year.

Reliance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.6%. Reliance’s dividend payout ratio is currently 35.09%.

Insiders Place Their Bets

In related news, COO Stephen Paul Koch sold 3,066 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer owned 14,021 shares in the company, valued at approximately $3,975,794.76. This trade represents a 17.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,646,851.50. Following the completion of the transaction, the chief executive officer directly owned 84,421 shares of the company’s stock, valued at approximately $23,933,353.50. This trade represents a 6.44% decrease in their position. The SEC filing for this sale provides additional information. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. BMO Capital Markets cut their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Reliance from $345.00 to $340.00 and set an “overweight” rating for the company in a research report on Friday, December 5th. Finally, Wells Fargo & Company upped their price objective on shares of Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $317.25.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.