First Citizens Bank & Trust Co. Takes $607,000 Position in Reliance, Inc. $RS

First Citizens Bank & Trust Co. purchased a new stake in Reliance, Inc. (NYSE:RS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,933 shares of the industrial products company’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. TCTC Holdings LLC increased its holdings in shares of Reliance by 138.9% in the first quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 50 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Reliance by 417.6% in the second 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 in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Reliance in the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in shares of Reliance in the first quarter valued at approximately $30,000. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Reliance by 595.5% in the first 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 in the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Trading Up 1.3%

Shares of NYSE:RS opened at $277.33 on Friday. Reliance, Inc. has a one year low of $250.07 and a one year high of $347.43. The stock has a market capitalization of $14.58 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.87. The company’s 50-day moving average price is $285.30 and its two-hundred day moving average price is $295.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.43 and a quick ratio of 1.51.

Reliance (NYSE:RS) last issued its 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). The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.54 billion. Reliance had a net margin of 5.23% and a return on equity of 10.37%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $3.64 earnings per share. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. On average, equities analysts forecast that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Reliance Dividend Announcement

The company 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. The ex-dividend date is Friday, November 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.7%. Reliance’s dividend payout ratio (DPR) is currently 35.09%.

Analyst Ratings Changes

RS has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on shares of Reliance from $296.00 to $284.00 and set an “equal weight” rating for the company in a report on Friday. Zacks Research downgraded Reliance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. cut their price target on 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 reissued a “hold (c+)” rating on shares of Reliance in a research note on Saturday. Finally, BMO Capital Markets decreased their price target on shares of Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a report on Friday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Reliance currently has an average rating of “Hold” and an average price target of $322.40.

Reliance 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.