Epoch Investment Partners Inc. Has $49.80 Million Stock Position in Reliance, Inc. $RS

Epoch Investment Partners Inc. trimmed its holdings in shares of Reliance, Inc. (NYSE:RS) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,403 shares of the industrial products company’s stock after selling 13,410 shares during the period. Epoch Investment Partners Inc.’s holdings in Reliance were worth $49,802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of RS. Royal Bank of Canada raised its position in Reliance by 6.6% during the first quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after buying an additional 940 shares during the period. Empowered Funds LLC raised its position in Reliance by 4.8% during the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock valued at $1,635,000 after buying an additional 258 shares during the period. 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 valued at $76,000 after buying an additional 131 shares during the period. Walleye Capital LLC raised its position in Reliance by 2,192.5% during the second quarter. Walleye Capital LLC now owns 1,215 shares of the industrial products company’s stock valued at $381,000 after buying an additional 1,162 shares during the period. Finally, Marshall Wace LLP acquired a new position in Reliance during the second quarter valued at $1,318,000. 79.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on RS shares. BMO Capital Markets upped their price target on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. boosted their target price on Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Seaport Research Partners boosted their target price on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Wells Fargo & Company boosted their target price on Reliance from $343.00 to $376.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Reliance has an average rating of “Hold” and an average price target of $357.83.

Insider Activity

In other news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares in the company, valued at approximately $6,030,740.80. This represents a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.

Reliance Stock Performance

Shares of NYSE RS opened at $413.65 on Monday. The business’s 50-day moving average price is $359.01 and its two-hundred day moving average price is $326.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. Reliance, Inc. has a one year low of $260.31 and a one year high of $417.25. The company has a market capitalization of $21.12 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95.

Reliance (NYSE:RS) last issued its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company posted $3.77 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Analysts anticipate that Reliance, Inc. will post 19.14 earnings per share for the current fiscal year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, May 22nd. Reliance’s dividend payout ratio is 32.62%.

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.