Arjuna Capital Boosts Stock Position in Reliance, Inc. $RS

Arjuna Capital raised its holdings in Reliance, Inc. (NYSE:RS) by 36.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,661 shares of the industrial products company’s stock after purchasing an additional 2,298 shares during the quarter. Arjuna Capital’s holdings in Reliance were worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RS. Assetmark Inc. raised its stake in shares of Reliance by 4.7% during the 1st quarter. Assetmark Inc. now owns 28,278 shares of the industrial products company’s stock worth $8,594,000 after purchasing an additional 1,282 shares during the period. Bessemer Group Inc. grew its position in Reliance by 11.0% during the first quarter. Bessemer Group Inc. now owns 1,500 shares of the industrial products company’s stock valued at $456,000 after buying an additional 149 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Reliance during the first quarter worth about $4,300,000. Illinois Municipal Retirement Fund increased its holdings in Reliance by 23.2% during the first quarter. Illinois Municipal Retirement Fund now owns 54,369 shares of the industrial products company’s stock worth $16,524,000 after buying an additional 10,246 shares during the last quarter. Finally, State of Michigan Retirement System raised its position in Reliance by 1.6% in the first quarter. State of Michigan Retirement System now owns 12,597 shares of the industrial products company’s stock worth $3,828,000 after acquiring an additional 200 shares during the period. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Price Performance

Shares of NYSE:RS opened at $396.28 on Friday. The company has a quick ratio of 2.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $20.23 billion, a PE ratio of 25.85, a P/E/G ratio of 1.22 and a beta of 0.97. Reliance, Inc. has a twelve month low of $260.31 and a twelve month high of $419.83. The company has a 50-day moving average price of $384.40 and a two-hundred day moving average price of $343.98.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.63 by $0.53. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. Equities analysts forecast that Reliance, Inc. will post 19.18 EPS for the current year.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

RS has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Seaport Research Partners lifted their price target on shares of Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. KeyCorp upped their price objective on Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a research note on Wednesday, June 24th. Bank of America lowered Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective for the company. in a report on Thursday, April 30th. Finally, Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Reliance presently has a consensus rating of “Hold” and an average price target of $363.50.

Key Stories Impacting Reliance

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance Industries reported strong Q1 results, with revenue rising 24.5% to Rs 3.4 lakh crore and recurring profit up 6%, reinforcing optimism around the company’s operating momentum. Reliance Industries Q1 revenue jumps 24.5% to Rs 3.4 lakh crore, recurring PAT climbs 6%
• Positive Sentiment: Jio Platforms posted Q1 revenue of Rs 45,961 crore and a 9% rise in profit, while Jio’s ARPU increased to Rs 215.6, signaling healthy growth in Reliance’s telecom arm. Jio Platforms Q1 earnings: IPO-bound firm logs Rs 45,961 crore revenue, profit up 9%
• Positive Sentiment: Reliance Retail reported Q1 revenue growth of 7.4% to Rs 90,408 crore, adding another sign of steady demand across the consumer business. Reliance Retail’s Q1 FY27 revenue up 7.4% to Rs 90,408 crore
• Positive Sentiment: Reliance promoters increased their stake by about 0.5% with share purchases worth roughly Rs 8,500-9,000 crore, which can be read as a strong insider vote of confidence. Reliance promoters raise stake by 0.5 pc through Rs 8,500-9,000 cr worth of share purchases
• Neutral Sentiment: Shares had already been trending up ahead of the results on expectations of strong Q1 performance, suggesting much of the optimism was built into the stock before the announcement. Reliance Industries Q1 Results Live: Stock gains 1.86% ahead of Q1 results; O2C, Jio growth key to earnings
• Neutral Sentiment: Analysts also noted concerns that Reliance may be modestly overvalued and JPMorgan lowered its price target, which could temper enthusiasm even after the strong results. Reliance (RS) Could Be 5% Overvalued On Rising Earnings Expectations
• Negative Sentiment: JPMorgan Chase & Co. lowered its price target on Reliance (RS) to $376, a potential caution flag for U.S.-listed investors. Reliance (NYSE:RS) Price Target Lowered to $376.00 at JPMorgan Chase & Co.

Reliance 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.