Arjuna Capital Boosts Position in Reliance, Inc. $RS

Arjuna Capital grew its stake in shares of Reliance, Inc. (NYSE:RS) by 36.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,661 shares of the industrial products company’s stock after buying an additional 2,298 shares during the period. Arjuna Capital’s holdings in Reliance were worth $2,632,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Wealth Partners LLC purchased a new position in Reliance during the fourth quarter valued at approximately $28,000. Costello Asset Management INC bought a new stake in Reliance during the 1st quarter worth approximately $30,000. Brown Brothers Harriman & Co. lifted its stake in Reliance by 86.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Greenline Wealth Management LLC bought a new position in Reliance in the 4th quarter valued at $32,000. Finally, Quarry LP bought a new position in Reliance in the 3rd quarter valued at $32,000. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance News Roundup

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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RS. Wall Street Zen upgraded shares of Reliance from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Bank of America downgraded Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective on the stock. in a research report on Thursday, April 30th. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. The Goldman Sachs Group began coverage on Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price for the company. Finally, BMO Capital Markets raised their price target on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $363.50.

Insider Transactions at Reliance

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 value of $1,253,420.00. Following the completion of the transaction, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.

Reliance Stock Performance

Reliance stock opened at $396.28 on Friday. Reliance, Inc. has a fifty-two week low of $260.31 and a fifty-two week high of $419.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39. The stock has a market cap of $20.23 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.97. The firm’s fifty day moving average price is $384.40 and its 200-day moving average price is $343.98.

Reliance (NYSE:RS) last announced its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.63 by $0.53. The company had revenue of $4.03 billion during 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 firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities research analysts expect that Reliance, Inc. will post 19.18 earnings per share for the current fiscal year.

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.