Corient Private Wealth LLC Raises Stock Holdings in Reliance, Inc. $RS

Corient Private Wealth LLC boosted its stake in shares of Reliance, Inc. (NYSE:RS) by 1,019.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,874 shares of the industrial products company’s stock after purchasing an additional 311,323 shares during the quarter. Corient Private Wealth LLC’s holdings in Reliance were worth $98,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Elevation Wealth Partners LLC bought a new position in Reliance in the fourth quarter worth about $28,000. Brown Brothers Harriman & Co. lifted its position in Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 50 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in Reliance in the fourth quarter valued at approximately $32,000. Quarry LP acquired a new stake in Reliance in the third quarter valued at approximately $32,000. Finally, Parkside Financial Bank & Trust boosted its stake in Reliance by 87.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Reliance Stock Performance

Shares of RS stock opened at $396.22 on Friday. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 1.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24. The business has a fifty day moving average of $368.41 and a 200 day moving average of $330.48. Reliance, Inc. has a 1 year low of $260.31 and a 1 year high of $419.83.

Reliance (NYSE:RS) last posted its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.53. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.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 business earned $3.77 EPS. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. As a group, research analysts expect that Reliance, Inc. will post 19.14 earnings per share for the current year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Reliance’s payout ratio is 32.62%.

Insider Activity at Reliance

In related news, CFO Arthur Ajemyan sold 3,500 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 16,840 shares in the company, valued at $6,030,740.80. This represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Key Reliance News

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Reliance Retail reported strong revenue growth and is leaning into AI, quick commerce, and consumer brands to accelerate expansion, which supports the case for continued growth. Reliance Retail Bets On AI, Quick Commerce And Consumer Brands For Growth: Isha Ambani
• Positive Sentiment: Reliance Consumer set an ambitious target of Rs 1 lakh crore in topline by FY30, signaling management confidence in the consumer business scale-up. Reliance Consumer targets Rs 1 lakh crore topline by FY30
• Positive Sentiment: JioStar helped Reliance media deliver a sharp profit increase, with FY26 profit reported at Rs 3,434 crore and revenue nearly doubling, reinforcing strength in the media/digital ecosystem. JioStar powers Reliance media to Rs 3,434 crore FY26 profit, revenue nearly doubles
• Positive Sentiment: Reliance said it spent Rs 1,44,271 crore on capex in FY26 and posted record revenue and net profit, which suggests continued investment in growth projects and strong operational scale. Reliance spent Rs 1,44,271 crore on capex in FY26; posts record revenue and net profit

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Seaport Research Partners upped their price target on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Wells Fargo & Company raised their price objective on Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 4th. KeyCorp boosted their target price on Reliance from $341.00 to $378.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. BMO Capital Markets upped their target price on Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. increased their price target on Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Reliance currently has a consensus rating of “Hold” and an average target price of $357.83.

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.