Reliance, Inc. $RS Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC cut its holdings in shares of Reliance, Inc. (NYSE:RS) by 3.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 126,329 shares of the industrial products company’s stock after selling 4,447 shares during the quarter. Copeland Capital Management LLC’s holdings in Reliance were worth $38,394,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC purchased a new position in shares of Reliance during the 4th quarter worth about $10,297,000. Assenagon Asset Management S.A. grew its holdings in Reliance by 24.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 24,284 shares of the industrial products company’s stock valued at $7,015,000 after purchasing an additional 4,817 shares during the period. ProCore Advisors LLC purchased a new stake in Reliance in the fourth quarter valued at approximately $18,787,000. Arjuna Capital acquired a new position in Reliance during the fourth quarter worth approximately $1,838,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in Reliance during the fourth quarter worth approximately $61,317,000. 79.26% of the stock is owned by institutional investors and hedge funds.

More Reliance News

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 Trading Up 0.1%

NYSE RS opened at $396.28 on Friday. Reliance, Inc. has a one year low of $260.31 and a one year high of $419.83. The company’s 50 day moving average price is $384.40 and its 200 day moving average price is $343.98. 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 firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.22 and a beta of 0.97.

Reliance (NYSE:RS) last released its quarterly earnings data 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. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The company had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm earned $3.77 earnings per share. Reliance’s revenue for the quarter was up 15.1% on a year-over-year basis. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, sell-side analysts predict that Reliance, Inc. will post 19.24 EPS for the current year.

Insider Activity at Reliance

In related news, CFO Arthur Ajemyan sold 3,500 shares of Reliance 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 transaction, the chief financial officer owned 16,840 shares in the company, valued at approximately $6,030,740.80. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RS shares. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. JPMorgan Chase & Co. dropped their price objective on Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a report on Wednesday. Weiss Ratings raised Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Seaport Research Partners lifted their target price on Reliance from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Wells Fargo & Company reduced their target price on Reliance from $376.00 to $372.00 and set an “equal weight” rating on the stock in a report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $363.50.

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.