Meeder Asset Management Inc. Sells 10,722 Shares of Reliance, Inc. $RS

Meeder Asset Management Inc. decreased its holdings in shares of Reliance, Inc. (NYSE:RS) by 49.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,057 shares of the industrial products company’s stock after selling 10,722 shares during the period. Meeder Asset Management Inc.’s holdings in Reliance were worth $3,360,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RS. Parallel Advisors LLC lifted its position in shares of Reliance by 1.7% in the 1st quarter. Parallel Advisors LLC now owns 1,908 shares of the industrial products company’s stock worth $580,000 after purchasing an additional 31 shares during the period. Venturi Wealth Management LLC increased its holdings in Reliance by 0.9% during the first quarter. Venturi Wealth Management LLC now owns 3,979 shares of the industrial products company’s stock valued at $1,209,000 after buying an additional 34 shares during the period. First Citizens Bank & Trust Co. increased its holdings in Reliance by 1.7% during the fourth quarter. First Citizens Bank & Trust Co. now owns 2,036 shares of the industrial products company’s stock valued at $588,000 after buying an additional 35 shares during the period. Kathmere Capital Management LLC raised its stake in Reliance by 4.9% in the fourth quarter. Kathmere Capital Management LLC now owns 786 shares of the industrial products company’s stock worth $227,000 after buying an additional 37 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in Reliance by 27.6% in the first quarter. Root Financial Partners LLC now owns 185 shares of the industrial products company’s stock worth $56,000 after buying an additional 40 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.

Key Headlines 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 Trading Up 0.1%

NYSE:RS opened at $396.28 on Monday. Reliance, Inc. has a 52 week low of $260.31 and a 52 week high of $419.83. The firm has a 50 day moving average of $384.40 and a 200 day moving average of $344.34. 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 stock 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 announced its 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. 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 last year, the firm earned $3.77 earnings per share. Reliance’s 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. As a group, sell-side analysts anticipate that Reliance, Inc. will post 19.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Reliance

In other news, CFO Arthur Ajemyan sold 3,500 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on RS shares. The Goldman Sachs Group started coverage on Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 target price on the stock. 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 upped their price objective on Reliance from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. BMO Capital Markets raised their price objective 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, Bank of America lowered Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price on the stock. in a research note on Thursday, April 30th. 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.com, the stock has a consensus rating of “Hold” and an average price target of $363.50.

About Reliance

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.