Aware Super Pty Ltd as trustee of Aware Super Invests $4.30 Million in Reliance, Inc. $RS

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Reliance, Inc. (NYSE:RS) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 14,148 shares of the industrial products company’s stock, valued at approximately $4,300,000.

Other hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its stake in shares of Reliance by 23.2% during the first quarter. Illinois Municipal Retirement Fund now owns 54,369 shares of the industrial products company’s stock valued at $16,524,000 after buying an additional 10,246 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Reliance by 1.6% during the 1st quarter. State of Michigan Retirement System now owns 12,597 shares of the industrial products company’s stock valued at $3,828,000 after acquiring an additional 200 shares during the period. Fifth Third Bancorp boosted its holdings in Reliance by 3,120.5% during the 1st quarter. Fifth Third Bancorp now owns 21,964 shares of the industrial products company’s stock valued at $6,675,000 after acquiring an additional 21,282 shares during the period. Candriam S.C.A. bought a new position in Reliance in the 1st quarter valued at $255,000. Finally, Sequoia Financial Advisors LLC grew its position in Reliance by 24.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,638 shares of the industrial products company’s stock valued at $1,410,000 after acquiring an additional 912 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors.

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.

Insider Transactions at Reliance

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of the business’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 of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Reliance Trading Up 0.1%

Shares of RS stock opened at $396.28 on Friday. Reliance, Inc. has a 1-year low of $260.31 and a 1-year high of $419.83. The firm has a market cap of $20.23 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 1.22 and a beta of 0.97. The company has a 50-day moving average of $384.40 and a two-hundred day moving average of $343.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.39 and a quick ratio of 2.24.

Reliance (NYSE:RS) last released its quarterly earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. Reliance had a net margin of 5.42% and a return on equity of 11.37%. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm earned $3.77 EPS. The business’s revenue 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, analysts predict that Reliance, Inc. will post 19.24 EPS for the current year.

Wall Street Analyst Weigh In

RS has been the subject of several research analyst reports. Bank of America downgraded Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a research report on Thursday, April 30th. The Goldman Sachs Group began coverage on shares of Reliance in a report on Wednesday, April 1st. They issued a “neutral” rating and a $300.00 price target on the stock. Wall Street Zen raised shares of Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. KeyCorp lifted their price objective on shares of Reliance from $378.00 to $418.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Reliance from $378.00 to $376.00 and set a “neutral” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.