XXEC Inc. Acquires New Stake in Reliance, Inc. $RS

XXEC Inc. purchased a new stake in shares of Reliance, Inc. (NYSE:RS) in the 4th quarter, Holdings Channel reports. The fund purchased 6,347 shares of the industrial products company’s stock, valued at approximately $1,833,000. Reliance accounts for about 1.8% of XXEC Inc.’s investment portfolio, making the stock its 18th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pure Financial Advisors LLC lifted its holdings in Reliance by 1.8% in the 4th quarter. Pure Financial Advisors LLC now owns 9,544 shares of the industrial products company’s stock worth $2,757,000 after purchasing an additional 171 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its position in shares of Reliance by 13.8% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 1,017 shares of the industrial products company’s stock worth $294,000 after acquiring an additional 123 shares during the last quarter. Invesco Ltd. grew its stake in Reliance by 7.9% during the fourth quarter. Invesco Ltd. now owns 192,307 shares of the industrial products company’s stock valued at $55,552,000 after acquiring an additional 14,135 shares in the last quarter. Corient Private Wealth LLC grew its stake in Reliance by 1,018.9% during the fourth quarter. Corient Private Wealth LLC now owns 341,827 shares of the industrial products company’s stock valued at $98,744,000 after acquiring an additional 311,276 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC increased its holdings in Reliance by 7.1% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 8,987 shares of the industrial products company’s stock valued at $2,596,000 after acquiring an additional 596 shares during 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 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. 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 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.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, April 22nd. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.63 by $0.53. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the company earned $3.77 earnings per share. The company’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. As a group, research analysts expect that Reliance, Inc. will post 19.14 earnings per share for the current year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, May 22nd. Reliance’s payout ratio is currently 32.62%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RS. The Goldman Sachs Group initiated coverage on Reliance in a research report on Wednesday, April 1st. They set a “neutral” rating and a $300.00 price objective for the company. Weiss Ratings upgraded Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. 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. Finally, Bank of America cut Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 price objective on the stock. in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $357.83.

Insider Activity at Reliance

In other 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 transaction of $1,253,420.00. Following the completion of the transaction, the chief financial officer directly owned 16,840 shares of the company’s stock, valued at $6,030,740.80. This represents a 17.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is owned by company insiders.

Reliance News Roundup

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

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.