Ritholtz Wealth Management Acquires 1,665 Shares of Reliance, Inc. $RS

Ritholtz Wealth Management raised its stake in shares of Reliance, Inc. (NYSE:RS) by 34.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,442 shares of the industrial products company’s stock after buying an additional 1,665 shares during the period. Ritholtz Wealth Management’s holdings in Reliance were worth $1,809,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Reliance by 6.6% in the 1st quarter. Royal Bank of Canada now owns 15,111 shares of the industrial products company’s stock valued at $4,364,000 after acquiring an additional 940 shares in the last quarter. Empowered Funds LLC raised its position in shares of Reliance by 4.8% in the first quarter. Empowered Funds LLC now owns 5,662 shares of the industrial products company’s stock valued at $1,635,000 after purchasing an additional 258 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Reliance by 99.2% in the first quarter. Geneos Wealth Management Inc. now owns 263 shares of the industrial products company’s stock worth $76,000 after buying an additional 131 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Reliance by 6.2% in the first quarter. Voya Investment Management LLC now owns 10,886 shares of the industrial products company’s stock worth $3,143,000 after buying an additional 633 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of Reliance by 6.5% during the 2nd quarter. Swedbank AB now owns 46,419 shares of the industrial products company’s stock worth $14,571,000 after buying an additional 2,827 shares during the period. Institutional investors own 79.26% of the company’s stock.

Reliance News Roundup

Here are the key news stories impacting Reliance this week:

• Positive Sentiment: Solid company fundamentals for RS — strong liquidity and low leverage (quick ratio ~2.08, current ratio ~4.43, debt/equity ~0.19) support downside protection and give flexibility for capital allocation.
• Positive Sentiment: Existing guidance and recent results keep near-term expectations stable — RS’s latest quarter showed revenue beat but a small EPS miss and management set Q4 EPS guidance of $2.65–$2.85, which helps frame investor expectations.
• Neutral Sentiment: Reliance Industries (RIL, India) reports Q3 revenue up ~10–11%, driven by Jio and oil-to-chemicals; this is positive for RIL but likely neutral for RS. Reliance Industries Q3 revenue rises 10% on digital, oil-to-chemicals growth
• Neutral Sentiment: RIL reports consolidated Q3 net profit ~Rs 18,645 crore and management highlights Jio and O2C strength — market reaction likely contained to RIL-listed instruments. Reliance Q3 Results: Mukesh Ambani’s RIL reports Rs 18,645 Cr profit, Jio and O2C shine
• Neutral Sentiment: Reliance Consumer & Retail units post growth (Consumer Q3 revenue crosses Rs 5,000 Cr; Retail PAT +3% YoY) — supportive for RIL’s consumer story but not directly relevant to RS. Reliance Consumer Q3 Revenue Crosses Rs 5,000 Cr Reliance Retail Q3 Results: PAT Up 3% YoY To Rs 3,551 Crore; Key Highlights Here
• Neutral Sentiment: Analyst/market preview coverage (IPOs, Jio IPO timeline, refining recovery) may drive headline flows into Indian markets — still peripheral for RS investors focused on U.S.-listed industrial exposure. Reliance Q3FY26 results preview: Jio, retail arm IPO, lower Russian oil imports in focus
• Negative Sentiment: Some headlines note RIL’s profit “missed estimates” and questions about one-time items; that can create headline volatility for RIL but is unlikely to materially change fundamentals for Reliance, Inc. (RS). Reliance profit at Rs 18,645 crore misses estimates
• Negative Sentiment: Articles raising larger concerns (e.g., “Rs 1.4L cr shock hits Reliance”) could spark short-term headlines for RIL; for RS investors this is noise unless reporting reveals direct operational ties. Rs 1.4L cr shock hits Reliance: Will Q3 turn the tide?

Insider Buying and Selling

In other news, CEO Karla R. Lewis sold 5,809 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $283.50, for a total transaction of $1,646,851.50. Following the sale, the chief executive officer owned 84,421 shares of the company’s stock, valued at $23,933,353.50. This trade represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stephen Paul Koch sold 3,066 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $283.56, for a total transaction of $869,394.96. Following the completion of the sale, the chief operating officer directly owned 14,021 shares in the company, valued at $3,975,794.76. This represents a 17.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.35% of the stock is currently owned by insiders.

Reliance Price Performance

Shares of RS stock opened at $324.13 on Monday. Reliance, Inc. has a 52 week low of $250.07 and a 52 week high of $347.43. The stock’s fifty day moving average is $288.66 and its 200-day moving average is $291.48. The stock has a market capitalization of $16.95 billion, a PE ratio of 23.69, a PEG ratio of 1.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.08 and a current ratio of 4.43.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $3.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.68 by ($0.04). Reliance had a net margin of 5.23% and a return on equity of 10.37%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the company earned $3.64 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. Reliance has set its Q4 2025 guidance at 2.650-2.85 EPS. Equities research analysts expect that Reliance, Inc. will post 16.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on RS. KeyCorp reiterated an “overweight” rating on shares of Reliance in a report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their price objective on Reliance from $345.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, December 5th. Wells Fargo & Company increased their target price on Reliance from $284.00 to $287.00 and gave the company an “equal weight” rating in a research note on Friday, November 14th. Zacks Research downgraded Reliance from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Finally, BMO Capital Markets reduced their price objective on Reliance from $340.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, October 24th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Reliance has an average rating of “Hold” and an average target price of $317.25.

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.