Jupiter Topco LLC Invests $1.08 Million in Reliance, Inc. $RS

Posted by Brian Himes on Sep 6th, 2026

Jupiter Topco LLC acquired a new stake in Reliance, Inc. (NYSE:RS – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,899 shares of the industrial products company’s stock, valued at approximately $1,084,000.

Other large investors have also modified their holdings of the company. Costello Asset Management INC purchased a new stake in shares of Reliance in the first quarter valued at approximately $30,000. N.E.W. Advisory Services LLC acquired a new stake in Reliance in the second quarter valued at $37,000. Brown Brothers Harriman & Co. boosted its position in shares of Reliance by 86.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares in the last quarter. Osterweis Capital Management Inc. purchased a new stake in shares of Reliance during the 2nd quarter worth $41,000. Finally, Greenline Wealth Management LLC acquired a new position in shares of Reliance during the 4th quarter worth $32,000. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Stock Up 0.7%

Shares of NYSE RS opened at $401.15 on Friday. Reliance, Inc. has a 12-month low of $260.31 and a 12-month high of $433.02. The company has a market capitalization of $20.48 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.30 and a quick ratio of 2.27. The firm’s 50-day moving average is $396.94 and its two-hundred day moving average is $363.68.

Reliance (NYSE:RS – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 earnings per share for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. Reliance had a net margin of 5.65% and a return on equity of 12.51%. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the company posted $4.43 EPS. The company’s revenue was up 26.5% on a year-over-year basis. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. Equities analysts anticipate that Reliance, Inc. will post 22.23 EPS for the current fiscal year.

Reliance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Reliance’s payout ratio is 29.07%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of Reliance in a research note on Wednesday, July 29th. Zacks Research raised shares of Reliance from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Wells Fargo & Company reduced their price target on shares of Reliance from $398.00 to $391.00 and set an “equal weight” rating for the company in a research report on Monday, August 24th. BMO Capital Markets boosted their price target on Reliance from $390.00 to $415.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Finally, JPMorgan Chase & Co. lowered their price target on Reliance from $378.00 to $376.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $377.50.

Read Our Latest Report on RS

Insiders Place Their Bets

In related news, CFO Arthur Ajemyan sold 2,200 shares of Reliance stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $410.11, for a total transaction of $902,242.00. Following the completion of the sale, the chief financial officer owned 14,640 shares in the company, valued at approximately $6,004,010.40. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP William A. Smith II sold 2,353 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the completion of the transaction, the senior vice president directly owned 19,394 shares of the company’s stock, valued at $8,033,188.74. The trade was a 10.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.40% of the company’s stock.

About Reliance

(Free Report)

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.