Regents Gate Capital LLP Takes $3.08 Million Position in Sonoco Products (NYSE:SON)

Regents Gate Capital LLP acquired a new position in Sonoco Products (NYSE:SON) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 63,118 shares of the industrial products company’s stock, valued at approximately $3,083,000. Sonoco Products comprises approximately 1.2% of Regents Gate Capital LLP’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors have also recently bought and sold shares of SON. Kennebec Savings Bank purchased a new stake in shares of Sonoco Products in the third quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in Sonoco Products in the 3rd quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB purchased a new stake in Sonoco Products in the 3rd quarter worth approximately $71,000. Albion Financial Group UT acquired a new stake in shares of Sonoco Products during the 4th quarter valued at $84,000. Finally, Quantbot Technologies LP purchased a new position in shares of Sonoco Products during the 3rd quarter valued at $111,000. 77.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Robert R. Hill, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $47.95, for a total value of $191,800.00. Following the sale, the director now directly owns 16,065 shares of the company’s stock, valued at approximately $770,316.75. This trade represents a 19.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on SON shares. Wells Fargo & Company cut their price objective on Sonoco Products from $52.00 to $50.00 and set an “underweight” rating for the company in a report on Monday, January 6th. Truist Financial increased their price objective on Sonoco Products from $63.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Robert W. Baird reduced their target price on shares of Sonoco Products from $58.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Bank of America increased their price target on shares of Sonoco Products from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Citigroup reduced their price objective on shares of Sonoco Products from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.17.

Sonoco Products Trading Down 1.6 %

NYSE:SON opened at $46.91 on Monday. The company has a quick ratio of 1.91, a current ratio of 2.36 and a debt-to-equity ratio of 1.74. The company’s 50 day moving average is $49.02 and its 200-day moving average is $51.35. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.76 and a beta of 0.67. Sonoco Products has a 12 month low of $45.93 and a 12 month high of $61.73.

Sonoco Products Profile

Sonoco Products Company, together with its subsidiaries, designs, develops, manufactures, and sells various engineered and sustainable packaging products in North and South America, Europe, Australia, and Asia. The company operates Consumer Packaging and Industrial Paper Packaging segments. The Consumer Packaging segment offers round and shaped rigid paper, steel, and plastic containers; metal and peelable membrane ends, closures, and components; thermoformed plastic trays and enclosures; and high-barrier flexible packaging products.