Versor Investments LP Boosts Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Versor Investments LP boosted its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 96.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,212 shares of the company’s stock after buying an additional 11,900 shares during the period. Versor Investments LP’s holdings in Reynolds Consumer Products were worth $653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in Reynolds Consumer Products in the 3rd quarter valued at $29,000. Blue Trust Inc. grew its position in Reynolds Consumer Products by 115.2% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock valued at $35,000 after buying an additional 698 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in Reynolds Consumer Products in the 4th quarter valued at $40,000. Capital Performance Advisors LLP purchased a new position in Reynolds Consumer Products in the 3rd quarter valued at $70,000. Finally, Venturi Wealth Management LLC grew its position in Reynolds Consumer Products by 93.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,561 shares of the company’s stock valued at $80,000 after buying an additional 1,239 shares during the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $24.89 per share, with a total value of $149,340.00. Following the purchase, the director now owns 16,889 shares of the company’s stock, valued at $420,367.21. This trade represents a 55.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. UBS Group reduced their target price on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group reduced their target price on Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Evercore ISI reduced their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Finally, Stifel Nicolaus reduced their target price on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.38.

Reynolds Consumer Products Trading Up 0.3 %

NASDAQ:REYN opened at $24.48 on Friday. The company has a market capitalization of $5.14 billion, a PE ratio of 14.57 and a beta of 0.50. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. Reynolds Consumer Products Inc. has a 52-week low of $23.61 and a 52-week high of $32.65. The stock has a fifty day simple moving average of $26.18 and a 200-day simple moving average of $28.35.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Reynolds Consumer Products had a return on equity of 17.14% and a net margin of 9.56%. On average, equities research analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio (DPR) is presently 54.76%.

Reynolds Consumer Products Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.