Reynolds Consumer Products Inc. (NASDAQ:REYN) Shares Purchased by Versor Investments LP

Versor Investments LP lifted its position in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 96.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,212 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Covestor Ltd lifted its stake in shares of Reynolds Consumer Products by 14.8% in the 3rd quarter. Covestor Ltd now owns 4,564 shares of the company’s stock valued at $142,000 after purchasing an additional 588 shares during the period. MML Investors Services LLC lifted its stake in shares of Reynolds Consumer Products by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock valued at $1,515,000 after purchasing an additional 641 shares during the period. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 698 shares during the period. Kestra Private Wealth Services LLC lifted its stake in shares of Reynolds Consumer Products by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company’s stock valued at $443,000 after purchasing an additional 814 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in Reynolds Consumer Products by 0.6% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 135,425 shares of the company’s stock worth $4,212,000 after acquiring an additional 845 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on REYN shares. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price objective on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Evercore ISI reduced their price objective on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group reduced their price objective on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research 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. According to data from MarketBeat.com, Reynolds Consumer Products presently has an average rating of “Hold” and a consensus target price of $30.38.

Insider Activity at Reynolds Consumer Products

In related news, Director Rolf Stangl bought 3,682 shares of the stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $27.50 per share, with a total value of $101,255.00. Following the completion of the purchase, the director now directly owns 10,889 shares in the company, valued at $299,447.50. This represents a 51.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

Reynolds Consumer Products Price Performance

Reynolds Consumer Products stock opened at $24.48 on Friday. 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 company has a fifty day simple moving average of $26.18 and a 200-day simple moving average of $28.35. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 14.57 and a beta of 0.50.

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

Reynolds Consumer Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, February 14th. Reynolds Consumer Products’s dividend payout ratio is currently 54.76%.

About Reynolds Consumer Products

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.