Quantbot Technologies LP Decreases Position in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Quantbot Technologies LP cut its holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 15.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,836 shares of the company’s stock after selling 4,559 shares during the period. Quantbot Technologies LP’s holdings in Reynolds Consumer Products were worth $670,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in REYN. Isthmus Partners LLC increased its stake in shares of Reynolds Consumer Products by 0.6% in the fourth quarter. Isthmus Partners LLC now owns 87,307 shares of the company’s stock worth $2,356,000 after buying an additional 533 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Reynolds Consumer Products by 4.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company’s stock valued at $363,000 after acquiring an additional 566 shares during the period. MML Investors Services LLC raised its stake in shares of Reynolds Consumer Products by 1.3% during the third quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock valued at $1,515,000 after acquiring an additional 641 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Reynolds Consumer Products by 115.2% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after purchasing an additional 698 shares during the period. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Reynolds Consumer Products by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company’s stock worth $443,000 after purchasing an additional 814 shares during the last quarter. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on REYN. Stifel Nicolaus lowered their price target on Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Barclays decreased their target price on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Evercore ISI cut their price target on shares of Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased 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 report on Thursday, January 16th. Finally, UBS Group cut their target price on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.38.

Reynolds Consumer Products Stock Up 1.8 %

REYN opened at $23.82 on Friday. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 14.18 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $25.05 and a 200-day moving average price of $27.39. Reynolds Consumer Products Inc. has a twelve month low of $23.13 and a twelve month high of $32.65.

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

Reynolds Consumer Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.23 per share. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.86%. Reynolds Consumer Products’s payout ratio is currently 54.76%.

Insider Activity at Reynolds Consumer Products

In other news, Director Rolf Stangl acquired 6,000 shares of Reynolds Consumer Products stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of $24.89 per share, with a total value of $149,340.00. Following the completion of the purchase, the director now directly owns 16,889 shares in the company, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by corporate insiders.

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.