Ceredex Value Advisors LLC Purchases 172,136 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Ceredex Value Advisors LLC lifted its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 58.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,360 shares of the company's stock after buying an additional 172,136 shares during the quarter. Ceredex Value Advisors LLC owned about 0.22% of Reynolds Consumer Products worth $12,641,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in REYN. Blue Trust Inc. grew its position 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 acquiring an additional 698 shares during the period. Eagle Bay Advisors LLC acquired a new stake in Reynolds Consumer Products in the 4th quarter valued at about $40,000. Farther Finance Advisors LLC grew its holdings in Reynolds Consumer Products by 667.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock worth $70,000 after purchasing an additional 2,248 shares during the period. Venturi Wealth Management LLC increased its position in Reynolds Consumer Products by 36.0% during the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock worth $94,000 after buying an additional 921 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Reynolds Consumer Products in the fourth quarter valued at approximately $165,000. 26.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Rolf Stangl purchased 6,000 shares of Reynolds Consumer Products stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the purchase, the director now owns 16,889 shares in the company, valued at approximately $420,367.21. This trade represents a 55.10 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.15% of the company's stock.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN traded up $0.55 during midday trading on Friday, reaching $23.65. The company's stock had a trading volume of 601,692 shares, compared to its average volume of 602,801. The company has a market cap of $4.97 billion, a P/E ratio of 14.08 and a beta of 0.64. Reynolds Consumer Products Inc. has a fifty-two week low of $21.90 and a fifty-two week high of $32.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. The business's 50 day moving average price is $23.83 and its two-hundred day moving average price is $26.41.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, meeting 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, analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 3.89%. The ex-dividend date of this dividend was Friday, February 14th. Reynolds Consumer Products's dividend payout ratio is presently 54.76%.

Analyst Ratings Changes

Several research analysts have recently commented on REYN shares. Barclays reduced their target price on Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Stifel Nicolaus decreased their price objective on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. UBS Group reduced their target price on shares of Reynolds Consumer Products from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Thursday. 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. Finally, Canaccord Genuity Group lowered their target price on Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Reynolds Consumer Products presently has an average rating of "Hold" and an average target price of $29.00.

Reynolds Consumer Products Company 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.