42,000 Shares in Reynolds Consumer Products Inc. (NASDAQ:REYN) Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. bought a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,000 shares of the company's stock, valued at approximately $1,134,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Reynolds Consumer Products by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 13,107,822 shares of the company's stock worth $351,564,000 after purchasing an additional 182,353 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Reynolds Consumer Products by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 572,862 shares of the company's stock worth $17,816,000 after buying an additional 6,065 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Reynolds Consumer Products in the third quarter worth $12,844,000. Olstein Capital Management L.P. raised its holdings in Reynolds Consumer Products by 43.3% in the fourth quarter. Olstein Capital Management L.P. now owns 237,000 shares of the company's stock valued at $6,397,000 after acquiring an additional 71,624 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. bought a new position in Reynolds Consumer Products during the 3rd quarter valued at $5,731,000. 26.81% of the stock is currently owned by hedge funds and other institutional investors.

Reynolds Consumer Products Stock Performance

REYN traded up $0.53 during trading on Tuesday, reaching $25.28. 470,692 shares of the company were exchanged, compared to its average volume of 601,521. Reynolds Consumer Products Inc. has a 52 week low of $23.61 and a 52 week high of $32.65. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $26.41 and a 200 day moving average of $28.47. The stock has a market cap of $5.31 billion, a P/E ratio of 15.04 and a beta of 0.50.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its earnings results 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, sell-side analysts forecast that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.64%. The ex-dividend date is Friday, February 14th. Reynolds Consumer Products's payout ratio is currently 54.76%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on REYN. Royal Bank of Canada reissued a "sector perform" rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a research report on Monday, February 3rd. Canaccord Genuity Group reduced their target price on Reynolds Consumer Products from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. 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 report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price target on 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. Finally, UBS Group decreased 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 report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Reynolds Consumer Products currently has an average rating of "Hold" and a consensus target price of $30.38.

Insiders Place Their Bets

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

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.