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

Ceredex Value Advisors LLC lifted its stake in shares of 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 SEC. The institutional investor owned 468,360 shares of the company's stock after buying an additional 172,136 shares during the period. Ceredex Value Advisors LLC owned about 0.22% of Reynolds Consumer Products worth $12,641,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its stake 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 valued at $35,000 after purchasing an additional 698 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Reynolds Consumer Products during the 4th quarter worth approximately $40,000. Farther Finance Advisors LLC increased its position in Reynolds Consumer Products by 667.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after acquiring an additional 2,248 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Reynolds Consumer Products by 36.0% during the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company's stock valued at $94,000 after acquiring an additional 921 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Reynolds Consumer Products in the fourth quarter worth $165,000. Institutional investors and hedge funds own 26.81% of the company's stock.

Insider Activity at Reynolds Consumer Products

In other Reynolds Consumer Products news, Director Rolf Stangl acquired 6,000 shares of Reynolds Consumer Products stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the purchase, the director now directly owns 16,889 shares of the company's stock, valued at $420,367.21. This trade represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.15% of the stock is currently owned by company insiders.

Reynolds Consumer Products Stock Up 1.0 %

Shares of Reynolds Consumer Products stock traded up $0.24 on Tuesday, hitting $23.89. The company had a trading volume of 97,976 shares, compared to its average volume of 600,800. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 14.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.99 and a current ratio of 2.04. Reynolds Consumer Products Inc. has a 1 year low of $21.90 and a 1 year high of $32.65. The stock has a 50 day moving average of $23.82 and a 200-day moving average of $26.34.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued 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%. As a group, sell-side analysts forecast that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current year.

Reynolds Consumer Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.23 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.85%. Reynolds Consumer Products's payout ratio is presently 54.76%.

Wall Street Analyst Weigh In

REYN has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $32.00 target price on shares of Reynolds Consumer Products in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of Reynolds Consumer Products from $26.00 to $24.00 and set a "neutral" rating for the company in a report on Friday, April 11th. UBS Group decreased their price objective on shares of Reynolds Consumer Products from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Barclays cut their price target on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Evercore ISI cut their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently 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.