Asset Management One Co. Ltd. Has $1.92 Million Stock Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Asset Management One Co. Ltd. trimmed its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 17.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 80,346 shares of the company's stock after selling 16,785 shares during the period. Asset Management One Co. Ltd.'s holdings in Reynolds Consumer Products were worth $1,917,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP raised its holdings in Reynolds Consumer Products by 187.0% during the 4th quarter. Quarry LP now owns 2,531 shares of the company's stock worth $68,000 after purchasing an additional 1,649 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Reynolds Consumer Products by 38.1% in the 1st quarter. Versant Capital Management Inc now owns 2,543 shares of the company's stock valued at $61,000 after purchasing an additional 701 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Reynolds Consumer Products by 667.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,585 shares of the company's stock valued at $70,000 after buying an additional 2,248 shares during the period. New Age Alpha Advisors LLC bought a new position in Reynolds Consumer Products in the fourth quarter valued at approximately $165,000. Finally, Deutsche Bank AG boosted its stake in Reynolds Consumer Products by 35.8% in the fourth quarter. Deutsche Bank AG now owns 7,247 shares of the company's stock valued at $196,000 after acquiring an additional 1,910 shares during the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Rolf Stangl bought 4,500 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of $21.24 per share, for a total transaction of $95,580.00. Following the purchase, the director now owns 30,889 shares of the company's stock, valued at approximately $656,082.36. This trade represents a 17.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Chris Mayrhofer purchased 5,048 shares of the stock in a transaction on Friday, May 30th. The shares were acquired at an average cost of $21.99 per share, for a total transaction of $111,005.52. Following the transaction, the chief accounting officer now owns 23,266 shares of the company's stock, valued at approximately $511,619.34. The trade was a 27.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 34,766 shares of company stock valued at $765,632 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Reynolds Consumer Products Trading Up 0.1%

REYN opened at $21.30 on Monday. The company has a current ratio of 1.80, a quick ratio of 0.72 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $4.48 billion, a P/E ratio of 13.31 and a beta of 0.58. The firm's fifty day simple moving average is $22.38 and its 200 day simple moving average is $24.26. Reynolds Consumer Products Inc. has a 12 month low of $20.91 and a 12 month high of $32.65.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. Reynolds Consumer Products had a net margin of 9.11% and a return on equity of 16.87%. The company had revenue of $801.00 million for the quarter, compared to the consensus estimate of $821.99 million. During the same period last year, the company earned $0.23 earnings per share. The firm's revenue was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.23 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.92 dividend on an annualized basis and a yield of 4.32%. Reynolds Consumer Products's dividend payout ratio is 57.50%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on REYN. Royal Bank Of Canada reiterated a "sector perform" rating and set a $30.00 target price on shares of Reynolds Consumer Products in a research report on Monday, April 28th. Canaccord Genuity Group cut their target price on Reynolds Consumer Products from $27.00 to $26.00 and set a "hold" rating on the stock in a research note on Thursday, May 1st. Truist Financial reduced their target price on Reynolds Consumer Products from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. UBS Group decreased their target price on Reynolds Consumer Products from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus cut their price target on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $28.33.

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.

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