Trexquant Investment LP Buys Shares of 102,861 Reynolds Consumer Products Inc. $REYN

Key Points

• Trexquant Investment LP has invested approximately $2.45 million to acquire a new position in Reynolds Consumer Products Inc., buying 102,861 shares during the first quarter.
• Reynolds Consumer Products reported a quarterly earnings per share of $0.39, exceeding analysts' expectations of $0.38, with revenue reaching $938 million.
• The company announced a $0.23 quarterly dividend, yielding 3.9%, with a payout ratio of 61.74% and the dividend was paid on August 29th.

Trexquant Investment LP purchased a new position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 102,861 shares of the company's stock, valued at approximately $2,454,000.

Several other hedge funds have also modified their holdings of the company. Landscape Capital Management L.L.C. lifted its position in shares of Reynolds Consumer Products by 145.7% during the 1st quarter. Landscape Capital Management L.L.C. now owns 111,601 shares of the company's stock worth $2,663,000 after purchasing an additional 66,181 shares during the last quarter. Ceredex Value Advisors LLC lifted its stake in Reynolds Consumer Products by 16.5% in the first quarter. Ceredex Value Advisors LLC now owns 545,829 shares of the company's stock valued at $13,023,000 after acquiring an additional 77,469 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Reynolds Consumer Products in the 1st quarter worth about $422,000. Jump Financial LLC bought a new position in shares of Reynolds Consumer Products in the 1st quarter valued at about $432,000. Finally, EntryPoint Capital LLC raised its holdings in Reynolds Consumer Products by 39.9% during the 1st quarter. EntryPoint Capital LLC now owns 31,299 shares of the company's stock worth $747,000 after buying an additional 8,919 shares during the period. 26.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Reynolds Consumer Products

In other news, Director Rolf Stangl bought 4,500 shares of Reynolds Consumer Products stock in a transaction that occurred on Friday, June 20th. The shares were purchased at an average price of $21.24 per share, with a total value of $95,580.00. Following the completion of the acquisition, the director directly owned 30,889 shares in the company, valued at $656,082.36. The trade was a 17.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Duncan Hawkesby acquired 159,506 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average price of $22.99 per share, for a total transaction of $3,667,042.94. Following the completion of the transaction, the director owned 334,092 shares in the company, valued at $7,680,775.08. The trade was a 91.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 235,592 shares of company stock valued at $5,412,482 over the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Reynolds Consumer Products Stock Down 3.0%

Shares of NASDAQ:REYN traded down $0.71 on Monday, reaching $23.09. The company had a trading volume of 393,257 shares, compared to its average volume of 953,752. Reynolds Consumer Products Inc. has a twelve month low of $20.91 and a twelve month high of $32.60. The company has a quick ratio of 0.75, a current ratio of 1.85 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $4.86 billion, a P/E ratio of 15.53 and a beta of 0.61. The stock has a 50-day moving average price of $22.42 and a 200 day moving average price of $22.82.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $938.00 million for the quarter, compared to analyst estimates of $899.05 million. Reynolds Consumer Products had a return on equity of 16.00% and a net margin of 8.44%.The company's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 earnings per share. Reynolds Consumer Products has set its Q3 2025 guidance at 0.370-0.410 EPS. FY 2025 guidance at 1.540-1.610 EPS. On average, equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current year.

Reynolds Consumer Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.23 per share. The ex-dividend date was Friday, August 15th. This represents a $0.92 dividend on an annualized basis and a yield of 4.0%. Reynolds Consumer Products's dividend payout ratio is 61.74%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on REYN shares. Wall Street Zen raised shares of Reynolds Consumer Products from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Barclays increased their target price on Reynolds Consumer Products from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, UBS Group lifted their target price on Reynolds Consumer Products from $23.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.75.

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.