Atria Investments Inc Boosts Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Atria Investments Inc boosted its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 14.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,956 shares of the company’s stock after purchasing an additional 1,670 shares during the quarter. Atria Investments Inc’s holdings in Reynolds Consumer Products were worth $350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of REYN. Victory Capital Management Inc. raised its holdings in Reynolds Consumer Products by 14.8% in the 4th quarter. Victory Capital Management Inc. now owns 19,471 shares of the company’s stock worth $526,000 after acquiring an additional 2,508 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Reynolds Consumer Products by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 591,906 shares of the company’s stock worth $15,976,000 after purchasing an additional 19,044 shares in the last quarter. Versor Investments LP raised its stake in shares of Reynolds Consumer Products by 96.7% in the fourth quarter. Versor Investments LP now owns 24,212 shares of the company’s stock worth $653,000 after purchasing an additional 11,900 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Reynolds Consumer Products during the fourth quarter valued at $424,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Reynolds Consumer Products by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,211,805 shares of the company’s stock valued at $32,707,000 after buying an additional 139,576 shares during the last quarter. 26.81% of the stock is currently owned by institutional investors.

Reynolds Consumer Products Stock Up 0.1 %

Shares of REYN stock opened at $23.41 on Monday. The company’s fifty day simple moving average is $25.55 and its two-hundred day simple moving average is $27.85. Reynolds Consumer Products Inc. has a 52 week low of $23.13 and a 52 week high of $32.65. The stock has a market cap of $4.92 billion, a P/E ratio of 13.93 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 2.04 and a debt-to-equity ratio of 0.79.

Reynolds Consumer Products (NASDAQ:REYN) last posted its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share 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%. Analysts predict that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 3.93%. The ex-dividend date of this dividend was Friday, February 14th. Reynolds Consumer Products’s payout ratio is 54.76%.

Insider Buying and Selling

In other news, Director Rolf Stangl acquired 6,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the transaction, the director now directly owns 16,889 shares of the company’s stock, valued at approximately $420,367.21. The trade was a 55.10 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price target on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. Barclays cut their target price on shares of Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Canaccord Genuity Group lowered their price target 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 cut their price objective 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. Finally, Evercore ISI lowered their target price on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating on the stock in a report 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.38.

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.