Compass Wealth Management LLC Sells 21,250 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Compass Wealth Management LLC trimmed its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 91.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,975 shares of the company’s stock after selling 21,250 shares during the period. Compass Wealth Management LLC’s holdings in Reynolds Consumer Products were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. ARGA Investment Management LP bought a new position in shares of Reynolds Consumer Products during the 3rd quarter worth $751,000. Sei Investments Co. lifted its holdings in Reynolds Consumer Products by 18.5% during the second quarter. Sei Investments Co. now owns 612,775 shares of the company’s stock valued at $17,146,000 after purchasing an additional 95,469 shares during the last quarter. Barclays PLC boosted its position in Reynolds Consumer Products by 173.9% during the third quarter. Barclays PLC now owns 63,121 shares of the company’s stock worth $1,963,000 after purchasing an additional 40,075 shares during the period. AQR Capital Management LLC increased its stake in shares of Reynolds Consumer Products by 122.7% in the second quarter. AQR Capital Management LLC now owns 1,557,835 shares of the company’s stock worth $43,588,000 after purchasing an additional 858,419 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Reynolds Consumer Products in the third quarter valued at approximately $4,397,000. 26.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on REYN shares. JPMorgan Chase & Co. cut their price objective on shares of Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Barclays cut their price target on Reynolds Consumer Products from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, UBS Group decreased their price objective on Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Reynolds Consumer Products presently has an average rating of “Hold” and an average target price of $30.86.

Reynolds Consumer Products Stock Down 0.5 %

REYN opened at $27.50 on Friday. The firm has a market capitalization of $5.78 billion, a P/E ratio of 15.71 and a beta of 0.50. Reynolds Consumer Products Inc. has a one year low of $25.88 and a one year high of $32.65. The company has a fifty day moving average price of $27.33 and a 200-day moving average price of $28.76. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.04 and a quick ratio of 0.89.

Reynolds Consumer Products (NASDAQ:REYN) last announced its earnings results on Wednesday, October 30th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Reynolds Consumer Products had a return on equity of 18.27% and a net margin of 10.03%. The business had revenue of $910.00 million during the quarter, compared to the consensus estimate of $902.88 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. Reynolds Consumer Products’s revenue was down 2.7% compared to the same quarter last year. Equities research analysts expect that Reynolds Consumer Products Inc. will post 1.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Rolf Stangl acquired 3,682 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $27.50 per share, for a total transaction of $101,255.00. Following the acquisition, the director now owns 10,889 shares of the company’s stock, valued at $299,447.50. This trade represents a 51.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Helen Golding acquired 1,190 shares of Reynolds Consumer Products stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $27.58 per share, for a total transaction of $32,820.20. Following the completion of the transaction, the director now directly owns 1,190 shares in the company, valued at approximately $32,820.20. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 12,079 shares of company stock worth $330,466. Insiders own 0.20% of the company’s stock.

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.