New Age Alpha Advisors LLC Buys Shares of 6,099 Reynolds Consumer Products Inc. (NASDAQ:REYN)

New Age Alpha Advisors LLC purchased a new stake in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,099 shares of the company’s stock, valued at approximately $165,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. boosted its position in Reynolds Consumer Products by 115.2% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the company’s stock worth $35,000 after purchasing an additional 698 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Reynolds Consumer Products in the fourth quarter worth approximately $40,000. Farther Finance Advisors LLC grew its position in Reynolds Consumer Products by 667.1% during 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. Point72 Hong Kong Ltd purchased a new stake in Reynolds Consumer Products during the third quarter valued at approximately $90,000. Finally, Venturi Wealth Management LLC raised its position in Reynolds Consumer Products by 36.0% in the fourth quarter. Venturi Wealth Management LLC now owns 3,482 shares of the company’s stock worth $94,000 after acquiring an additional 921 shares during the period. Institutional investors own 26.81% of the company’s stock.

Insider Activity

In other Reynolds Consumer Products news, Director Rolf Stangl bought 6,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the transaction, the director now owns 16,889 shares of the company’s stock, valued at $420,367.21. This represents a 55.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.15% of the company’s stock.

Reynolds Consumer Products Price Performance

Shares of NASDAQ:REYN opened at $23.98 on Thursday. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 14.27 and a beta of 0.56. The firm has a fifty day moving average price of $24.78 and a 200 day moving average price of $27.14. Reynolds Consumer Products Inc. has a fifty-two week low of $23.13 and a fifty-two week high of $32.65. 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 (NASDAQ:REYN) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Reynolds Consumer Products had a net margin of 9.56% and a return on equity of 17.14%. As a group, sell-side analysts expect that Reynolds Consumer Products Inc. will post 1.66 earnings per share for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, February 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.84%. Reynolds Consumer Products’s dividend payout ratio (DPR) is 54.76%.

Wall Street Analyst Weigh In

Several research firms have recently commented on REYN. Evercore ISI reduced their price objective on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price objective on Reynolds Consumer Products from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays cut their price objective on Reynolds Consumer Products from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Canaccord Genuity Group decreased their target price on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.38.

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.