Dynamic Technology Lab Private Ltd Lowers Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

Dynamic Technology Lab Private Ltd reduced its position in shares of Reynolds Consumer Products Inc. (NASDAQ:REYN) by 72.5% during the 4th quarter, HoldingsChannel reports. The firm owned 7,515 shares of the company’s stock after selling 19,847 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Reynolds Consumer Products were worth $203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Isthmus Partners LLC increased its stake in shares of Reynolds Consumer Products by 0.6% during the fourth quarter. Isthmus Partners LLC now owns 87,307 shares of the company’s stock valued at $2,356,000 after buying an additional 533 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Reynolds Consumer Products by 4.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,432 shares of the company’s stock worth $363,000 after acquiring an additional 566 shares in the last quarter. MML Investors Services LLC increased its position in Reynolds Consumer Products by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 48,700 shares of the company’s stock valued at $1,515,000 after purchasing an additional 641 shares during the period. Blue Trust Inc. lifted its position in shares of Reynolds Consumer Products by 115.2% in the 4th 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 period. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Reynolds Consumer Products by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 16,419 shares of the company’s stock worth $443,000 after purchasing an additional 814 shares during the period. 26.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Rolf Stangl acquired 6,000 shares of Reynolds Consumer Products stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $149,340.00. Following the completion of the purchase, the director now directly owns 16,889 shares in the company, valued at $420,367.21. This trade represents a 55.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by company insiders.

Reynolds Consumer Products Price Performance

Shares of NASDAQ REYN opened at $23.90 on Friday. Reynolds Consumer Products Inc. has a fifty-two week low of $21.90 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. The company has a market cap of $5.03 billion, a PE ratio of 14.23 and a beta of 0.64. The business has a 50-day simple moving average of $23.99 and a two-hundred day simple moving average of $26.66.

Reynolds Consumer Products (NASDAQ:REYN) last released its earnings results on Wednesday, February 5th. The company reported $0.58 earnings per share for the quarter, hitting 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, equities analysts expect that Reynolds Consumer Products Inc. will post 1.66 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Friday, February 14th. Reynolds Consumer Products’s payout ratio is 54.76%.

Wall Street Analysts Forecast Growth

REYN has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of Reynolds Consumer Products from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Evercore ISI reduced their price target on Reynolds Consumer Products from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on Reynolds Consumer Products from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday. Stifel Nicolaus reduced their target price on shares of Reynolds Consumer Products from $31.00 to $27.00 and set a “hold” rating for the company in a report on Thursday. Finally, Canaccord Genuity Group decreased their price target on shares of Reynolds Consumer Products from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.38.

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.