Seizert Capital Partners LLC Sells 1,267 Shares of Reynolds Consumer Products Inc. (NASDAQ:REYN)

Seizert Capital Partners LLC decreased its stake in Reynolds Consumer Products Inc. (NASDAQ:REYN) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 59,278 shares of the company’s stock after selling 1,267 shares during the quarter. Seizert Capital Partners LLC’s holdings in Reynolds Consumer Products were worth $1,600,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Atria Investments Inc lifted its stake in Reynolds Consumer Products by 14.8% in the 4th quarter. Atria Investments Inc now owns 12,956 shares of the company’s stock valued at $350,000 after purchasing an additional 1,670 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 valued at $526,000 after purchasing an additional 2,508 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $15,976,000 after purchasing an additional 19,044 shares during the last quarter. Versor Investments LP lifted its stake in Reynolds Consumer Products by 96.7% in the 4th quarter. Versor Investments LP now owns 24,212 shares of the company’s stock valued at $653,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Reynolds Consumer Products in the 4th quarter valued at about $424,000. Institutional investors own 26.81% of the company’s stock.

Analyst Ratings Changes

REYN has been the subject of several recent analyst reports. Evercore ISI cut their target price on shares of 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 target price on shares of Reynolds Consumer Products in a research note on Monday, February 3rd. 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 research report on Thursday, January 16th. Stifel Nicolaus cut their price objective on shares of Reynolds Consumer Products from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Finally, UBS Group cut 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 report on Thursday, January 16th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.38.

Reynolds Consumer Products Stock Down 3.2 %

NASDAQ REYN opened at $23.86 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 0.99 and a debt-to-equity ratio of 0.79. Reynolds Consumer Products Inc. has a 1-year low of $23.61 and a 1-year high of $32.65. The company has a 50 day moving average of $26.06 and a 200-day moving average of $28.24. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 14.20 and a beta of 0.56.

Reynolds Consumer Products (NASDAQ:REYN) last released its quarterly 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%. On average, equities research 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.86%. Reynolds Consumer Products’s payout ratio is 54.76%.

Insider Activity

In other news, Director Rolf Stangl acquired 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $24.89 per share, with a total value of $149,340.00. Following the completion of the purchase, the director now directly owns 16,889 shares of the company’s stock, valued at $420,367.21. The trade was a 55.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

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.