Vanguard Group Inc. boosted its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP – Free Report) by 11.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,065,659 shares of the company’s stock after purchasing an additional 106,206 shares during the quarter. Vanguard Group Inc. owned approximately 0.18% of Ardagh Metal Packaging worth $3,655,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC acquired a new position in shares of Ardagh Metal Packaging in the 4th quarter valued at $46,000. Catalina Capital Group LLC purchased a new stake in Ardagh Metal Packaging during the first quarter valued at about $42,000. Balentine LLC acquired a new stake in Ardagh Metal Packaging during the fourth quarter worth about $64,000. Signaturefd LLC raised its holdings in shares of Ardagh Metal Packaging by 44.9% in the 4th quarter. Signaturefd LLC now owns 21,066 shares of the company’s stock worth $81,000 after purchasing an additional 6,531 shares during the period. Finally, Ieq Capital LLC acquired a new position in shares of Ardagh Metal Packaging in the 4th quarter valued at about $86,000. 16.93% of the stock is currently owned by hedge funds and other institutional investors.
Ardagh Metal Packaging Trading Up 0.6 %
NYSE AMBP opened at $3.38 on Monday. The company’s fifty day simple moving average is $3.52 and its 200-day simple moving average is $3.62. The stock has a market cap of $2.02 billion, a P/E ratio of -24.14, a PEG ratio of 0.76 and a beta of 0.62. Ardagh Metal Packaging S.A. has a 52 week low of $2.57 and a 52 week high of $4.17. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 124.21.
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. Equities research analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.
Ardagh Metal Packaging Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 11.83%. The ex-dividend date of this dividend is Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio is currently -285.71%.
Analysts Set New Price Targets
A number of analysts recently issued reports on AMBP shares. Wells Fargo & Company increased their target price on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Citigroup cut their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Finally, UBS Group cut shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.67.
Get Our Latest Stock Report on AMBP
Ardagh Metal Packaging Company Profile
Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.
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