Jump Financial LLC raised its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP – Free Report) by 336.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,901 shares of the company’s stock after buying an additional 70,078 shares during the quarter. Jump Financial LLC’s holdings in Ardagh Metal Packaging were worth $371,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of AMBP. Principal Financial Group Inc. acquired a new position in shares of Ardagh Metal Packaging in the 1st quarter valued at about $87,000. Raymond James & Associates acquired a new position in Ardagh Metal Packaging in the first quarter valued at approximately $391,000. Bank of New York Mellon Corp grew its holdings in shares of Ardagh Metal Packaging by 46.0% during the first quarter. Bank of New York Mellon Corp now owns 277,080 shares of the company’s stock valued at $2,253,000 after purchasing an additional 87,295 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Ardagh Metal Packaging by 3.2% in the 1st quarter. BlackRock Inc. now owns 1,648,566 shares of the company’s stock worth $13,401,000 after purchasing an additional 51,261 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Ardagh Metal Packaging by 101.6% during the 1st quarter. Vanguard Group Inc. now owns 176,472 shares of the company’s stock valued at $1,435,000 after purchasing an additional 88,922 shares during the period. Institutional investors own 17.45% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on AMBP shares. Credit Suisse Group raised their target price on Ardagh Metal Packaging from $6.50 to $8.00 in a research note on Friday, July 7th. Barclays reduced their target price on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, July 31st. Truist Financial assumed coverage on shares of Ardagh Metal Packaging in a research note on Monday, May 15th. They issued a “hold” rating and a $4.00 price target on the stock. Finally, Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $5.00 to $4.00 in a research report on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.33.
Ardagh Metal Packaging Stock Down 1.1 %
Shares of AMBP stock opened at $3.50 on Tuesday. Ardagh Metal Packaging S.A. has a 1 year low of $3.31 and a 1 year high of $6.86. The company has a debt-to-equity ratio of 13.04, a quick ratio of 0.72 and a current ratio of 1.11. The business’s fifty day moving average is $3.70 and its 200-day moving average is $4.12. The stock has a market cap of $2.09 billion, a PE ratio of 44.01, a price-to-earnings-growth ratio of 4.51 and a beta of 0.68.
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last released its earnings results on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Ardagh Metal Packaging had a return on equity of 29.71% and a net margin of 1.49%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. Ardagh Metal Packaging’s revenue was down 3.7% on a year-over-year basis. Equities analysts expect that Ardagh Metal Packaging S.A. will post 0.19 earnings per share for the current fiscal year.
Ardagh Metal Packaging Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.40 annualized dividend and a dividend yield of 11.43%. Ardagh Metal Packaging’s dividend payout ratio is currently 500.06%.
About Ardagh Metal Packaging
Ardagh Metal Packaging SA, together with its subsidiaries, supplies 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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