Ardagh Metal Packaging S.A. $AMBP Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 28.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,269,861 shares of the company’s stock after acquiring an additional 722,974 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Ardagh Metal Packaging were worth $13,243,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of Ardagh Metal Packaging in the 4th quarter valued at approximately $33,000. Pallas Capital Advisors LLC purchased a new position in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $42,000. Abel Hall LLC purchased a new position in shares of Ardagh Metal Packaging during the 1st quarter worth approximately $42,000. Dynamic Technology Lab Private Ltd acquired a new stake in Ardagh Metal Packaging in the 1st quarter valued at approximately $43,000. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in Ardagh Metal Packaging in the 1st quarter valued at approximately $44,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Price Performance

NYSE AMBP opened at $4.73 on Friday. The firm’s fifty day moving average price is $4.46 and its 200 day moving average price is $4.35. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 78.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.51. Ardagh Metal Packaging S.A. has a 12 month low of $3.29 and a 12 month high of $5.43.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, July 23rd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%.The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned $0.08 EPS. The business’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.28 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Thursday, September 10th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is 666.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Ardagh Metal Packaging from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. Wells Fargo & Company raised their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. UBS Group lifted their target price on Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Ardagh Metal Packaging presently has an average rating of “Hold” and an average target price of $4.86.

About Ardagh Metal Packaging

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two?piece and three?piece cans, a variety of can ends and closures, and value?added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.