Ardagh Metal Packaging S.A. $AMBP Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 46.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,068,046 shares of the company’s stock after acquiring an additional 338,540 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.18% of Ardagh Metal Packaging worth $4,262,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ardagh Metal Packaging by 3,867.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,546,227 shares of the company’s stock valued at $15,178,000 after buying an additional 3,456,833 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Ardagh Metal Packaging by 603.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,357,953 shares of the company’s stock worth $9,408,000 after purchasing an additional 2,022,889 shares in the last quarter. Barclays PLC boosted its stake in shares of Ardagh Metal Packaging by 242.7% during the 3rd quarter. Barclays PLC now owns 1,834,361 shares of the company’s stock worth $7,319,000 after acquiring an additional 1,299,132 shares in the last quarter. Monarch Alternative Capital LP bought a new stake in Ardagh Metal Packaging during the third quarter worth approximately $3,890,000. Finally, Shellback Capital LP bought a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth $4,072,000. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Trading Down 0.4%

NYSE AMBP opened at $4.10 on Friday. The company has a market capitalization of $2.45 billion, a PE ratio of -409.50, a P/E/G ratio of 1.01 and a beta of 0.62. The stock has a 50-day simple moving average of $4.47 and a 200 day simple moving average of $4.09. Ardagh Metal Packaging S.A. has a 12 month low of $2.53 and a 12 month high of $5.03.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 earnings per share. As a group, sell-side analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.8%. The ex-dividend date was Thursday, March 12th. Ardagh Metal Packaging’s payout ratio is -4,000.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley set a $4.30 target price on Ardagh Metal Packaging in a report on Thursday, January 8th. Truist Financial upped their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Wednesday, January 21st. Wells Fargo & Company dropped their price objective on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Friday, March 20th. Finally, UBS Group lifted their price target on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a report on Monday, January 12th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging has an average rating of “Hold” and a consensus target price of $4.51.

Ardagh Metal Packaging Profile

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.