Kestra Private Wealth Services LLC Purchases Shares of 191,472 Ardagh Metal Packaging S.A. $AMBP

Kestra Private Wealth Services LLC acquired a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) in the 4th quarter, HoldingsChannel reports. The fund acquired 191,472 shares of the company’s stock, valued at approximately $785,000.

Several other large investors also recently made changes to their positions in AMBP. CWA Asset Management Group LLC boosted its position in Ardagh Metal Packaging by 107.6% during the 4th quarter. CWA Asset Management Group LLC now owns 500,070 shares of the company’s stock worth $2,050,000 after purchasing an additional 259,230 shares during the period. JPMorgan Chase & Co. raised its position in Ardagh Metal Packaging by 46.4% in the third quarter. JPMorgan Chase & Co. now owns 1,068,046 shares of the company’s stock valued at $4,262,000 after purchasing an additional 338,540 shares during the period. Monarch Alternative Capital LP purchased a new position in Ardagh Metal Packaging in the third quarter valued at about $3,890,000. Citigroup Inc. lifted its stake in shares of Ardagh Metal Packaging by 48.4% during the third quarter. Citigroup Inc. now owns 502,580 shares of the company’s stock worth $2,005,000 after purchasing an additional 164,011 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of Ardagh Metal Packaging during the fourth quarter worth about $984,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Price Performance

Shares of Ardagh Metal Packaging stock opened at $3.94 on Monday. Ardagh Metal Packaging S.A. has a 1-year low of $3.29 and a 1-year high of $5.03. The company has a market capitalization of $2.35 billion, a PE ratio of 16.42, a P/E/G ratio of 0.84 and a beta of 0.54. The business has a 50-day moving average of $4.21 and a 200-day moving average of $4.12.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.05 EPS for the quarter. The business had revenue of $1.50 billion for the quarter. Ardagh Metal Packaging had a negative return on equity of 31.14% and a net margin of 0.19%. On average, equities analysts expect that Ardagh Metal Packaging S.A. will post 0.25 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Thursday, June 11th.

Analyst Upgrades and Downgrades

AMBP has been the subject of a number of recent research reports. UBS Group lowered their target price on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a research note on Friday, April 10th. Morgan Stanley set a $4.30 price target on Ardagh Metal Packaging in a research report on Thursday, January 8th. Truist Financial upped their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Tuesday, January 6th. Wells Fargo & Company lowered 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 research report on Friday, March 20th. Finally, Citigroup dropped their price objective on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.