Boston Partners Acquires Shares of 196,815 Ardagh Metal Packaging S.A. (NYSE:AMBP)

Boston Partners acquired a new stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 196,815 shares of the company’s stock, valued at approximately $592,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Ardagh Metal Packaging by 195.3% during the third quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company’s stock valued at $743,000 after purchasing an additional 130,264 shares during the period. Allspring Global Investments Holdings LLC raised its position in Ardagh Metal Packaging by 36,067.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 134,183 shares of the company’s stock valued at $399,000 after purchasing an additional 133,812 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter worth approximately $286,000. HighTower Advisors LLC raised its holdings in shares of Ardagh Metal Packaging by 106.7% in the third quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock worth $122,000 after buying an additional 16,786 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Ardagh Metal Packaging by 6.6% in the fourth quarter. Rhumbline Advisers now owns 161,504 shares of the company’s stock worth $486,000 after buying an additional 10,023 shares during the period. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Stock Down 3.1 %

AMBP opened at $2.89 on Friday. The stock’s fifty day moving average is $2.78 and its two-hundred day moving average is $3.27. The company has a market capitalization of $1.73 billion, a P/E ratio of -24.06, a PEG ratio of 0.54 and a beta of 0.63. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. Equities analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 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, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 13.86%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -800.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $3.60 to $3.10 in a report on Monday, January 13th. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. UBS Group reduced their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $3.35 price target (down from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. Finally, Citigroup reduced their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Ardagh Metal Packaging has a consensus rating of “Hold” and a consensus target price of $3.44.

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.