American Trust Purchases 1,032 Shares of Pactiv Evergreen Inc. (NASDAQ:PTVE)

American Trust raised its position in shares of Pactiv Evergreen Inc. (NASDAQ:PTVEGet Rating) by 9.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,630 shares of the company’s stock after acquiring an additional 1,032 shares during the quarter. American Trust’s holdings in Pactiv Evergreen were worth $117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its holdings in Pactiv Evergreen by 270.0% during the first quarter. Bank of America Corp DE now owns 111,831 shares of the company’s stock valued at $1,125,000 after purchasing an additional 81,607 shares during the period. Advisors Asset Management Inc. bought a new position in Pactiv Evergreen during the first quarter valued at $1,624,000. Quantbot Technologies LP bought a new position in Pactiv Evergreen during the first quarter valued at $30,000. Goldman Sachs Group Inc. grew its holdings in Pactiv Evergreen by 1,000.2% during the first quarter. Goldman Sachs Group Inc. now owns 205,023 shares of the company’s stock valued at $2,062,000 after purchasing an additional 186,388 shares during the period. Finally, Clearline Capital LP bought a new position in Pactiv Evergreen during the first quarter valued at $1,635,000. 22.04% of the stock is owned by institutional investors.

Pactiv Evergreen Trading Up 0.6 %

Shares of PTVE stock opened at $9.80 on Tuesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.09 and a current ratio of 2.20. Pactiv Evergreen Inc. has a 52-week low of $8.71 and a 52-week high of $15.53. The company has a market capitalization of $1.74 billion, a PE ratio of 12.10 and a beta of 1.26. The business’s fifty day moving average is $10.75 and its 200 day moving average is $10.24.

Pactiv Evergreen (NASDAQ:PTVEGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.20. Pactiv Evergreen had a return on equity of 18.89% and a net margin of 2.43%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.69 billion. On average, equities research analysts anticipate that Pactiv Evergreen Inc. will post 0.79 EPS for the current fiscal year.

Pactiv Evergreen Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.10 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.08%. Pactiv Evergreen’s dividend payout ratio (DPR) is presently 49.38%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PTVE shares. Robert W. Baird raised their price target on Pactiv Evergreen to $11.00 in a report on Tuesday, August 9th. Citigroup raised their price target on Pactiv Evergreen to $12.00 in a report on Monday, August 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Pactiv Evergreen Profile

(Get Rating)

Pactiv Evergreen Inc manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in North America. It operates through three segments: Foodservice, Food Merchandising, and Beverage Merchandising. The Foodservice segment offers food containers, hot and cold cups, lids, dinnerware, tableware, service ware, and other products.

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Institutional Ownership by Quarter for Pactiv Evergreen (NASDAQ:PTVE)

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