Allspring Global Investments Holdings LLC Buys New Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Allspring Global Investments Holdings LLC bought a new stake in Ardagh Metal Packaging S.A. (NYSE:AMBPGet Rating) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 751,511 shares of the company’s stock, valued at approximately $3,637,000. Allspring Global Investments Holdings LLC owned about 0.12% of Ardagh Metal Packaging at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Balentine LLC acquired a new position in shares of Ardagh Metal Packaging during the third quarter worth about $107,000. Janney Montgomery Scott LLC lifted its stake in shares of Ardagh Metal Packaging by 3.6% during the third quarter. Janney Montgomery Scott LLC now owns 385,386 shares of the company’s stock worth $1,865,000 after purchasing an additional 13,528 shares in the last quarter. Live Oak Private Wealth LLC lifted its stake in shares of Ardagh Metal Packaging by 1.3% during the third quarter. Live Oak Private Wealth LLC now owns 661,954 shares of the company’s stock worth $3,204,000 after purchasing an additional 8,640 shares in the last quarter. Gilman Hill Asset Management LLC lifted its stake in shares of Ardagh Metal Packaging by 3.4% during the third quarter. Gilman Hill Asset Management LLC now owns 1,418,935 shares of the company’s stock worth $6,868,000 after purchasing an additional 46,065 shares in the last quarter. Finally, Sanders Morris Harris LLC lifted its stake in shares of Ardagh Metal Packaging by 52.2% during the third quarter. Sanders Morris Harris LLC now owns 52,500 shares of the company’s stock worth $255,000 after purchasing an additional 18,000 shares in the last quarter. Institutional investors and hedge funds own 19.04% of the company’s stock.

Ardagh Metal Packaging Stock Down 0.4 %

Shares of Ardagh Metal Packaging stock opened at $5.25 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 6.12. The firm has a market cap of $3.17 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.43 and a beta of 0.53. Ardagh Metal Packaging S.A. has a fifty-two week low of $3.91 and a fifty-two week high of $9.80. The business has a 50-day moving average price of $4.71 and a 200 day moving average price of $5.33.

Ardagh Metal Packaging (NYSE:AMBPGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a return on equity of 59.64% and a net margin of 5.13%. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. On average, sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.35 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 28th. Shareholders of record on Monday, November 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date was Thursday, November 10th. Ardagh Metal Packaging’s payout ratio is 102.56%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMBP. Bank of America upgraded Ardagh Metal Packaging from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $5.60 to $6.00 in a research note on Thursday, December 15th. Deutsche Bank Aktiengesellschaft cut their price target on Ardagh Metal Packaging from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, October 24th. Barclays cut their price target on Ardagh Metal Packaging from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 1st. Royal Bank of Canada cut Ardagh Metal Packaging from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $7.00 to $5.00 in a research note on Friday, October 14th. Finally, Morgan Stanley cut their price target on Ardagh Metal Packaging from $6.50 to $6.30 and set an “equal weight” rating on the stock in a research note on Wednesday, October 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.94.

Ardagh Metal Packaging Profile

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Ardagh Metal Packaging SA supplies 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. The company serves beverage producers.

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Institutional Ownership by Quarter for Ardagh Metal Packaging (NYSE:AMBP)

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