Russell Investments Group Ltd. Buys 398,951 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Russell Investments Group Ltd. boosted its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 324.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 522,040 shares of the company’s stock after acquiring an additional 398,951 shares during the period. Russell Investments Group Ltd. owned 0.09% of Ardagh Metal Packaging worth $1,571,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMBP. Larson Financial Group LLC bought a new stake in Ardagh Metal Packaging during the 4th quarter valued at approximately $30,000. Cibc World Markets Corp bought a new stake in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $41,000. Xponance Inc. purchased a new position in shares of Ardagh Metal Packaging in the fourth quarter worth $41,000. Aigen Investment Management LP bought a new position in shares of Ardagh Metal Packaging during the fourth quarter worth $42,000. Finally, Franklin Resources Inc. purchased a new position in Ardagh Metal Packaging during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMBP. Wells Fargo & Company reiterated an “equal weight” rating and issued a $3.35 price target (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. Morgan Stanley upgraded Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $3.60 to $3.10 in a research report on Monday, January 13th. Citigroup reduced their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group dropped their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a report on Friday, January 10th. 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.44.

Ardagh Metal Packaging Trading Up 2.1 %

NYSE:AMBP opened at $2.70 on Friday. The firm has a fifty day simple moving average of $2.81 and a 200-day simple moving average of $3.15. The company has a market capitalization of $1.61 billion, a P/E ratio of -22.46, a PEG ratio of 0.54 and a beta of 0.54. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates 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 forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 14.84%. The ex-dividend date was Thursday, March 13th. Ardagh Metal Packaging’s payout ratio is -800.00%.

About Ardagh Metal Packaging

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.