Boston Partners Takes Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Boston Partners bought a new position in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 196,815 shares of the company's stock, valued at approximately $592,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dakota Wealth Management lifted its position in shares of Ardagh Metal Packaging by 2.8% during the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock worth $442,000 after acquiring an additional 4,030 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Ardagh Metal Packaging by 15.7% in the fourth quarter. Ieq Capital LLC now owns 39,028 shares of the company's stock valued at $117,000 after acquiring an additional 5,289 shares during the period. Principle Wealth Partners LLC grew its stake in Ardagh Metal Packaging by 13.3% during the fourth quarter. Principle Wealth Partners LLC now owns 56,987 shares of the company's stock valued at $172,000 after acquiring an additional 6,672 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Ardagh Metal Packaging by 14.0% during the 4th quarter. Victory Capital Management Inc. now owns 71,690 shares of the company's stock worth $216,000 after acquiring an additional 8,802 shares during the period. Finally, Fidelis Capital Partners LLC lifted its stake in Ardagh Metal Packaging by 52.9% in the 4th quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company's stock worth $81,000 after purchasing an additional 9,266 shares in the last quarter. Institutional investors own 16.93% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMBP. Morgan Stanley raised shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $3.60 to $3.10 in a report on Monday, January 13th. Bank of America lowered Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. UBS Group dropped their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a research report on Friday, January 10th. Citigroup decreased their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $3.44.

Ardagh Metal Packaging Stock Up 2.6 %

Shares of Ardagh Metal Packaging stock traded up $0.08 during trading on Wednesday, hitting $2.95. 718,009 shares of the stock traded hands, compared to its average volume of 1,434,364. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -24.54, 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. The firm's fifty day moving average is $2.78 and its 200-day moving average is $3.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.14 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. On average, analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently declared 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 is Thursday, March 13th. This represents a $0.40 annualized dividend and a yield of 13.58%. Ardagh Metal Packaging's payout ratio is -800.00%.

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.