Capital World Investors Has $14.19 Million Holdings in Ardagh Group SA (ARD)
Capital World Investors boosted its holdings in shares of Ardagh Group SA (NYSE:ARD) by 142.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 850,000 shares of the company’s stock after purchasing an additional 500,000 shares during the quarter. Capital World Investors owned approximately 4.56% of Ardagh Group worth $14,187,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Canyon Capital Advisors LLC increased its holdings in Ardagh Group by 0.4% during the 2nd quarter. Canyon Capital Advisors LLC now owns 2,658,756 shares of the company’s stock worth $44,189,000 after purchasing an additional 9,500 shares during the last quarter. Citadel Advisors LLC increased its holdings in Ardagh Group by 40.9% during the 2nd quarter. Citadel Advisors LLC now owns 824,516 shares of the company’s stock worth $13,703,000 after purchasing an additional 239,224 shares during the last quarter. BlackRock Inc. increased its holdings in Ardagh Group by 11.3% during the 2nd quarter. BlackRock Inc. now owns 415,230 shares of the company’s stock worth $6,901,000 after purchasing an additional 42,162 shares during the last quarter. Credit Suisse AG purchased a new stake in Ardagh Group during the 3rd quarter worth approximately $2,572,000. Finally, Private Management Group Inc. purchased a new stake in Ardagh Group during the 2nd quarter worth approximately $2,118,000. Institutional investors own 89.03% of the company’s stock.
Several equities research analysts have issued reports on ARD shares. Barclays dropped their price objective on Ardagh Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, October 29th. Credit Suisse Group restated a “neutral” rating and set a $15.30 price objective (down from $21.00) on shares of Ardagh Group in a report on Monday, November 12th. Zacks Investment Research lowered Ardagh Group from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. Finally, Deutsche Bank set a $18.00 target price on Ardagh Group and gave the stock a “buy” rating in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.22.
Ardagh Group (NYSE:ARD) last issued its earnings results on Thursday, October 25th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.32 billion. Ardagh Group had a negative return on equity of 30.73% and a net margin of 0.94%. Research analysts expect that Ardagh Group SA will post 1.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.56 annualized dividend and a dividend yield of 4.98%. Ardagh Group’s payout ratio is 7.61%.
Ardagh Group Company Profile
Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.
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