Ardagh Metal Packaging S.A. $AMBP Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 31.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,894,210 shares of the company’s stock after buying an additional 699,478 shares during the quarter. Renaissance Technologies LLC’s holdings in Ardagh Metal Packaging were worth $11,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Ardagh Metal Packaging in the 4th quarter valued at about $33,000. Abel Hall LLC purchased a new stake in Ardagh Metal Packaging during the first quarter worth about $42,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Ardagh Metal Packaging by 13,495.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,876 shares of the company’s stock worth $45,000 after purchasing an additional 10,796 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Ardagh Metal Packaging during the second quarter worth about $47,000. Finally, Nations Financial Group Inc. IA ADV purchased a new position in shares of Ardagh Metal Packaging in the first quarter valued at approximately $44,000. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMBP has been the subject of a number of research reports. Citigroup restated a “buy” rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. Wells Fargo & Company increased their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Ardagh Metal Packaging from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, UBS Group upped their price objective on Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.86.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock opened at $4.73 on Friday. The stock has a market cap of $2.83 billion, a PE ratio of 78.90, a P/E/G ratio of 0.92 and a beta of 0.51. The stock’s fifty day moving average is $4.46 and its two-hundred day moving average is $4.35. Ardagh Metal Packaging S.A. has a 1-year low of $3.29 and a 1-year high of $5.43.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%.The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm posted $0.08 EPS. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, research analysts expect that Ardagh Metal Packaging S.A. will post 0.28 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 8.5%. Ardagh Metal Packaging’s payout ratio is presently 666.67%.

Ardagh Metal Packaging Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.