Fidelis Capital Partners LLC Buys 9,266 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Fidelis Capital Partners LLC increased its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 52.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,781 shares of the company’s stock after purchasing an additional 9,266 shares during the period. Fidelis Capital Partners LLC’s holdings in Ardagh Metal Packaging were worth $81,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ieq Capital LLC lifted its holdings in shares of Ardagh Metal Packaging by 15.7% during the 4th quarter. Ieq Capital LLC now owns 39,028 shares of the company’s stock valued at $117,000 after purchasing an additional 5,289 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Ardagh Metal Packaging by 106.7% during the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock valued at $122,000 after purchasing an additional 16,786 shares in the last quarter. Millburn Ridgefield Corp bought a new position in shares of Ardagh Metal Packaging during the 3rd quarter valued at about $124,000. Creative Planning lifted its holdings in shares of Ardagh Metal Packaging by 170.1% during the 3rd quarter. Creative Planning now owns 38,766 shares of the company’s stock valued at $146,000 after purchasing an additional 24,414 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Ardagh Metal Packaging by 17.8% during the 3rd quarter. US Bancorp DE now owns 39,978 shares of the company’s stock valued at $151,000 after purchasing an additional 6,031 shares in the last quarter. Institutional investors own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

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

Ardagh Metal Packaging Stock Up 2.0 %

NYSE:AMBP opened at $2.78 on Thursday. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -23.12, a price-to-earnings-growth ratio of 0.54 and a beta of 0.64. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.26. The stock’s 50 day moving average price is $2.78 and its two-hundred day moving average price is $3.33.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.03 earnings per share 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 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%. As a group, analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business 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. This represents a $0.40 annualized dividend and a dividend yield of 14.41%. The ex-dividend date of this dividend is Thursday, March 13th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -800.00%.

Ardagh Metal Packaging 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.