Tred Avon Family Wealth LLC Makes New $690,000 Investment in Ardagh Metal Packaging S.A. $AMBP

Tred Avon Family Wealth LLC purchased a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 172,945 shares of the company’s stock, valued at approximately $690,000.

A number of other institutional investors have also modified their holdings of AMBP. AQR Capital Management LLC lifted its stake in Ardagh Metal Packaging by 697.8% during the 1st quarter. AQR Capital Management LLC now owns 317,625 shares of the company’s stock worth $959,000 after acquiring an additional 277,813 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Ardagh Metal Packaging during the first quarter worth about $43,000. Pallas Capital Advisors LLC acquired a new stake in shares of Ardagh Metal Packaging during the second quarter worth about $43,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ardagh Metal Packaging by 56.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,402 shares of the company’s stock worth $119,000 after purchasing an additional 9,487 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of Ardagh Metal Packaging in the second quarter valued at approximately $342,000. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Trading Down 0.5%

Shares of AMBP opened at $4.37 on Monday. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.78. The firm’s fifty day simple moving average is $3.97 and its 200-day simple moving average is $3.92. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -437.00, a PEG ratio of 0.97 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, October 23rd. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.39 billion. Ardagh Metal Packaging had a net margin of 0.30% and a negative return on equity of 58.16%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd were issued a $0.10 dividend. The ex-dividend date was Monday, November 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.2%. Ardagh Metal Packaging’s dividend payout ratio is presently -4,000.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMBP shares. Raymond James Financial began coverage on shares of Ardagh Metal Packaging in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Truist Financial upped their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Wells Fargo & Company reduced their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Morgan Stanley set a $4.30 target price on Ardagh Metal Packaging in a report on Thursday, January 8th. Finally, UBS Group upped their price target on Ardagh Metal Packaging from $4.00 to $4.25 and gave the stock a “neutral” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.51.

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.