Public Employees Retirement System of Ohio Invests $502,000 in Ardagh Metal Packaging S.A. $AMBP

Public Employees Retirement System of Ohio purchased a new position in Ardagh Metal Packaging S.A. (NYSE:AMBP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 105,814 shares of the company’s stock, valued at approximately $502,000.

A number of other large investors also recently bought and sold shares of the business. Arini Captial Management Ltd bought a new position in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $46,109,000. Weiss Asset Management LP boosted its position in shares of Ardagh Metal Packaging by 11,276.2% in the 1st quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock worth $18,291,000 after purchasing an additional 4,476,638 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Ardagh Metal Packaging by 603.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,357,953 shares of the company’s stock worth $9,408,000 after buying an additional 2,022,889 shares during the last quarter. Barclays PLC grew its stake in shares of Ardagh Metal Packaging by 242.7% in the 3rd quarter. Barclays PLC now owns 1,834,361 shares of the company’s stock worth $7,319,000 after buying an additional 1,299,132 shares during the last quarter. Finally, Shellback Capital LP bought a new position in Ardagh Metal Packaging during the 2nd quarter valued at approximately $4,072,000. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $4.79 on Friday. The stock has a market capitalization of $2.87 billion, a P/E ratio of 79.93, a P/E/G ratio of 0.89 and a beta of 0.51. Ardagh Metal Packaging S.A. has a 1-year low of $3.29 and a 1-year high of $5.47. The business has a fifty day moving average price of $4.93 and a 200-day moving average price of $4.45.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 EPS for the quarter, beating 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 company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm posted $0.08 earnings per share. Ardagh Metal Packaging’s revenue was up 17.7% compared to the same quarter last year. As a group, analysts anticipate that Ardagh Metal Packaging S.A. will post 0.28 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, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, September 10th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently 666.67%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMBP. Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. Wall Street Zen downgraded Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Wells Fargo & Company lifted their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Ardagh Metal Packaging in a research note on Thursday, August 20th. They set a “hold” rating and a $5.20 price objective for the company. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $4.92.

Ardagh Metal Packaging Company 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.