16,857 Amcor PLC $AMCR Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Amcor PLC (NYSE:AMCR) by 178.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,293 shares of the company’s stock after purchasing an additional 16,857 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Amcor were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMCR. Abel Hall LLC lifted its holdings in shares of Amcor by 6.2% in the third quarter. Abel Hall LLC now owns 9,582 shares of the company’s stock worth $401,000 after buying an additional 561 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of Amcor during the third quarter worth $844,000. IFP Advisors Inc boosted its position in shares of Amcor by 134.7% during the third quarter. IFP Advisors Inc now owns 1,875 shares of the company’s stock worth $78,000 after acquiring an additional 1,076 shares during the last quarter. AlphaStar Capital Management LLC boosted its position in shares of Amcor by 15.1% during the third quarter. AlphaStar Capital Management LLC now owns 13,172 shares of the company’s stock worth $551,000 after acquiring an additional 1,731 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Amcor by 10.1% during the third quarter. Vontobel Holding Ltd. now owns 5,846 shares of the company’s stock valued at $245,000 after acquiring an additional 536 shares in the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMCR has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Amcor from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, August 14th. Jefferies Financial Group set a $44.92 price objective on Amcor and gave the company a “hold” rating in a research report on Tuesday, July 21st. Bank of America lifted their target price on Amcor from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. UBS Group assumed coverage on Amcor in a report on Tuesday, August 11th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Amcor in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.36.

Amcor Stock Performance

NYSE:AMCR opened at $46.21 on Tuesday. The firm has a market capitalization of $21.36 billion, a PE ratio of 11.53, a PEG ratio of 2.88 and a beta of 0.58. The stock’s fifty day moving average is $44.04 and its 200 day moving average is $42.97. Amcor PLC has a fifty-two week low of $36.25 and a fifty-two week high of $50.94. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.76 and a current ratio of 1.25.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Thursday, August 13th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.19 by $0.04. Amcor had a net margin of 4.71% and a return on equity of 15.92%. The company had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the previous year, the firm earned $0.20 earnings per share. Amcor’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Amcor PLC will post 1.83 earnings per share for the current year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Friday, September 4th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Friday, September 4th. Amcor’s dividend payout ratio (DPR) is 110.17%.

Amcor Company Profile

Amcor plc (NYSE: AMCR) is a global packaging company that develops and produces packaging solutions for food, beverage, pharmaceutical, medical, personal care, household, and other consumer and industrial products. Its offerings include flexible packaging, rigid containers, closures, bottles, specialty cartons, and related packaging systems designed to protect products, support supply chains, and improve convenience and sustainability.

The company serves customers across North America, Latin America, Europe, Asia-Pacific, and other international markets.