US Bancorp DE Has $151,000 Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

US Bancorp DE lifted its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 17.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,978 shares of the company’s stock after buying an additional 6,031 shares during the quarter. US Bancorp DE’s holdings in Ardagh Metal Packaging were worth $151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. King Street Capital Management L.P. bought a new stake in shares of Ardagh Metal Packaging during the second quarter worth $14,790,000. Squarepoint Ops LLC grew its position in shares of Ardagh Metal Packaging by 523.8% during the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock worth $10,568,000 after buying an additional 2,446,997 shares during the period. Sona Asset Management US LLC bought a new stake in shares of Ardagh Metal Packaging during the first quarter worth approximately $4,288,000. Renaissance Technologies LLC raised its position in shares of Ardagh Metal Packaging by 48.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after acquiring an additional 433,700 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Ardagh Metal Packaging by 422.4% during the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock valued at $1,085,000 after acquiring an additional 258,067 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on AMBP. Citigroup upped their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Bank of America raised Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and upped their price target for the company from $3.80 to $5.10 in a research note on Thursday, October 17th. Finally, Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus target price of $4.08.

Ardagh Metal Packaging Trading Down 1.1 %

NYSE AMBP opened at $3.62 on Friday. Ardagh Metal Packaging S.A. has a one year low of $3.16 and a one year high of $4.26. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The firm has a market cap of $2.16 billion, a P/E ratio of -30.17, a P/E/G ratio of 0.91 and a beta of 0.62. The stock’s 50-day moving average is $3.75 and its 200-day moving average is $3.70.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a $0.10 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 11.05%. Ardagh Metal Packaging’s dividend payout ratio is currently -333.33%.

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.