Ardagh Metal Packaging (NYSE:AMBP) Sees Strong Trading Volume – Here’s What Happened

Ardagh Metal Packaging S.A. (NYSE:AMBP) saw an uptick in trading volume on Monday . 1,850,850 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 1,627,962 shares.The stock last traded at $4.9050 and had previously closed at $4.78.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Friday. Citigroup reissued a “buy” rating on shares of Ardagh Metal Packaging in a research report on Friday. UBS Group lifted their price target on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Friday. Wall Street Zen raised shares of Ardagh Metal Packaging from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Wells Fargo & Company boosted their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.86.

Ardagh Metal Packaging Stock Performance

The stock’s fifty day moving average is $4.41 and its two-hundred day moving average is $4.34. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 86.95, a price-to-earnings-growth ratio of 0.94 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.28 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, September 10th. Ardagh Metal Packaging’s payout ratio is presently 666.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. increased its holdings in Ardagh Metal Packaging by 540.2% during the 1st quarter. Optiver Holding B.V. now owns 7,145 shares of the company’s stock worth $29,000 after purchasing an additional 6,029 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth approximately $33,000. Pallas Capital Advisors LLC acquired a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth approximately $42,000. Abel Hall LLC bought a new stake in shares of Ardagh Metal Packaging in the first quarter worth $42,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Ardagh Metal Packaging by 13,495.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,876 shares of the company’s stock worth $45,000 after buying an additional 10,796 shares during the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

About Ardagh Metal Packaging

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.