Public Employees Retirement System of Ohio Makes New Investment in Ardagh Metal Packaging S.A. $AMBP

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Optiver Holding B.V. boosted its stake in shares of Ardagh Metal Packaging by 540.2% in the 1st quarter. Optiver Holding B.V. now owns 7,145 shares of the company’s stock worth $29,000 after buying an additional 6,029 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Ardagh Metal Packaging during the fourth quarter valued at $33,000. Abel Hall LLC purchased a new stake in Ardagh Metal Packaging during the first quarter valued at $42,000. Caitong International Asset Management Co. Ltd lifted its holdings in 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 valued at $45,000 after acquiring an additional 10,796 shares during the period. Finally, Captrust Financial Advisors bought a new position in Ardagh Metal Packaging in the second quarter valued at about $47,000. 16.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMBP. Weiss Ratings upgraded Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. Wells Fargo & Company raised their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Wall Street Zen lowered shares of Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Ardagh Metal Packaging in a report on Thursday, August 20th. They set a “hold” rating and a $5.20 target price for the company. Finally, UBS Group increased their price target on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Ardagh Metal Packaging currently has a consensus rating of “Hold” and an average price target of $4.92.

Ardagh Metal Packaging Trading Down 2.1%

Ardagh Metal Packaging stock opened at $4.79 on Friday. The firm has a 50 day moving average of $4.93 and a 200 day moving average of $4.45. The firm has a market capitalization of $2.87 billion, a price-to-earnings 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 12-month low of $3.29 and a 12-month high of $5.47.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.11 earnings per share for the quarter, beating 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 business 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 earned $0.08 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts predict that Ardagh Metal Packaging S.A. will post 0.28 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Thursday, September 10th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently 666.67%.

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.