Fidelis Capital Partners LLC Purchases New Position in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Fidelis Capital Partners LLC purchased a new stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 11,918 shares of the company’s stock, valued at approximately $46,000.

A number of other large investors have also added to or reduced their stakes in AMBP. UBS Group AG grew its holdings in shares of Ardagh Metal Packaging by 43.1% in the second quarter. UBS Group AG now owns 6,028 shares of the company’s stock valued at $37,000 after purchasing an additional 1,815 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Ardagh Metal Packaging by 0.7% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 435,522 shares of the company’s stock worth $1,363,000 after acquiring an additional 2,915 shares during the last quarter. MetLife Investment Management LLC raised its position in Ardagh Metal Packaging by 66.8% during the second quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock valued at $32,000 after purchasing an additional 3,359 shares during the period. Greenwich Wealth Management LLC raised its position in Ardagh Metal Packaging by 29.7% during the third quarter. Greenwich Wealth Management LLC now owns 14,780 shares of the company’s stock valued at $46,000 after purchasing an additional 3,388 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Ardagh Metal Packaging by 55.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,033 shares of the company’s stock valued at $82,000 after purchasing an additional 6,094 shares during the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Up 1.2 %

NYSE AMBP opened at $3.49 on Friday. Ardagh Metal Packaging S.A. has a 12 month low of $2.57 and a 12 month high of $4.29. The company’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.53. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. Ardagh Metal Packaging’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share. As a group, sell-side analysts expect that Ardagh Metal Packaging S.A. will post 0.18 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date of this dividend was Tuesday, March 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMBP. Wells Fargo & Company boosted their target price on Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Morgan Stanley started coverage on shares of Ardagh Metal Packaging in a research note on Monday, March 18th. They issued an “underweight” rating and a $3.20 target price on the stock. Bank of America cut shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $4.10 to $3.50 in a research note on Monday, April 1st. Truist Financial reiterated a “hold” rating and set a $3.00 price target (down from $4.00) on shares of Ardagh Metal Packaging in a report on Monday, February 26th. Finally, Barclays downgraded shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective for the company. in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.31.

About Ardagh Metal Packaging

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.