TD Waterhouse Canada Inc. Makes New Investment in Ardagh Metal Packaging S.A. $AMBP

TD Waterhouse Canada Inc. bought a new stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) during the second quarter, Holdings Channel.com reports. The firm bought 107,586 shares of the company’s stock, valued at approximately $505,000.

Other large investors have also modified their holdings of the company. Optiver Holding B.V. grew its holdings in shares of 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 period. Kestra Advisory Services LLC acquired a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth about $33,000. Abel Hall LLC purchased a new stake in Ardagh Metal Packaging in the 1st quarter valued at about $42,000. Dynamic Technology Lab Private Ltd purchased a new stake in Ardagh Metal Packaging in the 1st quarter valued at about $43,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in Ardagh Metal Packaging in the first quarter valued at about $44,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AMBP. UBS Group increased their target price on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Citigroup restated a “buy” rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Wells Fargo & Company boosted their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $4.92.

Ardagh Metal Packaging Trading Down 2.1%

Shares of Ardagh Metal Packaging stock opened at $4.79 on Friday. The company has a fifty day simple moving average of $4.93 and a 200-day simple moving average of $4.45. Ardagh Metal Packaging S.A. has a 12-month low of $3.29 and a 12-month high of $5.47. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 79.93, a PEG ratio of 0.89 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.11 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 analyst estimates of $1.57 billion. During the same period last year, the business earned $0.08 EPS. Ardagh Metal Packaging’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts forecast that Ardagh Metal Packaging S.A. will post 0.28 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company 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. The ex-dividend date is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.3%. Ardagh Metal Packaging’s payout ratio is 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.