Ardagh Group SA (ARD) Stake Lessened by Schroder Investment Management Group

Schroder Investment Management Group lowered its stake in shares of Ardagh Group SA (NYSE:ARD) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,015,124 shares of the company’s stock after selling 9,309 shares during the quarter. Schroder Investment Management Group owned about 0.05% of Ardagh Group worth $16,942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Ardagh Group by 11.3% during the second quarter. BlackRock Inc. now owns 415,230 shares of the company’s stock valued at $6,901,000 after acquiring an additional 42,162 shares in the last quarter. Canyon Capital Advisors LLC boosted its position in Ardagh Group by 0.4% in the second quarter. Canyon Capital Advisors LLC now owns 2,658,756 shares of the company’s stock valued at $44,189,000 after buying an additional 9,500 shares during the last quarter. Citadel Advisors LLC boosted its position in Ardagh Group by 40.9% in the second quarter. Citadel Advisors LLC now owns 824,516 shares of the company’s stock valued at $13,703,000 after buying an additional 239,224 shares during the last quarter. Private Management Group Inc. purchased a new stake in Ardagh Group in the second quarter valued at approximately $2,118,000. Finally, Sei Investments Co. boosted its position in Ardagh Group by 127.6% in the second quarter. Sei Investments Co. now owns 17,659 shares of the company’s stock valued at $294,000 after buying an additional 9,900 shares during the last quarter. Hedge funds and other institutional investors own 89.03% of the company’s stock.

Shares of NYSE ARD opened at $13.01 on Monday. The company has a market capitalization of $242.45 million, a P/E ratio of 7.07 and a beta of 0.92. Ardagh Group SA has a 52 week low of $12.36 and a 52 week high of $21.82.

Ardagh Group (NYSE:ARD) last issued its earnings results on Thursday, October 25th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Ardagh Group had a net margin of 0.94% and a negative return on equity of 30.73%. As a group, equities analysts expect that Ardagh Group SA will post 1.64 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a $0.14 dividend. The ex-dividend date was Thursday, November 15th. This represents a $0.56 dividend on an annualized basis and a yield of 4.30%. Ardagh Group’s dividend payout ratio is currently 7.61%.

ARD has been the topic of a number of recent research reports. Barclays dropped their target price on Ardagh Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research upgraded Ardagh Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Deutsche Bank set a $18.00 target price on Ardagh Group and gave the company a “buy” rating in a research report on Monday, October 29th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $15.30 target price (down previously from $21.00) on shares of Ardagh Group in a research report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $19.22.

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About Ardagh Group

Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.

See Also: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for Ardagh Group (NYSE:ARD)

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