Gilman Hill Asset Management LLC Purchases 115,415 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Gilman Hill Asset Management LLC boosted its holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,760,835 shares of the company’s stock after purchasing an additional 115,415 shares during the quarter. Ardagh Metal Packaging comprises approximately 1.3% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Gilman Hill Asset Management LLC owned about 0.29% of Ardagh Metal Packaging worth $6,762,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC raised its stake in Ardagh Metal Packaging by 66.8% in the 2nd quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock valued at $32,000 after acquiring an additional 3,359 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Ardagh Metal Packaging by 1,715.1% during the second quarter. Quadrant Capital Group LLC now owns 8,767 shares of the company’s stock valued at $33,000 after acquiring an additional 8,284 shares in the last quarter. UBS Group AG raised its holdings in shares of Ardagh Metal Packaging by 43.1% during the second quarter. UBS Group AG now owns 6,028 shares of the company’s stock valued at $37,000 after acquiring an additional 1,815 shares in the last quarter. Wedmont Private Capital bought a new position in Ardagh Metal Packaging in the fourth quarter worth $39,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Ardagh Metal Packaging by 2,026.7% in the fourth quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company’s stock worth $41,000 after acquiring an additional 8,046 shares during the last quarter. 17.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMBP has been the topic of several research reports. Wells Fargo & Company dropped their target price on Ardagh Metal Packaging from $4.00 to $3.70 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Truist Financial reissued a “hold” rating and set a $3.00 price target (down previously from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. UBS Group initiated coverage on Ardagh Metal Packaging in a research note on Tuesday, January 16th. They set a “buy” rating and a $5.00 price objective for the company. Morgan Stanley assumed coverage on Ardagh Metal Packaging in a research note on Monday. They issued an “underweight” rating and a $3.20 price target for the company. Finally, Barclays lowered Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 target price on the stock. in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ardagh Metal Packaging presently has an average rating of “Hold” and a consensus target price of $4.36.

Ardagh Metal Packaging Stock Performance

NYSE AMBP traded down $0.09 on Monday, hitting $3.38. 858,127 shares of the company’s stock were exchanged, compared to its average volume of 1,063,885. The company has a debt-to-equity ratio of 34.34, a current ratio of 0.99 and a quick ratio of 0.68. The firm’s 50-day moving average price is $3.60 and its two-hundred day moving average price is $3.51. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.57 and a fifty-two week high of $4.29. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -28.33, a P/E/G ratio of 0.63 and a beta of 0.73.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $0.05 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts expect that Ardagh Metal Packaging S.A. will post 0.19 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 11.83%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.33%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies 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.