100,232 Shares in Amcor PLC (NYSE:AMCR) Acquired by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. purchased 100,232 shares of Amcor PLC (NYSE:AMCR) in the first quarter, valued at approximately $972,000.
• Several institutional investors have adjusted their stakes in Amcor, with Rakuten Securities Inc. increasing its stake significantly by 18,725% during the same period.
• Analysts have given Amcor a consensus rating of "Moderate Buy" and a target price of $11.51, reflecting overall positive sentiment around the stock.

ASR Vermogensbeheer N.V. acquired a new position in Amcor PLC (NYSE:AMCR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 100,232 shares of the company's stock, valued at approximately $972,000.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in Amcor by 20.0% during the first quarter. UMB Bank n.a. now owns 6,386 shares of the company's stock worth $62,000 after acquiring an additional 1,066 shares in the last quarter. AlphaStar Capital Management LLC boosted its stake in Amcor by 2.4% during the first quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company's stock worth $490,000 after acquiring an additional 1,185 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in Amcor by 10.1% during the first quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company's stock worth $132,000 after acquiring an additional 1,252 shares in the last quarter. Virtue Capital Management LLC boosted its stake in Amcor by 2.8% during the fourth quarter. Virtue Capital Management LLC now owns 45,924 shares of the company's stock worth $432,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in Amcor by 1.1% during the fourth quarter. Utah Retirement Systems now owns 120,076 shares of the company's stock worth $1,130,000 after acquiring an additional 1,300 shares in the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Trading Down 11.8%

Shares of AMCR stock traded down $1.18 during trading hours on Thursday, reaching $8.77. 93,195,917 shares of the stock were exchanged, compared to its average volume of 29,085,387. Amcor PLC has a 12-month low of $8.37 and a 12-month high of $11.48. The company's 50-day moving average price is $9.44 and its 200-day moving average price is $9.53. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 2.24.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Amcor had a net margin of 5.99% and a return on equity of 26.49%. During the same quarter in the prior year, the business posted $0.21 EPS. The business's revenue for the quarter was up 43.8% compared to the same quarter last year. As a group, equities analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Truist Financial set a $11.00 target price on shares of Amcor and gave the stock a "buy" rating in a research note on Friday, July 11th. Jefferies Financial Group assumed coverage on shares of Amcor in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 target price on the stock. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Finally, Raymond James Financial assumed coverage on shares of Amcor in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Amcor presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.58.

Amcor Company Profile

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.