Quantinno Capital Management LP Has $5.05 Million Holdings in Amcor plc (NYSE:AMCR)

Quantinno Capital Management LP grew its holdings in Amcor plc (NYSE:AMCR - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 536,208 shares of the company's stock after buying an additional 91,288 shares during the quarter. Quantinno Capital Management LP's holdings in Amcor were worth $5,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Utah Retirement Systems grew its holdings in Amcor by 1.1% during the 4th 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 during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of Amcor by 11.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 13,892 shares of the company's stock worth $131,000 after purchasing an additional 1,409 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Amcor by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 195,714 shares of the company's stock valued at $1,842,000 after purchasing an additional 1,507 shares during the last quarter. Huntington National Bank increased its holdings in shares of Amcor by 52.4% in the fourth quarter. Huntington National Bank now owns 4,426 shares of the company's stock valued at $42,000 after purchasing an additional 1,522 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Amcor by 18.4% in the 4th quarter. Blue Trust Inc. now owns 12,254 shares of the company's stock worth $115,000 after purchasing an additional 1,901 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Amcor Trading Up 0.2%

Shares of NYSE:AMCR traded up $0.02 during midday trading on Thursday, hitting $9.07. The company had a trading volume of 19,931,613 shares, compared to its average volume of 18,617,162. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Amcor plc has a 12 month low of $8.37 and a 12 month high of $11.48. The firm has a fifty day simple moving average of $9.37 and a 200 day simple moving average of $9.75. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.96 and a beta of 0.78.

Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.51 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company's revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. On average, analysts predict that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd will be paid a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, May 22nd. Amcor's payout ratio is presently 91.07%.

Insiders Place Their Bets

In other Amcor news, Director Achal Agarwal purchased 10,000 shares of the stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the acquisition, the director now directly owns 88,967 shares of the company's stock, valued at $898,566.70. The trade was a 12.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

AMCR has been the topic of a number of recent research reports. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Truist Financial decreased their price target on Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James initiated coverage on Amcor in a research report on Tuesday, April 22nd. They issued a "market perform" rating for the company. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Amcor presently has an average rating of "Moderate Buy" and an average target price of $11.31.

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.