Northern Trust Corp Cuts Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Northern Trust Corp lowered its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,299,600 shares of the company's stock after selling 142,820 shares during the period. Northern Trust Corp owned about 0.22% of Ardagh Metal Packaging worth $3,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in Ardagh Metal Packaging during the 4th quarter worth about $30,000. Tower Research Capital LLC TRC lifted its position in shares of Ardagh Metal Packaging by 292.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock worth $33,000 after purchasing an additional 8,180 shares during the period. Cibc World Markets Corp bought a new position in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $41,000. Xponance Inc. bought a new position in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $41,000. Finally, Aigen Investment Management LP purchased a new position in Ardagh Metal Packaging during the fourth quarter valued at approximately $42,000. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock traded up $0.07 during mid-day trading on Wednesday, reaching $3.92. 1,667,675 shares of the company were exchanged, compared to its average volume of 1,657,539. The firm has a market cap of $2.34 billion, a P/E ratio of -32.62, a PEG ratio of 0.54 and a beta of 0.51. The business has a fifty day moving average of $3.28 and a 200 day moving average of $3.12. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. Sell-side analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.22%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's payout ratio is -1,000.00%.

Ardagh Metal Packaging Profile

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