Robeco Institutional Asset Management B.V. Buys 79,344 Shares of Amcor PLC $AMCR

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Amcor PLC by 10.2%, acquiring an additional 79,344 shares during the second quarter, now holding a total of 860,888 shares worth approximately $7.9 million.
• Insider activity includes Director Stephen E. Sterrett purchasing 10,000 shares at an average price of $8.55, representing a significant investment increase.
• Amcor recently reported quarterly earnings of $0.20 EPS, missing estimates, with a quarterly revenue of $5.08 billion, falling short of the expected $5.18 billion.

Robeco Institutional Asset Management B.V. grew its stake in Amcor PLC (NYSE:AMCR - Free Report) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 860,888 shares of the company's stock after acquiring an additional 79,344 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Amcor worth $7,912,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Rakuten Securities Inc. raised its holdings in Amcor by 18,725.0% in the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after purchasing an additional 2,996 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Amcor by 839.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock valued at $28,000 after buying an additional 2,704 shares in the last quarter. HM Payson & Co. purchased a new position in shares of Amcor in the 1st quarter worth approximately $30,000. Brentview Investment Management LLC bought a new position in shares of Amcor during the 1st quarter worth approximately $31,000. Finally, Adirondack Trust Co. purchased a new stake in Amcor during the second quarter valued at approximately $29,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the purchase, the director owned 10,000 shares of the company's stock, valued at approximately $85,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company's stock.

Amcor Trading Down 0.8%

Shares of NYSE:AMCR opened at $8.17 on Monday. The business has a 50-day moving average price of $8.67 and a 200-day moving average price of $9.10. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.07 and a beta of 0.73. Amcor PLC has a 52-week low of $7.90 and a 52-week high of $11.46. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the company posted $0.21 EPS. Amcor's quarterly revenue was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Equities analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, September 5th. Amcor's dividend payout ratio is presently 141.67%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMCR shares. The Goldman Sachs Group assumed coverage on shares of Amcor in a report on Wednesday, September 10th. They issued a "buy" rating on the stock. Royal Bank Of Canada began coverage on Amcor in a research note on Monday, September 22nd. They set a "sector perform" rating on the stock. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Robert W. Baird cut their price objective on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Amcor in a research report on Friday, September 19th. They issued an "overweight" rating and a $10.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.21.

About Amcor

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.

Want to see what other hedge funds are holding AMCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amcor PLC (NYSE:AMCR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.