Bain Capital Public Equity Management LLC lowered its position in shares of Ardagh Group SA (NYSE:ARD) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,664 shares of the company’s stock after selling 4,104 shares during the period. Bain Capital Public Equity Management LLC owned 0.29% of Ardagh Group worth $1,132,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of ARD. Bank of New York Mellon Corp lifted its position in Ardagh Group by 20.2% during the third quarter. Bank of New York Mellon Corp now owns 35,348 shares of the company’s stock valued at $756,000 after purchasing an additional 5,945 shares during the last quarter. California State Teachers Retirement System bought a new stake in Ardagh Group during the second quarter valued at approximately $758,000. Mackenzie Financial Corp lifted its position in Ardagh Group by 35.2% during the third quarter. Mackenzie Financial Corp now owns 386,821 shares of the company’s stock valued at $8,282,000 after purchasing an additional 100,708 shares during the last quarter. Balter Liquid Alternatives LLC bought a new stake in Ardagh Group during the fourth quarter valued at approximately $460,000. Finally, Schroder Investment Management Group lifted its position in Ardagh Group by 20.3% during the third quarter. Schroder Investment Management Group now owns 840,504 shares of the company’s stock valued at $17,903,000 after purchasing an additional 141,780 shares during the last quarter. 91.17% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Ardagh Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Ardagh Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Barclays reiterated an “equal weight” rating and set a $21.00 target price (down from $23.00) on shares of Ardagh Group in a research report on Thursday, March 1st. Finally, Wells Fargo & Co lowered shares of Ardagh Group from an “outperform” rating to a “market perform” rating in a research report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.95.
Ardagh Group (NYSE:ARD) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.04. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion. Ardagh Group had a net margin of 0.78% and a negative return on equity of 31.99%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. research analysts predict that Ardagh Group SA will post 1.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, February 27th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.85%. Ardagh Group’s payout ratio is 224.00%.
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About Ardagh Group
Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.
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