Amcor plc (NYSE:AMCR) Shares Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC lifted its holdings in shares of Amcor plc (NYSE:AMCR) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,178 shares of the company’s stock after buying an additional 5,139 shares during the quarter. Two Sigma Securities LLC’s holdings in Amcor were worth $293,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Adage Capital Partners GP L.L.C. grew its holdings in Amcor by 33.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,811,344 shares of the company’s stock valued at $17,045,000 after buying an additional 457,327 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Amcor by 0.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,492,625 shares of the company’s stock valued at $117,556,000 after buying an additional 85,978 shares in the last quarter. Dark Forest Capital Management LP grew its holdings in Amcor by 110.7% in the 4th quarter. Dark Forest Capital Management LP now owns 128,894 shares of the company’s stock valued at $1,213,000 after buying an additional 67,731 shares in the last quarter. Optivise Advisory Services LLC purchased a new stake in Amcor in the 4th quarter valued at $99,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Amcor by 8.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 58,297 shares of the company’s stock valued at $549,000 after purchasing an additional 4,329 shares during the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Raymond James began coverage on Amcor in a research note on Tuesday, April 22nd. They issued a “market perform” rating on the stock. Truist Financial decreased their target price on Amcor from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group raised Amcor from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Citigroup raised Amcor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.00 to $12.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amcor currently has an average rating of “Moderate Buy” and a consensus target price of $11.31.

Insider Buying and Selling at Amcor

In related news, Director Achal Agarwal purchased 10,000 shares of Amcor stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the transaction, the director now owns 88,967 shares of the company’s stock, valued at approximately $898,566.70. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Amcor Stock Performance

NYSE:AMCR opened at $9.61 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71. The firm has a market cap of $13.89 billion, a PE ratio of 17.47, a P/E/G ratio of 1.96 and a beta of 0.78. The firm has a 50 day simple moving average of $9.66 and a 200-day simple moving average of $9.95. Amcor plc has a 1-year low of $8.37 and a 1-year high of $11.48.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. Amcor’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. On average, equities analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th were given a $0.1275 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.51 dividend on an annualized basis and a yield of 5.31%. Amcor’s payout ratio is currently 92.73%.

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.