Amcor plc (NYSE:AMCR) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Amcor plc (NYSE:AMCR) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 550,677 shares of the company’s stock after acquiring an additional 60,049 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Amcor were worth $5,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Larson Financial Group LLC boosted its position in shares of Amcor by 3,410.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock valued at $27,000 after acquiring an additional 2,319 shares during the last quarter. Rise Advisors LLC acquired a new position in Amcor in the 3rd quarter valued at about $35,000. ORG Wealth Partners LLC purchased a new stake in shares of Amcor in the 3rd quarter valued at approximately $35,000. True Wealth Design LLC increased its holdings in shares of Amcor by 3,794.1% during the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock worth $38,000 after buying an additional 3,225 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Amcor by 296.3% in the third quarter. Signaturefd LLC now owns 4,336 shares of the company’s stock valued at $49,000 after acquiring an additional 3,242 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMCR shares. Wells Fargo & Company raised their target price on Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Macquarie upgraded shares of Amcor from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 27th. Truist Financial upgraded shares of Amcor from a “hold” rating to a “buy” rating and upped their price objective for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Finally, Citigroup upgraded shares of Amcor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $11.00 to $12.00 in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amcor currently has a consensus rating of “Moderate Buy” and an average price target of $11.46.

Amcor Stock Down 0.6 %

Shares of NYSE AMCR opened at $9.70 on Monday. Amcor plc has a 12-month low of $8.78 and a 12-month high of $11.48. The stock has a market cap of $14.01 billion, a P/E ratio of 18.29, a PEG ratio of 1.86 and a beta of 0.84. The company has a current ratio of 1.29, a quick ratio of 0.74 and a debt-to-equity ratio of 1.80. The business’s fifty day simple moving average is $9.80 and its 200-day simple moving average is $10.45.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, equities analysts predict that Amcor plc will post 0.74 EPS for the current fiscal year.

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.