Boston Trust Walden Corp Has $1.39 Million Stake in Amcor plc (NYSE:AMCR)

Boston Trust Walden Corp reduced its holdings in Amcor plc (NYSE:AMCR) by 4.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 147,769 shares of the company’s stock after selling 7,151 shares during the quarter. Boston Trust Walden Corp’s holdings in Amcor were worth $1,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Amcor by 275.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,613,469 shares of the company’s stock valued at $74,931,000 after acquiring an additional 4,851,222 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Amcor by 39,411.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,811,600 shares of the company’s stock valued at $31,855,000 after purchasing an additional 2,804,484 shares in the last quarter. M&G PLC raised its holdings in Amcor by 5.9% in the third quarter. M&G PLC now owns 49,940,152 shares of the company’s stock worth $549,342,000 after purchasing an additional 2,775,794 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Amcor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 43,190,458 shares of the company’s stock worth $489,348,000 after purchasing an additional 1,960,308 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Amcor by 94.8% in the 3rd quarter. KBC Group NV now owns 2,940,184 shares of the company’s stock valued at $33,312,000 after buying an additional 1,430,545 shares during the period. 45.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. Bank of America raised Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price target on the stock in a research report on Wednesday, December 11th. UBS Group upgraded Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their target price on shares of Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Finally, Citigroup upgraded shares of Amcor from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $12.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $11.46.

Amcor Stock Performance

Shares of AMCR opened at $10.05 on Wednesday. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.86 and a beta of 0.84. Amcor plc has a 12 month low of $8.78 and a 12 month high of $11.48. The firm has a fifty day simple moving average of $9.78 and a 200 day simple moving average of $10.44. The company has a current ratio of 1.29, a quick ratio of 0.74 and a debt-to-equity ratio of 1.80.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 5.68% and a return on equity of 25.60%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. Research analysts forecast that Amcor plc will post 0.74 EPS for the current fiscal year.

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.