Compagnie Lombard Odier SCmA Takes Position in Ball Co. (NYSE:BALL)

Compagnie Lombard Odier SCmA acquired a new position in Ball Co. (NYSE:BALL) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 320,978 shares of the company’s stock, valued at approximately $16,713,000.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Ball by 41.2% in the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after purchasing an additional 1,531 shares in the last quarter. Empowered Funds LLC boosted its stake in Ball by 10.9% in the 4th quarter. Empowered Funds LLC now owns 5,577 shares of the company’s stock worth $307,000 after purchasing an additional 546 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Ball by 10.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 17,135 shares of the company’s stock worth $933,000 after purchasing an additional 1,559 shares during the period. Van ECK Associates Corp grew its holdings in Ball by 3,599.7% during the 4th quarter. Van ECK Associates Corp now owns 317,321 shares of the company’s stock valued at $17,494,000 after buying an additional 308,744 shares in the last quarter. Finally, First Merchants Corp increased its position in shares of Ball by 1,335.8% during the fourth quarter. First Merchants Corp now owns 619,205 shares of the company’s stock valued at $34,137,000 after buying an additional 576,078 shares during the period. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

BALL opened at $54.93 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $15.24 billion, a P/E ratio of 4.34, a PEG ratio of 1.24 and a beta of 1.08. The stock has a 50-day moving average price of $51.06 and a 200-day moving average price of $53.05. Ball Co. has a 12-month low of $43.51 and a 12-month high of $68.85.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. Ball had a return on equity of 16.17% and a net margin of 33.98%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Ball’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts predict that Ball Co. will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Monday, June 2nd. Ball’s dividend payout ratio is currently 47.62%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BALL. Wells Fargo & Company upped their target price on shares of Ball from $44.00 to $50.00 and gave the stock an “underweight” rating in a report on Wednesday, May 7th. Mizuho dropped their price objective on Ball from $63.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Loop Capital decreased their target price on Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Royal Bank of Canada raised their price target on Ball from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, Truist Financial cut their price objective on Ball from $65.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.00.

About Ball

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.