Verition Fund Management LLC boosted its stake in shares of Ball Corporation (NYSE:BALL – Free Report) by 151.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 308,851 shares of the company’s stock after purchasing an additional 185,890 shares during the quarter. Verition Fund Management LLC’s holdings in Ball were worth $16,360,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of Ball by 47.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after purchasing an additional 1,830,434 shares during the last quarter. Boston Partners grew its position in shares of Ball by 24.2% in the fourth quarter. Boston Partners now owns 4,739,044 shares of the company’s stock valued at $251,057,000 after purchasing an additional 922,747 shares during the last quarter. Invesco Ltd. grew its position in shares of Ball by 14.9% in the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock valued at $234,521,000 after purchasing an additional 602,137 shares during the last quarter. Norges Bank acquired a new stake in shares of Ball in the fourth quarter valued at approximately $178,025,000. Finally, Deutsche Bank AG grew its position in shares of Ball by 58.5% in the fourth quarter. Deutsche Bank AG now owns 2,570,056 shares of the company’s stock valued at $136,136,000 after purchasing an additional 948,473 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BALL has been the topic of several research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Citigroup lowered their price target on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. UBS Group lowered their price target on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Wells Fargo & Company increased their price target on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.54.
Ball Stock Up 0.5%
Shares of NYSE BALL opened at $57.27 on Tuesday. Ball Corporation has a 1 year low of $44.83 and a 1 year high of $68.29. The firm’s 50 day moving average price is $58.36 and its 200 day moving average price is $58.03. The firm has a market cap of $15.25 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12.
Ball (NYSE:BALL – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the business earned $0.76 earnings per share. Ball’s revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts anticipate that Ball Corporation will post 3.99 earnings per share for the current year.
Ball Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. Ball’s dividend payout ratio (DPR) is 23.12%.
Ball Profile
Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.
The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.
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