Intech Investment Management LLC Purchases 136,673 Shares of Ball Corporation $BALL

Intech Investment Management LLC lifted its position in shares of Ball Corporation (NYSE:BALL) by 75.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 318,962 shares of the company’s stock after acquiring an additional 136,673 shares during the period. Intech Investment Management LLC’s holdings in Ball were worth $17,891,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Ball by 44.2% during the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock valued at $416,681,000 after buying an additional 2,453,630 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Ball by 548.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,816,827 shares of the company’s stock worth $101,906,000 after acquiring an additional 1,536,751 shares in the last quarter. Nuveen LLC purchased a new stake in Ball in the first quarter worth about $47,606,000. ABN Amro Investment Solutions bought a new position in shares of Ball during the second quarter valued at approximately $43,732,000. Finally, First Manhattan CO. LLC. lifted its holdings in shares of Ball by 38.2% during the first quarter. First Manhattan CO. LLC. now owns 1,653,305 shares of the company’s stock valued at $86,088,000 after purchasing an additional 457,230 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho cut their price target on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price target on Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research report on Wednesday, October 15th. Truist Financial cut their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Citigroup reduced their price objective on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ball presently has a consensus rating of “Hold” and a consensus target price of $61.33.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the sale, the chairman owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Ball Trading Down 0.7%

Ball stock opened at $47.60 on Friday. Ball Corporation has a one year low of $43.51 and a one year high of $63.35. The business’s fifty day moving average is $48.81 and its 200 day moving average is $52.71. The stock has a market capitalization of $12.76 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, sell-side analysts predict that Ball Corporation will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.7%. Ball’s dividend payout ratio (DPR) is currently 32.52%.

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.