Ball Corporation $BALL Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in Ball Corporation (NYSE:BALL) by 16.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 163,194 shares of the company’s stock after acquiring an additional 22,617 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ball were worth $9,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Ball in the fourth quarter valued at $178,025,000. Dimensional Fund Advisors LP grew its holdings in shares of Ball by 47.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock worth $299,749,000 after purchasing an additional 1,830,434 shares during the last quarter. M&G PLC grew its holdings in shares of Ball by 242.9% during the fourth quarter. M&G PLC now owns 2,326,812 shares of the company’s stock worth $123,321,000 after purchasing an additional 1,648,303 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Ball by 1,465.3% during the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after purchasing an additional 1,230,791 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Ball by 5.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after purchasing an additional 999,690 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BALL shares. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Raymond James Financial set a $73.00 price target on Ball and gave the stock an “outperform” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft began coverage on Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target on the stock. Citigroup decreased their price objective on Ball from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Bank of America increased their price objective on Ball from $70.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.85.

Ball Trading Up 1.4%

NYSE BALL opened at $64.75 on Tuesday. The firm’s fifty day moving average is $58.91 and its two-hundred day moving average is $60.22. Ball Corporation has a one year low of $44.83 and a one year high of $68.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The firm has a market cap of $17.24 billion, a PE ratio of 18.71, a P/E/G ratio of 1.26 and a beta of 0.98.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts expect that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 1.2%. Ball’s dividend payout ratio is currently 23.12%.

Ball Company 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.