29,059 Shares in Ball Corporation $BALL Acquired by AlphaQuest LLC

AlphaQuest LLC purchased a new stake in shares of Ball Corporation (NYSE:BALL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,059 shares of the company’s stock, valued at approximately $1,465,000.

Several other institutional investors also recently bought and sold shares of BALL. Norges Bank purchased a new position in shares of Ball in the 2nd quarter valued at $192,463,000. AQR Capital Management LLC increased its holdings in Ball by 1,465.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after purchasing an additional 1,230,791 shares in the last quarter. ABN Amro Investment Solutions purchased a new position in Ball in the second quarter valued at about $43,732,000. Bank of America Corp DE raised its position in Ball by 55.1% in the second quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock valued at $115,270,000 after purchasing an additional 730,462 shares during the period. Finally, Man Group plc lifted its stake in shares of Ball by 221.9% during the second quarter. Man Group plc now owns 517,424 shares of the company’s stock worth $29,022,000 after purchasing an additional 356,672 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BALL. JPMorgan Chase & Co. dropped their target price on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. UBS Group lifted their price objective on shares of Ball from $55.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Raymond James Financial initiated coverage on shares of Ball in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Finally, Morgan Stanley set a $63.00 price target on shares of Ball and gave the stock an “equal weight” rating in a research note on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $62.83.

Ball Stock Up 0.4%

BALL stock opened at $56.77 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $52.72 and a 200-day simple moving average of $51.77. The company has a market capitalization of $15.21 billion, a P/E ratio of 23.08, a PEG ratio of 1.12 and a beta of 1.14. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $60.28.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.32 billion. Ball had a net margin of 5.36% and a return on equity of 17.89%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities research analysts predict that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, March 2nd. Ball’s dividend payout ratio (DPR) is 32.52%.

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.