ASR Vermogensbeheer N.V. Raises Position in Ball Corporation $BALL

ASR Vermogensbeheer N.V. raised its position in shares of Ball Corporation (NYSE:BALL) by 652.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 303,600 shares of the company’s stock after acquiring an additional 263,263 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Ball were worth $15,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BALL. Norges Bank purchased a new position in shares of Ball in the 2nd quarter valued at approximately $192,463,000. Robeco Institutional Asset Management B.V. lifted its position 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 valued at $101,906,000 after buying an additional 1,536,751 shares during the period. AQR Capital Management LLC lifted its position in Ball by 1,465.3% during the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after buying an additional 1,230,791 shares during the period. ABN Amro Investment Solutions bought a new stake in shares of Ball during the 2nd quarter valued at $43,732,000. Finally, Bank of America Corp DE grew its position in shares of Ball by 55.1% in the 2nd quarter. Bank of America Corp DE now owns 2,055,094 shares of the company’s stock worth $115,270,000 after buying an additional 730,462 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

Shares of BALL stock opened at $56.11 on Friday. The company has a 50 day moving average price of $50.95 and a 200-day moving average price of $51.94. Ball Corporation has a 52 week low of $43.51 and a 52 week high of $60.28. The firm has a market capitalization of $15.04 billion, a PE ratio of 22.81, a P/E/G ratio of 1.10 and a beta of 1.14. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26.

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

Ball Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, December 1st. Ball’s dividend payout ratio (DPR) is 32.52%.

Wall Street Analysts Forecast Growth

BALL has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Truist Financial lifted their target price on shares of Ball from $65.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. UBS Group boosted their price target on Ball from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Monday, November 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $67.00 price objective on shares of Ball in a research note on Thursday. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Ball presently has a consensus rating of “Moderate Buy” and an average price target of $62.83.

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.