Savant Capital LLC Makes New $1.24 Million Investment in Ball Corporation $BALL

Savant Capital LLC acquired a new stake in Ball Corporation (NYSE:BALL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,059 shares of the company’s stock, valued at approximately $1,237,000.

Several other hedge funds have also made changes to their positions in BALL. JPMorgan Chase & Co. increased its position in Ball by 44.2% in the 1st quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock valued at $416,681,000 after acquiring an additional 2,453,630 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Ball by 548.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,816,827 shares of the company’s stock valued at $101,906,000 after purchasing an additional 1,536,751 shares during the last quarter. Nuveen LLC acquired a new position in shares of Ball in the first quarter valued at approximately $47,606,000. First Manhattan CO. LLC. raised its stake 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 worth $86,088,000 after purchasing an additional 457,230 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Ball by 35.5% during the first quarter. Deutsche Bank AG now owns 1,733,004 shares of the company’s stock worth $90,238,000 after purchasing an additional 454,155 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Down 1.7%

Shares of BALL opened at $46.45 on Thursday. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $63.35. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $12.45 billion, a P/E ratio of 24.07, a PEG ratio of 1.09 and a beta of 1.12. The firm’s 50-day moving average is $48.93 and its two-hundred day moving average is $52.76.

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

Ball Announces Dividend

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

Insider Buying and Selling at Ball

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BALL. UBS Group dropped their price objective on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Citigroup cut their price target on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Wells Fargo & Company reduced their price objective on shares of Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a research report on Wednesday, October 15th. Raymond James Financial started coverage on Ball in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. Finally, Royal Bank Of Canada increased their target price on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.33.

Ball Profile

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.