Robeco Institutional Asset Management B.V. Has $95.94 Million Stock Position in Ball Corporation $BALL

Robeco Institutional Asset Management B.V. grew its position in shares of Ball Corporation (NYSE:BALL) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,902,770 shares of the company’s stock after acquiring an additional 85,943 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.70% of Ball worth $95,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Praxis Investment Management Inc. boosted its holdings in Ball by 1.2% during the second quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock worth $860,000 after purchasing an additional 180 shares during the last quarter. EP Wealth Advisors LLC lifted its position in shares of Ball by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock worth $228,000 after buying an additional 205 shares in the last quarter. Ethic Inc. lifted its position in shares of Ball by 0.6% during the 2nd quarter. Ethic Inc. now owns 34,415 shares of the company’s stock worth $1,941,000 after buying an additional 205 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Ball by 17.6% in the 3rd quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after buying an additional 215 shares during the last quarter. Finally, Seeds Investor LLC grew its holdings in shares of Ball by 4.1% in the second quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock valued at $381,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

NYSE:BALL opened at $54.34 on Wednesday. The company has a market capitalization of $14.56 billion, a P/E ratio of 22.09, a P/E/G ratio of 1.02 and a beta of 1.14. The business has a fifty day simple moving average of $49.75 and a two-hundred day simple moving average of $51.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $60.28.

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

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, December 1st. Ball’s dividend payout ratio (DPR) is currently 32.52%.

Wall Street Analyst Weigh In

A number of analysts recently commented on BALL shares. Citigroup raised Ball from a “neutral” rating to a “buy” rating and increased their price target for the company from $54.00 to $67.00 in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research note on Monday, December 29th. Truist Financial raised their target price on Ball from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their target price on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company raised shares of Ball from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $48.00 to $60.00 in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.

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.