Quantbot Technologies LP Acquires Shares of 29,561 Ball Corporation $BALL

Quantbot Technologies LP acquired a new position in Ball Corporation (NYSE:BALL) in the third quarter, Holdings Channel reports. The institutional investor acquired 29,561 shares of the company’s stock, valued at approximately $1,490,000.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC lifted its holdings 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 valued at $73,000 after acquiring an additional 215 shares during the last quarter. Independent Advisor Alliance lifted its stake in shares of Ball by 2.7% in the 3rd quarter. Independent Advisor Alliance now owns 9,470 shares of the company’s stock valued at $477,000 after purchasing an additional 246 shares during the last quarter. Seeds Investor LLC boosted its holdings in shares of Ball by 4.1% in the 2nd quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock worth $381,000 after purchasing an additional 265 shares during the period. Smith Moore & CO. increased its position in shares of Ball by 2.3% during the 2nd quarter. Smith Moore & CO. now owns 12,249 shares of the company’s stock valued at $687,000 after purchasing an additional 278 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Ball by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 118,213 shares of the company’s stock valued at $5,960,000 after purchasing an additional 296 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the transaction, the senior vice president owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Fauze Villatoro acquired 1,551 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of $64.51 per share, with a total value of $100,055.01. Following the completion of the acquisition, the senior vice president directly owned 13,778 shares of the company’s stock, valued at $888,818.78. This represents a 12.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.81% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BALL shares. Citigroup raised their price target on Ball from $67.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a report on Monday, November 17th. JPMorgan Chase & Co. upped their price target on shares of Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $66.00 price objective on shares of Ball in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a research note on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Ball presently has a consensus rating of “Moderate Buy” and an average price target of $68.46.

Ball Price Performance

Ball stock opened at $63.11 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75. The stock has a market cap of $16.79 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. The firm has a 50-day moving average of $60.24 and a two-hundred day moving average of $53.32. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.29.

Ball (NYSE:BALL) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.12%. The company’s revenue was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts forecast that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, March 2nd. Ball’s dividend payout ratio is currently 24.10%.

About Ball

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.