Lombard Odier Asset Management Switzerland SA Buys Shares of 81,095 Ball Corporation $BALL

Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Ball Corporation (NYSE:BALL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 81,095 shares of the company’s stock, valued at approximately $4,296,000.

Several other large investors have also recently modified their holdings of the business. Meridian Wealth Management LLC raised its stake in shares of Ball by 2.7% during the fourth quarter. Meridian Wealth Management LLC now owns 6,295 shares of the company’s stock valued at $333,000 after acquiring an additional 165 shares during the last quarter. Western Wealth Management LLC raised its stake in shares of Ball by 3.2% during the fourth quarter. Western Wealth Management LLC now owns 6,752 shares of the company’s stock valued at $358,000 after acquiring an additional 208 shares during the last quarter. Harbour Investments Inc. raised its stake in shares of Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after acquiring an additional 222 shares during the last quarter. Patton Fund Management Inc. raised its stake in shares of Ball by 5.7% during the fourth quarter. Patton Fund Management Inc. now owns 4,604 shares of the company’s stock valued at $244,000 after acquiring an additional 248 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Ball by 26.4% during the fourth quarter. Hantz Financial Services Inc. now owns 1,529 shares of the company’s stock valued at $81,000 after acquiring an additional 319 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Trading Up 1.4%

Shares of BALL stock opened at $58.17 on Wednesday. The company has a market cap of $15.49 billion, a P/E ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.01. The stock has a 50 day simple moving average of $58.32 and a two-hundred day simple moving average of $58.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. Ball Corporation has a fifty-two week low of $44.83 and a fifty-two week high of $68.29.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. Ball had a return on equity of 18.69% and a net margin of 6.86%.The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts forecast that Ball Corporation will post 3.99 earnings per share for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Ball’s payout ratio is 23.12%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BALL shares. Weiss Ratings downgraded Ball from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company raised their price objective on Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective for the company. UBS Group lowered their price objective on Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, Truist Financial raised their price objective on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and a consensus price target of $69.54.

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.