Universal Beteiligungs und Servicegesellschaft mbH Buys 9,011 Shares of Ball Corporation $BALL

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Ball Corporation (NYSE:BALL) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263,456 shares of the company’s stock after purchasing an additional 9,011 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Ball were worth $13,283,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Ball during the 2nd quarter valued at about $192,463,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of 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 worth $101,906,000 after buying an additional 1,536,751 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Ball by 1,465.3% in the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after acquiring an additional 1,230,791 shares during the last quarter. ABN Amro Investment Solutions bought a new position in shares of Ball in the second quarter valued at approximately $43,732,000. Finally, Bank of America Corp DE boosted its holdings 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 acquiring an additional 730,462 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BALL. Truist Financial raised their price target on Ball from $65.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Raymond James Financial initiated coverage on Ball in a report on Wednesday, October 15th. They set a “market perform” rating on the stock. Citigroup upgraded Ball from a “neutral” rating to a “buy” rating and raised their target price for the company from $54.00 to $67.00 in a research note on Tuesday, January 6th. Wells Fargo & Company upgraded shares of Ball from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $48.00 to $60.00 in a research report on Tuesday, January 6th. Finally, Mizuho lowered their price objective on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Ball currently has an average rating of “Moderate Buy” and an average price target of $62.83.

Ball Trading Up 1.9%

Shares of BALL opened at $57.38 on Friday. The stock’s fifty day simple moving average is $51.86 and its 200-day simple moving average is $51.86. The firm has a market capitalization of $15.38 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $60.28. 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 announced its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Ball had a return on equity of 17.89% and a net margin of 5.36%.The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company earned $0.91 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, research analysts predict that Ball Corporation will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

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

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.