Impax Asset Management Group plc Acquires 22,244 Shares of Ball Corporation (NYSE:BALL)

Impax Asset Management Group plc lifted its holdings in shares of Ball Corporation (NYSE:BALL - Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 480,660 shares of the company's stock after buying an additional 22,244 shares during the period. Impax Asset Management Group plc owned about 0.17% of Ball worth $25,028,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management grew its position in Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Whipplewood Advisors LLC grew its position in Ball by 764.9% during the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after acquiring an additional 719 shares during the last quarter. Parvin Asset Management LLC bought a new stake in Ball during the 4th quarter worth $70,000. Farther Finance Advisors LLC grew its position in Ball by 51.3% during the 1st quarter. Farther Finance Advisors LLC now owns 1,474 shares of the company's stock worth $77,000 after acquiring an additional 500 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Ball during the 1st quarter worth $83,000. Institutional investors own 86.51% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BALL. Citigroup upped their price target on Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday. Mizuho reduced their price target on Ball from $63.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Truist Financial reduced their price target on Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank Of Canada upped their price target on Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company upped their price target on Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $61.40.

Ball Stock Down 0.2%

Shares of Ball stock traded down $0.13 during trading on Friday, reaching $58.61. 876,958 shares of the company traded hands, compared to its average volume of 2,221,522. The firm has a market capitalization of $16.26 billion, a PE ratio of 34.89, a P/E/G ratio of 1.58 and a beta of 1.08. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $68.12. The company has a 50 day moving average price of $54.14 and a 200-day moving average price of $52.68. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.04 and a quick ratio of 0.70.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts expect that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Monday, June 2nd. Ball's dividend payout ratio (DPR) is currently 47.62%.

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.