Robeco Institutional Asset Management B.V. Buys 1,536,751 Shares of Ball Corporation $BALL

Key Points

• Robeco Institutional Asset Management B.V. recently increased its stake in Ball Corporation by 548.7%, owning over 1.8 million shares valued at approximately $101.9 million after purchasing an additional 1.5 million shares.
• Ball Corporation's recent quarterly earnings report showed an EPS of $0.90, surpassing the estimate of $0.87, and its revenue increased by 12.8% year-over-year.
• The company announced a quarterly dividend of $0.20 per share, leading to an annualized dividend of $0.80 and a yield of 1.6%, with a payout ratio of 41.45%.

Robeco Institutional Asset Management B.V. increased its stake in Ball Corporation (NYSE:BALL - Free Report) by 548.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,816,827 shares of the company's stock after purchasing an additional 1,536,751 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.65% of Ball worth $101,906,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BALL. Brighton Jones LLC boosted its stake in shares of Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company's stock worth $289,000 after buying an additional 1,531 shares during the last quarter. Two Sigma Advisers LP boosted its position in Ball by 27.4% in the fourth quarter. Two Sigma Advisers LP now owns 9,300 shares of the company's stock worth $513,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Ball by 5,420.9% during the 1st quarter. GAMMA Investing LLC now owns 200,574 shares of the company's stock valued at $10,444,000 after purchasing an additional 196,941 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of Ball during the 1st quarter valued at about $206,000. Finally, Rhumbline Advisers increased its position in shares of Ball by 7.1% during the 1st quarter. Rhumbline Advisers now owns 601,572 shares of the company's stock valued at $31,324,000 after purchasing an additional 39,721 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Trading Down 0.0%

Shares of Ball stock opened at $50.46 on Friday. Ball Corporation has a fifty-two week low of $43.51 and a fifty-two week high of $67.84. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The company has a market capitalization of $13.73 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.15 and a beta of 1.09. The company has a fifty day moving average of $52.40 and a 200 day moving average of $52.91.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business's revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, sell-side analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball's dividend payout ratio (DPR) is 41.45%.

Analysts Set New Price Targets

A number of research firms recently issued reports on BALL. Truist Financial raised their price objective on shares of Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Bank of America reiterated a "neutral" rating and set a $66.00 price target (down previously from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Mizuho upped their price objective on Ball from $60.00 to $68.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Wells Fargo & Company raised their target price on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, July 18th. Finally, UBS Group boosted their price target on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $64.36.

Insider Transactions at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the sale, the chairman owned 10,036 shares in the company, valued at $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Ball Company 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.

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