Trexquant Investment LP Makes New $501,000 Investment in Ball Corporation $BALL

Key Points

• Trexquant Investment LP has made a new investment in Ball Corporation, acquiring 9,623 shares worth approximately $501,000 during the first quarter.
• Ball Corporation's recent earnings report showed a 12.8% increase in revenue year-over-year, with earnings per share of $0.90, surpassing analysts' expectations of $0.87.
• The company has declared a quarterly dividend of $0.20 per share, reflecting an annualized dividend yield of 1.6% with a payout ratio of 41.45%.

Trexquant Investment LP purchased a new position in Ball Corporation (NYSE:BALL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,623 shares of the company's stock, valued at approximately $501,000.

Several other institutional investors have also recently made changes to their positions in BALL. Cary Street Partners Investment Advisory LLC purchased a new position in Ball in the first quarter valued at $32,000. Strengthening Families & Communities LLC grew its position in shares of Ball by 72.4% in the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after purchasing an additional 297 shares during the period. SVB Wealth LLC acquired a new position in Ball during the first quarter worth about $39,000. Whipplewood Advisors LLC boosted its position in Ball by 764.9% during the first 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. Finally, Federated Hermes Inc. grew its stake in shares of Ball by 40.4% in the 1st quarter. Federated Hermes Inc. now owns 1,311 shares of the company's stock valued at $68,000 after buying an additional 377 shares during the period. Hedge funds and other institutional investors own 86.51% of the company's stock.

Ball Price Performance

Ball stock opened at $50.94 on Tuesday. Ball Corporation has a 1 year low of $43.51 and a 1 year high of $68.12. The firm has a 50 day moving average price of $55.55 and a 200 day moving average price of $53.22. The company has a market cap of $13.86 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 1.16 and a beta of 1.06. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00.

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

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.80 annualized dividend and a yield of 1.6%. Ball's dividend payout ratio is currently 41.45%.

Insider Transactions at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the business's stock in a transaction 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 completion of the sale, the chairman owned 10,036 shares in the company, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BALL shares. Barclays cut their price objective on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Bank of America reissued a "neutral" rating and issued a $66.00 price objective (down from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Citigroup increased their target price on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Wells Fargo & Company upped their price objective on Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday, July 18th. Finally, UBS Group raised their target price on shares of Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 9th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $65.27.

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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