Ball Co. (NYSE:BALL) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Ball Co. (NYSE:BALL) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,374 shares of the company’s stock after selling 15,846 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of Ball worth $27,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new position in shares of Ball in the second quarter valued at approximately $47,000. Quarry LP lifted its holdings in Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after purchasing an additional 815 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Ball by 29.1% during the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock worth $69,000 after buying an additional 228 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Ball in the second quarter valued at about $72,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Price Performance

Shares of BALL opened at $59.98 on Wednesday. The firm has a 50-day simple moving average of $65.00 and a two-hundred day simple moving average of $64.96. The stock has a market cap of $17.90 billion, a PE ratio of 4.52, a P/E/G ratio of 1.48 and a beta of 0.90. Ball Co. has a 1-year low of $48.05 and a 1-year high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82.

Ball (NYSE:BALL) last posted its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm earned $0.83 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts forecast that Ball Co. will post 3.13 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is 6.03%.

Wall Street Analysts Forecast Growth

BALL has been the topic of a number of recent research reports. Truist Financial restated a “buy” rating and set a $78.00 price target (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Wells Fargo & Company cut their price target on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. UBS Group boosted their price objective on Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Ball in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.75.

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.