Robeco Institutional Asset Management B.V. Decreases Stock Position in Ball Co. (NYSE:BALL)

Robeco Institutional Asset Management B.V. lessened its position in Ball Co. (NYSE:BALL) by 35.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 260,611 shares of the company’s stock after selling 142,763 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.09% of Ball worth $14,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Everence Capital Management Inc. purchased a new position in shares of Ball in the fourth quarter valued at approximately $774,000. Meeder Asset Management Inc. increased its holdings in shares of Ball by 400.4% in the third quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock valued at $11,048,000 after purchasing an additional 130,175 shares during the last quarter. Hemenway Trust Co LLC increased its holdings in shares of Ball by 46.3% in the third quarter. Hemenway Trust Co LLC now owns 275,083 shares of the company’s stock valued at $18,681,000 after purchasing an additional 87,120 shares during the last quarter. Estate Counselors LLC acquired a new stake in shares of Ball in the third quarter valued at approximately $1,825,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ball by 25.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,984 shares of the company’s stock valued at $6,111,000 after purchasing an additional 18,327 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Analysts Set New Price Targets

BALL has been the subject of several recent research reports. Truist Financial cut their price target on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $49.00 price target (down previously from $56.00) on shares of Ball in a report on Thursday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Ball in a report on Monday, November 4th. Citigroup cut their target price on Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and a consensus price target of $68.17.

Ball Trading Down 0.7 %

BALL opened at $55.64 on Friday. Ball Co. has a 52 week low of $51.96 and a 52 week high of $71.32. The business has a fifty day simple moving average of $56.68 and a 200-day simple moving average of $61.30. The firm has a market cap of $16.61 billion, a P/E ratio of 4.20, a P/E/G ratio of 1.38 and a beta of 0.93. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business posted $0.83 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts expect that Ball Co. will post 3.15 earnings per share for the current year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.20 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.44%. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Ball declared that its board has initiated a share buyback plan on Wednesday, January 29th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 24.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.