Ball Co. (NYSE:BALL) Holdings Raised by Perpetual Ltd

Perpetual Ltd increased its position in shares of Ball Co. (NYSE:BALL) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,313 shares of the company’s stock after purchasing an additional 847 shares during the quarter. Perpetual Ltd’s holdings in Ball were worth $6,853,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its position in shares of Ball by 4.5% during the 3rd quarter. Moors & Cabot Inc. now owns 4,442 shares of the company’s stock valued at $302,000 after purchasing an additional 192 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Ball by 1.2% during the third quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company’s stock valued at $1,147,000 after purchasing an additional 199 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Ball by 2.1% during the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company’s stock worth $556,000 after buying an additional 210 shares in the last quarter. Opal Wealth Advisors LLC grew its position in Ball by 7.6% in the third quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock worth $206,000 after buying an additional 215 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Ball by 2.0% in the third quarter. Empirical Finance LLC now owns 10,969 shares of the company’s stock valued at $745,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BALL shares. UBS Group raised Ball from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $62.00 to $58.00 in a research note on Friday, January 10th. Mizuho upgraded Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a research report on Tuesday, December 10th. Truist Financial cut their price objective on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Citigroup decreased their target price on shares of Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $49.00 price target (down previously from $56.00) on shares of Ball in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.17.

Ball Trading Up 1.4 %

Shares of NYSE:BALL opened at $55.04 on Wednesday. The firm has a fifty day moving average of $57.57 and a two-hundred day moving average of $61.57. 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 Co. has a 12-month low of $51.96 and a 12-month high of $71.32. The firm has a market capitalization of $16.42 billion, a P/E ratio of 4.15, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93.

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

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.