Assenagon Asset Management S.A. grew its position in Ball Co. (NYSE:BALL – Free Report) by 82.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,027 shares of the company’s stock after purchasing an additional 11,282 shares during the period. Assenagon Asset Management S.A.’s holdings in Ball were worth $1,380,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in Ball by 18.0% during the 2nd quarter. Renaissance Technologies LLC now owns 126,322 shares of the company’s stock valued at $7,582,000 after purchasing an additional 19,300 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Ball by 36.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,590 shares of the company’s stock worth $155,000 after purchasing an additional 698 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of Ball during the second quarter worth $396,000. ProShare Advisors LLC increased its stake in shares of Ball by 6.4% in the second quarter. ProShare Advisors LLC now owns 51,466 shares of the company’s stock valued at $3,089,000 after buying an additional 3,081 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after buying an additional 815 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on BALL. Citigroup decreased their price target on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Mizuho upgraded Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research report on Tuesday, December 10th. Truist Financial dropped their target price on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley decreased their price target on Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, UBS Group raised Ball from a “sell” rating to a “neutral” rating and dropped their price objective for the stock from $62.00 to $58.00 in a report on Friday, January 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Ball has a consensus rating of “Moderate Buy” and a consensus price target of $68.17.
Ball Stock Performance
NYSE:BALL opened at $55.20 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $57.30 and a 200 day simple moving average of $61.48. Ball Co. has a 1-year low of $51.96 and a 1-year high of $71.32. The stock has a market cap of $16.47 billion, a P/E ratio of 4.16, a PEG ratio of 1.37 and a beta of 0.93.
Ball (NYSE:BALL – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $3.13 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Research analysts anticipate that Ball Co. will post 3.15 earnings per share for the current year.
About Ball
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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