GSA Capital Partners LLP Boosts Stake in Ball Co. (NYSE:BALL)

GSA Capital Partners LLP grew its stake in shares of Ball Co. (NYSE:BALL) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,519 shares of the company’s stock after buying an additional 608 shares during the quarter. GSA Capital Partners LLP’s holdings in Ball were worth $646,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Federated Hermes Inc. grew its holdings in shares of Ball by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company’s stock valued at $1,137,000 after purchasing an additional 162 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Ball by 2.0% during the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company’s stock valued at $525,000 after purchasing an additional 174 shares during the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Ball by 17.0% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company’s stock valued at $77,000 after purchasing an additional 186 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings in shares of Ball by 7.6% during the 3rd quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the company’s stock valued at $206,000 after purchasing an additional 215 shares during the last quarter. Finally, Castleview Partners LLC grew its holdings in shares of Ball by 9.7% during the 3rd quarter. Castleview Partners LLC now owns 2,501 shares of the company’s stock valued at $170,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 86.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on BALL. Truist Financial reaffirmed a “buy” rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Wednesday, August 14th. UBS Group raised their price target on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Finally, Mizuho cut their price target on shares of Ball from $69.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average target price of $70.75.

Ball Trading Down 0.1 %

Shares of BALL opened at $60.86 on Tuesday. Ball Co. has a 1-year low of $51.65 and a 1-year high of $71.32. The firm has a market capitalization of $18.16 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 1.53 and a beta of 0.90. The firm’s 50-day moving average price is $64.44 and its 200-day moving average price is $64.53. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last issued its quarterly earnings results 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 net margin of 34.05% and a return on equity of 17.46%. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the company posted $0.83 EPS. Ball’s revenue was down .9% on a year-over-year basis. Sell-side analysts anticipate that Ball Co. will post 3.15 EPS for the current year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.31%. Ball’s dividend payout ratio (DPR) is currently 6.03%.

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.