Natixis Advisors L.P. Increases Position in Ball Co. (NYSE:BLL)

Natixis Advisors L.P. boosted its position in Ball Co. (NYSE:BLLGet Rating) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,162 shares of the industrial products company’s stock after purchasing an additional 8,353 shares during the period. Natixis Advisors L.P. owned about 0.06% of Ball worth $17,344,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BLL. AE Wealth Management LLC increased its holdings in shares of Ball by 4.0% in the fourth quarter. AE Wealth Management LLC now owns 52,185 shares of the industrial products company’s stock worth $5,024,000 after purchasing an additional 2,008 shares during the period. Brown Advisory Inc. increased its stake in Ball by 0.8% in the fourth quarter. Brown Advisory Inc. now owns 590,058 shares of the industrial products company’s stock valued at $56,805,000 after acquiring an additional 4,908 shares during the last quarter. National Bank of Canada FI bought a new position in Ball in the fourth quarter valued at $1,299,000. M&T Bank Corp increased its stake in Ball by 0.4% in the fourth quarter. M&T Bank Corp now owns 58,956 shares of the industrial products company’s stock valued at $5,675,000 after acquiring an additional 255 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ball by 8.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 122,189 shares of the industrial products company’s stock valued at $11,763,000 after acquiring an additional 9,845 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Several analysts have commented on the stock. Northland Securities raised their price objective on shares of Ball from $115.00 to $130.00 in a report on Friday, January 28th. BMO Capital Markets raised shares of Ball from a “market perform” rating to an “outperform” rating and raised their price target for the company from $87.00 to $105.00 in a research report on Thursday, March 3rd. Truist Financial boosted their target price on shares of Ball from $100.00 to $105.00 in a research note on Wednesday, January 12th. Zacks Investment Research upgraded shares of Ball from a “sell” rating to a “hold” rating and set a $93.00 target price for the company in a research note on Friday, April 8th. Finally, Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and boosted their target price for the company from $103.00 to $108.00 in a research note on Monday, March 7th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Ball has a consensus rating of “Hold” and a consensus price target of $103.33.

In other Ball news, Director Betty J. Sapp acquired 1,362 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were purchased at an average cost of $85.55 per share, for a total transaction of $116,519.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Nate C. Carey sold 8,563 shares of the stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $91.90, for a total transaction of $786,939.70. The disclosure for this sale can be found here. Insiders acquired a total of 15,862 shares of company stock worth $1,381,499 over the last 90 days. Insiders own 1.40% of the company’s stock.

Ball stock traded down $1.77 during midday trading on Friday, reaching $81.16. The stock had a trading volume of 2,293,052 shares, compared to its average volume of 1,615,948. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 2.10. Ball Co. has a 52-week low of $77.95 and a 52-week high of $98.09. The firm has a market cap of $26.07 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 4.06 and a beta of 0.50. The company has a fifty day moving average of $88.74 and a 200 day moving average of $91.01.

Ball (NYSE:BLLGet Rating) last posted its quarterly earnings data on Thursday, January 27th. The industrial products company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.07. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.54 billion. Ball had a net margin of 6.36% and a return on equity of 31.47%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS. Equities research analysts predict that Ball Co. will post 3.99 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 0.99%. Ball’s dividend payout ratio is currently 30.19%.

About Ball (Get Rating)

Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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