Mirova US LLC Sells 97,840 Shares of Ball Corporation $BALL

Mirova US LLC cut its position in shares of Ball Corporation (NYSE:BALL) by 3.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,571,241 shares of the company’s stock after selling 97,840 shares during the period. Ball comprises approximately 1.3% of Mirova US LLC’s investment portfolio, making the stock its 27th biggest holding. Mirova US LLC’s holdings in Ball were worth $129,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton raised its position in Ball by 145.0% during the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after purchasing an additional 306 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Ball in the 2nd quarter valued at $46,000. CYBER HORNET ETFs LLC purchased a new position in shares of Ball in the 2nd quarter valued at approximately $47,000. IFP Advisors Inc boosted its stake in Ball by 103.2% in the 2nd quarter. IFP Advisors Inc now owns 1,142 shares of the company’s stock worth $68,000 after purchasing an additional 580 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Ball by 336.9% in the 2nd quarter. UMB Bank n.a. now owns 1,337 shares of the company’s stock worth $75,000 after purchasing an additional 1,031 shares in the last quarter. Institutional investors own 86.51% of the company’s stock.

Ball Trading Up 0.9%

NYSE:BALL opened at $53.16 on Tuesday. The stock has a fifty day moving average price of $49.28 and a 200 day moving average price of $52.03. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. Ball Corporation has a 12-month low of $43.51 and a 12-month high of $60.28. The firm has a market cap of $14.25 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.13 and a beta of 1.13.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Sell-side analysts anticipate that Ball Corporation will post 3.48 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, December 1st. Ball’s payout ratio is presently 32.52%.

Analyst Ratings Changes

BALL has been the subject of several research reports. UBS Group lowered their price objective on shares of Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Truist Financial reduced their target price on Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Wells Fargo & Company dropped their target price on shares of Ball from $54.00 to $48.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ball in a research note on Monday, December 15th. Finally, Raymond James Financial began coverage on Ball in a research note on Wednesday, October 15th. They issued a “market perform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.92.

Ball Company Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.