Janus Henderson Group PLC Sells 174,180 Shares of Ball Corporation $BALL

Janus Henderson Group PLC cut its stake in Ball Corporation (NYSE:BALL) by 18.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 767,269 shares of the company’s stock after selling 174,180 shares during the quarter. Janus Henderson Group PLC’s holdings in Ball were worth $45,352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Ball by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after purchasing an additional 999,690 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Ball by 3.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after buying an additional 266,238 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Ball by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock valued at $354,605,000 after buying an additional 340,677 shares in the last quarter. Boston Partners increased its position in shares of Ball by 24.2% during the fourth quarter. Boston Partners now owns 4,739,044 shares of the company’s stock valued at $251,057,000 after buying an additional 922,747 shares during the period. Finally, Invesco Ltd. increased its position in shares of Ball by 14.9% during the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock valued at $234,521,000 after buying an additional 602,137 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Up 0.1%

BALL stock opened at $64.97 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $59.68 and its 200 day moving average is $60.53. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 1.28 and a beta of 0.98. Ball Corporation has a 1-year low of $44.83 and a 1-year high of $68.29.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. Ball had a net margin of 6.86% and a return on equity of 18.69%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the firm posted $0.76 earnings per share. Ball’s quarterly revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts predict that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Ball’s dividend payout ratio (DPR) is 23.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BALL. JPMorgan Chase & Co. upgraded shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price objective for the company in a research report on Monday, May 18th. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Wells Fargo & Company upped their target price on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. UBS Group lowered their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Finally, Citigroup cut their price target on shares of Ball from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.85.

About Ball

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.