Hager Investment Management Services LLC Reduces Stake in Ball Corporation $BALL

Hager Investment Management Services LLC lowered its position in Ball Corporation (NYSE:BALL) by 51.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 657 shares of the company’s stock after selling 690 shares during the period. Hager Investment Management Services LLC’s holdings in Ball were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of BALL. JPMorgan Chase & Co. boosted its position in Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock valued at $416,681,000 after buying an additional 2,453,630 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Ball by 548.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,816,827 shares of the company’s stock worth $101,906,000 after purchasing an additional 1,536,751 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Ball by 359.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company’s stock worth $60,299,000 after purchasing an additional 926,728 shares in the last quarter. Nuveen LLC purchased a new stake in Ball in the 1st quarter worth approximately $47,606,000. Finally, First Manhattan CO. LLC. boosted its position in Ball by 38.2% in the 1st quarter. First Manhattan CO. LLC. now owns 1,653,305 shares of the company’s stock worth $86,088,000 after purchasing an additional 457,230 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the transaction, the chairman directly owned 10,036 shares of the company’s stock, valued at approximately $517,355.80. This represents a 25.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Ball Trading Up 0.4%

Shares of BALL stock opened at $48.72 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The company has a market cap of $13.26 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.10 and a beta of 1.09. The stock has a 50 day simple moving average of $51.65 and a 200-day simple moving average of $52.85. Ball Corporation has a 1-year low of $43.51 and a 1-year high of $67.84.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the company posted $0.74 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities research analysts expect that Ball Corporation will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s dividend payout ratio is currently 41.45%.

Wall Street Analyst Weigh In

Several research firms have commented on BALL. UBS Group lowered their price objective on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday. Royal Bank Of Canada upped their price objective on Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Mizuho lowered their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Bank of America restated a “neutral” rating and issued a $66.00 price objective (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Finally, Truist Financial upped their target price on Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $63.27.

Ball Profile

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.