Ball Corporation $BALL Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its holdings in shares of Ball Corporation (NYSE:BALL) by 287.9% in the 1st quarter, Holdings Channel reports. The fund owned 43,716 shares of the company’s stock after acquiring an additional 32,447 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Ball were worth $2,584,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in shares of Ball by 58.7% in the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock valued at $13,930,000 after purchasing an additional 97,264 shares during the period. Independent Advisor Alliance increased its stake in Ball by 276.5% in the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock valued at $1,889,000 after buying an additional 26,184 shares during the period. Mizuho Markets Cayman LP acquired a new position in Ball in the 4th quarter valued at $26,485,000. Sumitomo Mitsui Trust Group Inc. raised its position in Ball by 6.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,521 shares of the company’s stock worth $35,676,000 after buying an additional 40,593 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Ball during the 4th quarter worth $4,349,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BALL shares. Raymond James Financial set a $73.00 target price on shares of Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Wells Fargo & Company increased their price target on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Citigroup lowered their price objective on Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft began coverage on Ball in a report on Wednesday, April 1st. They issued a “buy” rating and a $72.00 target price for the company. Finally, UBS Group lowered their price target 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. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Ball has an average rating of “Moderate Buy” and a consensus target price of $70.85.

Ball Stock Up 3.4%

Shares of NYSE BALL opened at $66.84 on Wednesday. The firm’s 50-day moving average is $59.15 and its two-hundred day moving average is $60.32. The company has a market capitalization of $17.80 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. Ball Corporation has a 12-month low of $44.83 and a 12-month high of $68.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.34 billion. During the same period last year, the company posted $0.76 EPS. The company’s revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts anticipate that Ball Corporation will post 3.99 EPS for the current fiscal year.

Ball 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.