Lombard Odier Asset Management Switzerland SA Takes $4.30 Million Position in Ball Corporation $BALL

Lombard Odier Asset Management Switzerland SA bought a new position in shares of Ball Corporation (NYSE:BALL) during the fourth quarter, Holdings Channel.com reports. The fund bought 81,095 shares of the company’s stock, valued at approximately $4,296,000.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Ball by 47.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock worth $299,749,000 after purchasing an additional 1,830,434 shares during the period. Boston Partners raised 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 worth $251,057,000 after purchasing an additional 922,747 shares during the period. Invesco Ltd. raised 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 worth $234,521,000 after purchasing an additional 602,137 shares during the period. Norges Bank acquired a new position in shares of Ball during the fourth quarter worth approximately $178,025,000. Finally, Deutsche Bank AG increased its position in shares of Ball by 58.5% during the fourth quarter. Deutsche Bank AG now owns 2,570,056 shares of the company’s stock worth $136,136,000 after acquiring an additional 948,473 shares in the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Ball in a research report on Friday, April 17th. JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 target price for the company in a research report on Monday, May 18th. UBS Group decreased their target price on shares of Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Truist Financial boosted their target price on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Citigroup decreased their target price on shares of Ball from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ball has an average rating of “Moderate Buy” and an average target price of $69.54.

Ball Trading Up 1.4%

Shares of BALL stock opened at $58.17 on Wednesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.01. Ball Corporation has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a 50-day simple moving average of $58.32 and a two-hundred day simple moving average of $58.09.

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

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Ball’s dividend payout ratio is currently 23.12%.

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.