Quantbot Technologies LP Has $3.06 Million Stake in Ball Co. (NYSE:BALL)

Quantbot Technologies LP increased its stake in shares of Ball Co. (NYSE:BALL - Free Report) by 113.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,422 shares of the company's stock after acquiring an additional 29,495 shares during the period. Quantbot Technologies LP's holdings in Ball were worth $3,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in BALL. Moors & Cabot Inc. boosted its stake in Ball by 4.5% during the 3rd quarter. Moors & Cabot Inc. now owns 4,442 shares of the company's stock worth $302,000 after purchasing an additional 192 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Ball by 1.2% in the third quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company's stock valued at $1,147,000 after buying an additional 199 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Ball by 2.1% in the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company's stock valued at $556,000 after purchasing an additional 210 shares in the last quarter. Picton Mahoney Asset Management raised its stake in shares of Ball by 68.9% in the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Finally, Jag Capital Management LLC grew its position in shares of Ball by 1.0% during the fourth quarter. Jag Capital Management LLC now owns 26,729 shares of the company's stock worth $1,474,000 after buying an additional 271 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BALL shares. UBS Group lowered their target price on shares of Ball from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Barclays lowered their price objective on shares of Ball from $72.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Morgan Stanley cut their target price on Ball from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Truist Financial lowered their target price on shares of Ball from $78.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Citigroup dropped their price target on Ball from $69.00 to $59.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $63.30.

Ball Stock Up 1.6 %

Shares of NYSE BALL traded up $0.80 during mid-day trading on Thursday, reaching $52.11. The company had a trading volume of 1,743,920 shares, compared to its average volume of 1,958,268. The stock has a fifty day moving average of $52.28 and a two-hundred day moving average of $58.11. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.69 and a current ratio of 1.00. Ball Co. has a 12-month low of $48.95 and a 12-month high of $71.32. The company has a market capitalization of $14.71 billion, a price-to-earnings ratio of 4.12, a PEG ratio of 1.24 and a beta of 0.99.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.92 billion. Ball had a return on equity of 16.17% and a net margin of 33.98%. The firm's revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. As a group, equities research analysts expect that Ball Co. will post 3.48 EPS for the current year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.80 annualized dividend and a yield of 1.54%. Ball's dividend payout ratio is currently 6.32%.

Ball declared that its board has authorized a stock repurchase program on Wednesday, January 29th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the company to buy up to 24.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

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.