Ball Co. (NYSE:BALL) Shares Purchased by abrdn plc

abrdn plc boosted its holdings in Ball Co. (NYSE:BALL) by 22.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 422,399 shares of the company’s stock after acquiring an additional 77,708 shares during the period. abrdn plc’s holdings in Ball were worth $24,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators boosted its stake in shares of Ball by 80.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 572 shares of the company’s stock worth $28,000 after purchasing an additional 255 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Ball during the 3rd quarter worth about $29,000. Exchange Traded Concepts LLC acquired a new stake in shares of Ball during the 3rd quarter worth about $31,000. Friedenthal Financial acquired a new stake in shares of Ball during the 4th quarter worth about $43,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of Ball during the 4th quarter worth about $43,000. 86.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial reissued a “hold” rating and issued a $60.00 target price on shares of Ball in a research report on Friday, April 12th. UBS Group assumed coverage on shares of Ball in a research report on Tuesday, January 16th. They issued a “sell” rating and a $55.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Ball from $52.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. TheStreet raised shares of Ball from a “c+” rating to a “b-” rating in a research report on Friday, March 8th. Finally, Bank of America raised shares of Ball from an “underperform” rating to a “buy” rating and raised their target price for the stock from $61.00 to $72.00 in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $65.58.

Insider Activity

In other news, insider Daniel William Fisher acquired 3,869 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were bought at an average price of $64.56 per share, for a total transaction of $249,782.64. Following the completion of the purchase, the insider now directly owns 111,866 shares of the company’s stock, valued at approximately $7,222,068.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.81% of the company’s stock.

Ball Trading Up 0.1 %

NYSE BALL opened at $65.50 on Wednesday. Ball Co. has a one year low of $42.81 and a one year high of $67.97. The company’s 50 day moving average price is $64.84 and its 200 day moving average price is $57.68. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.54 and a current ratio of 0.79. The firm has a market capitalization of $20.67 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 4.20 and a beta of 0.89.

Ball (NYSE:BALL) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. The firm had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.56 billion. Ball had a net margin of 5.04% and a return on equity of 23.81%. Ball’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. On average, sell-side analysts predict that Ball Co. will post 3.09 EPS for the current year.

About Ball

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.