XTX Topco Ltd Buys 32,550 Shares of Ball Co. (NYSE:BALL)

XTX Topco Ltd boosted its position in shares of Ball Co. (NYSE:BALL) by 531.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,680 shares of the company’s stock after purchasing an additional 32,550 shares during the period. XTX Topco Ltd’s holdings in Ball were worth $2,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waterloo Capital L.P. increased its holdings in Ball by 64.7% during the 2nd quarter. Waterloo Capital L.P. now owns 13,474 shares of the company’s stock valued at $809,000 after purchasing an additional 5,293 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Ball by 13.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,193 shares of the company’s stock worth $1,331,000 after buying an additional 2,638 shares in the last quarter. Bradley Foster & Sargent Inc. CT acquired a new stake in Ball in the 2nd quarter valued at about $730,000. Virtu Financial LLC bought a new position in shares of Ball in the second quarter worth about $773,000. Finally, Renaissance Technologies LLC lifted its position in shares of Ball by 18.0% during the second quarter. Renaissance Technologies LLC now owns 126,322 shares of the company’s stock worth $7,582,000 after purchasing an additional 19,300 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Ball Stock Down 1.0 %

Ball stock opened at $66.52 on Thursday. The firm has a market capitalization of $20.65 billion, a price-to-earnings ratio of 5.01, a PEG ratio of 1.64 and a beta of 0.88. The company’s 50 day simple moving average is $63.46 and its 200 day simple moving average is $65.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.88. Ball Co. has a fifty-two week low of $42.81 and a fifty-two week high of $71.32.

Ball (NYSE:BALL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ball had a net margin of 32.79% and a return on equity of 19.45%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the firm posted $0.61 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ball Co. will post 3.12 EPS for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.20%. Ball’s payout ratio is 6.02%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BALL. Royal Bank of Canada dropped their price objective on shares of Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. UBS Group raised their price target on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Truist Financial reissued a “buy” rating and set a $78.00 price objective (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Finally, Morgan Stanley raised shares of Ball from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.83.

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.