Park Avenue Securities LLC Acquires 210 Shares of Ball Co. (NYSE:BALL)

Park Avenue Securities LLC lifted its holdings in shares of Ball Co. (NYSE:BALL) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,082 shares of the company’s stock after purchasing an additional 210 shares during the period. Park Avenue Securities LLC’s holdings in Ball were worth $556,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its stake in Ball by 82.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 25,027 shares of the company’s stock worth $1,380,000 after purchasing an additional 11,282 shares during the period. 180 Wealth Advisors LLC raised its holdings in Ball by 7.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 34,188 shares of the company’s stock valued at $1,885,000 after buying an additional 2,505 shares during the last quarter. Bar Harbor Wealth Management boosted its position in Ball by 1.4% during the 4th quarter. Bar Harbor Wealth Management now owns 65,408 shares of the company’s stock valued at $3,606,000 after buying an additional 912 shares during the period. Asset Allocation & Management Company LLC purchased a new stake in Ball during the 4th quarter valued at $210,000. Finally, Fiduciary Alliance LLC purchased a new position in shares of Ball in the fourth quarter valued at about $285,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Trading Up 1.6 %

Shares of NYSE BALL opened at $55.20 on Friday. Ball Co. has a 1 year low of $51.96 and a 1 year high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. The firm has a 50-day moving average of $57.30 and a 200 day moving average of $61.48. The stock has a market cap of $16.47 billion, a P/E ratio of 4.16, a price-to-earnings-growth ratio of 1.37 and a beta of 0.93.

Ball (NYSE:BALL) last released its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $0.83 earnings per share. As a group, sell-side analysts expect that Ball Co. will post 3.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BALL. Morgan Stanley dropped their target price on shares of Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Truist Financial dropped their price objective on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 target price on shares of Ball in a research note on Monday, November 4th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $49.00 price target (down previously from $56.00) on shares of Ball in a research note on Thursday, January 16th. Finally, UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $62.00 to $58.00 in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ball currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.17.

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.