Is Ball Corp. (BLL) A Great Investment Choice?

ClearBridge Investments, an investment management firm, published its “Sustainability Leaders Strategy” third quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Sustainability Leaders Strategy outperformed its Russell 3000 Index benchmark during the third quarter. On an absolute basis, the Strategy had gains in six of 10 sectors in which it was invested (out of 11 sectors total). You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

ClearBridge Sustainability Leaders Strategy, in its Q3 2021 investor letter, mentioned Ball Corporation (NYSE: BLL) and discussed its stance on the firm. Ball Corporation is a Broomfield, Colorado-based aerospace company with a $30.2 billion market capitalization. BLL delivered a -3.13% return since the beginning of the year, while its 12-month returns are up by 3.90%. The stock closed at $93.26 per share on January 03, 2022

Here is what ClearBridge Sustainability Leaders Strategy has to say about Ball Corporation  in its Q3 2021 investor letter:

“Ball, the largest manufacturer of recyclable aluminum beverage cans in North America, bucked headwinds for the materials sector with strong quarterly results and was supported by contracts indicative of further growth.”

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Based on our calculations, Ball Corporation (NYSE: BLL) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. BLL was in 27 hedge fund portfolios at the end of the third quarter of 2021, compared to 44 funds in the previous quarter. Ball Corporation (NYSE: BLL) delivered a 3.83% return in the past 3 months.

In June 2021, we also shared another hedge fund’s views on BLL in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.