Ball Co. (BLL) Stake Raised by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC increased its holdings in Ball Co. (NYSE:BLL) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 642,347 shares of the industrial products company’s stock after purchasing an additional 65,602 shares during the period. Parametric Portfolio Associates LLC owned 0.18% of Ball worth $26,529,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. IFM Investors Pty Ltd purchased a new stake in Ball during the third quarter valued at about $400,000. DF Dent & Co. Inc. purchased a new stake in Ball during the third quarter valued at about $224,000. California Public Employees Retirement System grew its position in Ball by 1.2% during the third quarter. California Public Employees Retirement System now owns 722,556 shares of the industrial products company’s stock valued at $29,842,000 after acquiring an additional 8,404 shares during the period. Janney Montgomery Scott LLC grew its position in Ball by 5.1% during the third quarter. Janney Montgomery Scott LLC now owns 31,447 shares of the industrial products company’s stock valued at $1,299,000 after acquiring an additional 1,524 shares during the period. Finally, Janus Henderson Group PLC grew its position in Ball by 3.4% during the third quarter. Janus Henderson Group PLC now owns 4,271,901 shares of the industrial products company’s stock valued at $176,431,000 after acquiring an additional 139,329 shares during the period. 89.48% of the stock is owned by institutional investors and hedge funds.

Shares of Ball Co. (NYSE BLL) opened at $37.97 on Monday. Ball Co. has a 1 year low of $35.65 and a 1 year high of $43.24. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $13,410.00, a PE ratio of 51.31, a PEG ratio of 3.51 and a beta of 0.97.

Ball (NYSE:BLL) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.07). Ball had a return on equity of 18.31% and a net margin of 2.13%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the company earned $0.48 EPS. Ball’s quarterly revenue was up 5.7% on a year-over-year basis. research analysts expect that Ball Co. will post 1.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, November 30th. Ball’s dividend payout ratio (DPR) is 54.05%.

In related news, COO James N. Peterson sold 1,349 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total value of $51,329.45. Following the transaction, the chief operating officer now owns 38,008 shares in the company, valued at $1,446,204.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman John A. Hayes sold 5,619 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $41.98, for a total value of $235,885.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,182 shares of company stock worth $747,206. Insiders own 2.70% of the company’s stock.

A number of research firms have issued reports on BLL. TheStreet downgraded Ball from a “b-” rating to a “c+” rating in a research report on Thursday, December 14th. Vertical Research raised Ball from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, December 15th. They noted that the move was a valuation call. BMO Capital Markets raised Ball from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a research report on Monday, December 4th. KeyCorp downgraded Ball from a “sector weight” rating to an “underweight” rating and decreased their target price for the stock from $40.81 to $36.00 in a research report on Friday, December 8th. They noted that the move was a valuation call. Finally, UBS Group started coverage on Ball in a research report on Monday, October 23rd. They issued a “buy” rating and a $50.00 target price for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $45.00.

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About Ball

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

Institutional Ownership by Quarter for Ball (NYSE:BLL)

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