Addenda Capital Inc. Purchases 5,677 Shares of Ball Co. (BLL)

Addenda Capital Inc. raised its position in Ball Co. (NYSE:BLL) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,745 shares of the industrial products company’s stock after acquiring an additional 5,677 shares during the quarter. Addenda Capital Inc.’s holdings in Ball were worth $851,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its stake in Ball by 106.4% in the second quarter. Public Employees Retirement System of Ohio now owns 152,514 shares of the industrial products company’s stock worth $6,438,000 after acquiring an additional 78,637 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Ball by 104.6% during the 2nd quarter. Vanguard Group Inc. now owns 35,339,156 shares of the industrial products company’s stock worth $1,491,666,000 after buying an additional 18,062,724 shares during the last quarter. Norinchukin Bank The lifted its position in shares of Ball by 113.6% during the 2nd quarter. Norinchukin Bank The now owns 24,296 shares of the industrial products company’s stock worth $1,026,000 after buying an additional 12,921 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Ball by 65.2% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 296,870 shares of the industrial products company’s stock worth $12,261,000 after buying an additional 117,140 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of Ball by 250.6% during the 2nd quarter. Bank of Nova Scotia now owns 140,422 shares of the industrial products company’s stock worth $5,928,000 after buying an additional 100,369 shares during the last quarter. Institutional investors own 89.48% of the company’s stock.

Shares of Ball Co. (BLL) opened at $37.90 on Friday. Ball Co. has a 12-month low of $35.65 and a 12-month high of $43.24. The company has a market cap of $13,435.13, a price-to-earnings ratio of 20.58, a P/E/G ratio of 3.12 and a beta of 0.96. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.04 and a quick ratio of 0.66.

Ball (NYSE:BLL) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.07). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball had a net margin of 2.13% and a return on equity of 18.31%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. equities analysts forecast that Ball Co. will post 1.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were paid a $0.10 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.06%. Ball’s dividend payout ratio is currently 62.50%.

Several analysts have recently weighed in on BLL shares. KeyCorp restated a “hold” rating on shares of Ball in a research report on Wednesday, October 4th. Royal Bank of Canada started coverage on shares of Ball in a research report on Monday, October 9th. They set an “outperform” rating and a $46.00 price objective for the company. Zacks Investment Research downgraded shares of Ball from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird restated a “buy” rating and set a $45.00 price objective on shares of Ball in a research report on Thursday, October 12th. Finally, UBS Group started coverage on shares of Ball in a research report on Monday, October 23rd. They set a “buy” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $45.00.

In other Ball news, Chairman John A. Hayes sold 5,519 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $40.74, for a total value of $224,844.06. Following the transaction, the chairman now directly owns 408,451 shares of the company’s stock, valued at approximately $16,640,293.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John A. Hayes sold 5,695 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $41.29, for a total transaction of $235,146.55. Following the completion of the transaction, the chairman now directly owns 407,973 shares in the company, valued at $16,845,205.17. The disclosure for this sale can be found here. Insiders sold a total of 19,345 shares of company stock worth $773,173 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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