Ball Co. (BLL) Holdings Cut by Sterling Capital Management LLC

Sterling Capital Management LLC cut its position in Ball Co. (NYSE:BLL) by 6.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 40,247 shares of the industrial products company’s stock after selling 2,871 shares during the quarter. Sterling Capital Management LLC’s holdings in Ball were worth $1,770,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Portland Hill Asset Management Ltd lifted its stake in Ball by 0.3% in the 3rd quarter. Portland Hill Asset Management Ltd now owns 338,619 shares of the industrial products company’s stock worth $14,947,000 after purchasing an additional 1,126 shares in the last quarter. BB&T Securities LLC lifted its stake in Ball by 4.8% in the 2nd quarter. BB&T Securities LLC now owns 28,879 shares of the industrial products company’s stock worth $1,026,000 after purchasing an additional 1,313 shares in the last quarter. Isthmus Partners LLC lifted its stake in Ball by 0.8% in the 2nd quarter. Isthmus Partners LLC now owns 159,338 shares of the industrial products company’s stock worth $5,664,000 after purchasing an additional 1,317 shares in the last quarter. Parkwood LLC raised its position in shares of Ball by 13.9% during the 2nd quarter. Parkwood LLC now owns 11,538 shares of the industrial products company’s stock valued at $410,000 after buying an additional 1,410 shares in the last quarter. Finally, Sumitomo Life Insurance Co. raised its position in shares of Ball by 4.8% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 31,755 shares of the industrial products company’s stock valued at $1,129,000 after buying an additional 1,466 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

BLL has been the topic of several recent research reports. TheStreet raised shares of Ball from a “c+” rating to a “b-” rating in a report on Wednesday, August 1st. ValuEngine raised shares of Ball from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Royal Bank of Canada reissued a “buy” rating and set a $47.00 price target on shares of Ball in a research report on Monday, August 6th. Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Barclays lifted their target price on shares of Ball from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, August 9th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $50.00.

In related news, Chairman John A. Hayes sold 96,667 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the completion of the sale, the chairman now directly owns 471,228 shares in the company, valued at $20,262,804. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott C. Morrison sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $44.40, for a total transaction of $1,110,000.00. Following the sale, the vice president now owns 30,392 shares of the company’s stock, valued at $1,349,404.80. The disclosure for this sale can be found here. Insiders have sold 128,566 shares of company stock valued at $5,593,832 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Shares of BLL stock opened at $48.84 on Thursday. Ball Co. has a 52 week low of $34.71 and a 52 week high of $48.85. The company has a market capitalization of $16.23 billion, a PE ratio of 23.94, a P/E/G ratio of 3.94 and a beta of 0.74. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.01 and a quick ratio of 0.69.

Ball (NYSE:BLL) last announced its earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.04). The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.80 billion. Ball had a net margin of 4.21% and a return on equity of 20.02%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. Equities research analysts anticipate that Ball Co. will post 2.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, November 30th. This represents a $0.40 annualized dividend and a yield of 0.82%. Ball’s dividend payout ratio (DPR) is 19.61%.

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Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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