Ball (NYSE:BLL) Rating Lowered to Sell at Vertical Research

Vertical Research lowered shares of Ball (NYSE:BLL) from a hold rating to a sell rating in a report released on Monday, Briefing.com Automated Import reports.

Several other analysts also recently weighed in on BLL. Citigroup reaffirmed a sell rating on shares of Bayerische Motoren Werke in a report on Friday, April 5th. Wells Fargo & Co set a $9.00 target price on shares of Bausch Health Companies and gave the company a sell rating in a report on Friday, May 17th. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a report on Tuesday, May 7th. Morgan Stanley reaffirmed a top pick rating on shares of in a report on Wednesday, June 5th. Finally, KeyCorp reaffirmed a hold rating on shares of Ball in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $58.01.

Ball stock traded up $0.72 during midday trading on Monday, hitting $71.15. 1,802,018 shares of the company’s stock were exchanged, compared to its average volume of 2,407,504. Ball has a 12-month low of $37.24 and a 12-month high of $72.34. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.77 and a current ratio of 1.09. The stock has a market cap of $24.02 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 5.00 and a beta of 0.80. The business has a 50 day moving average price of $66.15.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Ball had a return on equity of 20.39% and a net margin of 3.83%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. Research analysts anticipate that Ball will post 2.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. This is an increase from Ball’s previous quarterly dividend of $0.10. Ball’s payout ratio is currently 27.27%.

In other Ball news, COO Daniel William Fisher sold 5,000 shares of Ball stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $66.14, for a total transaction of $330,700.00. Following the completion of the transaction, the chief operating officer now owns 34,045 shares in the company, valued at $2,251,736.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman John A. Hayes sold 9,523 shares of Ball stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $70.98, for a total transaction of $675,942.54. Following the transaction, the chairman now owns 437,979 shares of the company’s stock, valued at approximately $31,087,749.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,078 shares of company stock worth $2,746,288. 1.80% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Partners LLC raised its position in shares of Ball by 3.5% in the first quarter. Advisor Partners LLC now owns 5,680 shares of the industrial products company’s stock valued at $329,000 after buying an additional 191 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of Ball by 7.6% in the first quarter. Piedmont Investment Advisors Inc. now owns 5,422 shares of the industrial products company’s stock valued at $314,000 after buying an additional 381 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Ball by 0.3% in the second quarter. Retirement Systems of Alabama now owns 156,110 shares of the industrial products company’s stock valued at $10,926,000 after buying an additional 428 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Ball by 281.1% in the fourth quarter. Global Retirement Partners LLC now owns 644 shares of the industrial products company’s stock valued at $30,000 after buying an additional 475 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC acquired a new position in shares of Ball in the first quarter valued at approximately $30,000. Institutional investors own 82.13% of the company’s stock.

Ball Company Profile

Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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