Keybank National Association OH cut its holdings in shares of Ball Co. (NYSE:BLL) by 3.6% during the fourth quarter, Holdings Channel reports. The fund owned 50,034 shares of the industrial products company’s stock after selling 1,843 shares during the period. Keybank National Association OH’s holdings in Ball were worth $1,894,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New Mexico Educational Retirement Board boosted its position in Ball by 4.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 33,828 shares of the industrial products company’s stock valued at $1,280,000 after buying an additional 1,300 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in Ball by 5.0% in the 3rd quarter. Chartwell Investment Partners LLC now owns 30,939 shares of the industrial products company’s stock valued at $1,277,000 after buying an additional 1,485 shares during the last quarter. Aperio Group LLC boosted its position in Ball by 0.8% in the 3rd quarter. Aperio Group LLC now owns 180,150 shares of the industrial products company’s stock valued at $7,440,000 after buying an additional 1,492 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Ball by 63.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock valued at $147,000 after buying an additional 1,500 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Ball by 5.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 31,447 shares of the industrial products company’s stock valued at $1,299,000 after buying an additional 1,524 shares during the last quarter. Institutional investors and hedge funds own 88.53% of the company’s stock.
A number of research analysts have commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $48.00 price objective (up from $47.00) on shares of Ball in a research report on Thursday, February 8th. KeyCorp lowered Ball from a “sector weight” rating to an “underweight” rating and decreased their price objective for the company from $40.81 to $36.00 in a research report on Friday, December 8th. They noted that the move was a valuation call. UBS Group assumed coverage on Ball in a research report on Monday, October 23rd. They issued a “buy” rating and a $50.00 price objective on the stock. Zacks Investment Research lowered Ball from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Finally, BMO Capital Markets upgraded Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Monday, December 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.21.
Ball Co. (NYSE:BLL) opened at $39.62 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.55. The firm has a market capitalization of $13,869.20, a price-to-earnings ratio of 19.52, a PEG ratio of 3.13 and a beta of 0.97. Ball Co. has a 12 month low of $35.60 and a 12 month high of $43.24.
Ball (NYSE:BLL) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.08. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.64 billion. Ball had a return on equity of 19.20% and a net margin of 3.63%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. sell-side analysts forecast that Ball Co. will post 2.3 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Wednesday, February 28th. Ball’s dividend payout ratio (DPR) is currently 35.71%.
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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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