Ledyard National Bank raised its position in shares of Ball Corporation (NYSE:BLL) by 520.0% during the second quarter, Holdings Channel reports. The fund owned 3,100 shares of the industrial products company’s stock after buying an additional 2,600 shares during the period. Ledyard National Bank’s holdings in Ball Corporation were worth $131,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. raised its stake in Ball Corporation by 2,907.6% in the first quarter. BlackRock Inc. now owns 10,298,454 shares of the industrial products company’s stock valued at $764,763,000 after buying an additional 9,956,034 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Ball Corporation by 15.8% in the first quarter. JPMorgan Chase & Co. now owns 7,054,566 shares of the industrial products company’s stock valued at $523,873,000 after buying an additional 962,025 shares in the last quarter. Iridian Asset Management LLC CT purchased a new stake in Ball Corporation during the first quarter valued at about $69,447,000. SPF Beheer BV raised its stake in Ball Corporation by 106.7% in the second quarter. SPF Beheer BV now owns 1,739,920 shares of the industrial products company’s stock valued at $73,442,000 after buying an additional 898,244 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in Ball Corporation by 25.8% in the first quarter. William Blair Investment Management LLC now owns 3,492,613 shares of the industrial products company’s stock valued at $259,361,000 after buying an additional 715,352 shares in the last quarter. 43.61% of the stock is currently owned by institutional investors.

Ball Corporation (NYSE BLL) opened at 42.10 on Monday. The stock has a 50 day moving average price of $45.58 and a 200 day moving average price of $67.50. Ball Corporation has a 1-year low of $34.34 and a 1-year high of $42.87. The company has a market cap of $14.78 billion, a PE ratio of 31.32 and a beta of 0.96.

Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, May 4th. The industrial products company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. Ball Corporation had a return on equity of 16.46% and a net margin of 4.59%. Ball Corporation’s revenue was up 40.8% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. Equities analysts forecast that Ball Corporation will post $2.15 earnings per share for the current year.

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Several equities research analysts recently issued reports on BLL shares. BMO Capital Markets reissued a “hold” rating and set a $39.50 price target on shares of Ball Corporation in a research report on Wednesday, April 12th. BidaskClub raised Ball Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised Ball Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target (up from $47.00) on shares of Ball Corporation in a research report on Friday. Finally, ValuEngine lowered Ball Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $43.40.

In other Ball Corporation news, COO Daniel William Fisher sold 1,000 shares of Ball Corporation stock in a transaction on Monday, May 8th. The stock was sold at an average price of $79.75, for a total value of $79,750.00. Following the completion of the transaction, the chief operating officer now owns 4,922 shares in the company, valued at approximately $392,529.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John A. Hayes sold 2,717 shares of Ball Corporation stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $80.62, for a total value of $219,044.54. Following the completion of the transaction, the chairman now owns 206,255 shares of the company’s stock, valued at approximately $16,628,278.10. The disclosure for this sale can be found here. Insiders have sold a total of 77,732 shares of company stock valued at $3,309,230 in the last 90 days. 2.70% of the stock is owned by corporate insiders.

Ball Corporation Company Profile

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 Corporation (NYSE:BLL)

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