Ball Corporation (BLL) Shares Sold by Three Peaks Capital Management LLC
Three Peaks Capital Management LLC decreased its position in Ball Corporation (NYSE:BLL) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282,565 shares of the industrial products company’s stock after selling 7,404 shares during the quarter. Ball Corporation comprises approximately 1.7% of Three Peaks Capital Management LLC’s holdings, making the stock its 12th largest position. Three Peaks Capital Management LLC owned approximately 0.08% of Ball Corporation worth $11,670,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in BLL. Tredje AP fonden lifted its holdings in shares of Ball Corporation by 2.1% during the second quarter. Tredje AP fonden now owns 11,270 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 230 shares during the last quarter. Garcia Hamilton & Associates LP DE lifted its holdings in shares of Ball Corporation by 9.6% during the second quarter. Garcia Hamilton & Associates LP DE now owns 8,540 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 746 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Ball Corporation by 100.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 1,225 shares during the last quarter. American Research & Management Co. lifted its holdings in shares of Ball Corporation by 100.0% during the second quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of Ball Corporation by 5.0% during the third quarter. Chartwell Investment Partners LLC now owns 30,939 shares of the industrial products company’s stock valued at $1,277,000 after purchasing an additional 1,485 shares during the last quarter. Institutional investors and hedge funds own 88.25% of the company’s stock.
In other news, Chairman John A. Hayes sold 5,545 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $39.73, for a total transaction of $220,302.85. Following the transaction, the chairman now owns 412,834 shares of the company’s stock, valued at approximately $16,401,894.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John A. Hayes sold 5,619 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $41.98, for a total value of $235,885.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,167 shares of company stock worth $1,597,782. Insiders own 2.70% of the company’s stock.
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Ball Corporation (BLL) opened at $39.52 on Friday. 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 Corporation has a 52-week low of $35.65 and a 52-week high of $43.24. The firm has a market capitalization of $13,834.20, a PE ratio of 21.19, a price-to-earnings-growth ratio of 3.68 and a beta of 1.00.
Ball Corporation (NYSE:BLL) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.07). Ball Corporation had a return on equity of 18.31% and a net margin of 2.13%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same period in the previous year, the company earned $0.48 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. sell-side analysts anticipate that Ball Corporation will post 1.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, November 30th. Ball Corporation’s payout ratio is currently 62.50%.
Several equities research analysts have recently commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $49.00 target price (down from $50.00) on shares of Ball Corporation in a report on Wednesday, August 9th. Vertical Group reaffirmed a “hold” rating and set a $43.00 target price (up from $41.50) on shares of Ball Corporation in a report on Wednesday, August 9th. Barclays PLC upped their target price on Ball Corporation from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. UBS AG began coverage on Ball Corporation in a research note on Monday, October 23rd. They issued a “buy” rating and a $50.00 price objective for the company. Finally, Robert W. Baird increased their price objective on Ball Corporation from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.88.
Ball Corporation 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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