DF Dent & Co. Inc. purchased a new position in Ball Co. (NYSE:BLL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,435 shares of the industrial products company’s stock, valued at approximately $224,000.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Ball by 104.6% in the 2nd quarter. Vanguard Group Inc. now owns 35,339,156 shares of the industrial products company’s stock valued at $1,491,666,000 after purchasing an additional 18,062,724 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Ball by 104.4% in the 2nd quarter. BlackRock Inc. now owns 21,051,051 shares of the industrial products company’s stock valued at $888,566,000 after purchasing an additional 10,752,597 shares in the last quarter. FMR LLC raised its holdings in shares of Ball by 91.2% during the 2nd quarter. FMR LLC now owns 18,275,730 shares of the industrial products company’s stock valued at $771,419,000 after buying an additional 8,716,359 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Ball by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,182,399 shares of the industrial products company’s stock valued at $628,855,000 after buying an additional 246,397 shares during the period. Finally, State Street Corp raised its holdings in shares of Ball by 97.8% during the 2nd quarter. State Street Corp now owns 14,936,539 shares of the industrial products company’s stock valued at $630,475,000 after buying an additional 7,386,379 shares during the period. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on BLL. KeyCorp reiterated a “hold” rating on shares of Ball in a report on Thursday, November 2nd. Zacks Investment Research downgraded Ball from a “hold” rating to a “sell” rating in a report on Monday, October 16th. UBS began coverage on Ball in a report on Monday, October 23rd. They set a “buy” rating and a $50.00 target price on the stock. Robert W. Baird reiterated a “buy” rating and set a $45.00 target price on shares of Ball in a report on Thursday, October 12th. Finally, Royal Bank of Canada initiated coverage on Ball in a report on Monday, October 9th. They set an “outperform” rating and a $46.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.79.

Shares of Ball Co. (NYSE:BLL) opened at $38.89 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 1.95. Ball Co. has a twelve month low of $35.65 and a twelve month high of $43.24. The stock has a market capitalization of $13,862.20, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 3.69 and a beta of 0.96.

Ball (NYSE:BLL) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.07). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. Ball’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 EPS. equities analysts anticipate that Ball Co. will post 1.95 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.03%. Ball’s payout ratio is 62.50%.

In other news, Chairman John A. Hayes sold 5,519 shares of Ball stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $40.74, for a total value of $224,844.06. Following the completion of the transaction, the chairman now owns 408,451 shares in the company, valued at approximately $16,640,293.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Lisa Ann Pauley sold 17,090 shares of Ball stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $40.79, for a total value of $697,101.10. Following the completion of the transaction, the senior vice president now owns 108,923 shares of the company’s stock, valued at approximately $4,442,969.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,923 shares of company stock valued at $1,392,977. Insiders own 2.70% of the company’s stock.

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Ball 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.

Institutional Ownership by Quarter for Ball (NYSE:BLL)

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