Stevens Capital Management LP acquired a new position in Ball Co. (NYSE:BLL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,843 shares of the industrial products company’s stock, valued at approximately $3,229,000.

A number of other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in Ball by 32.3% in the 1st quarter. JPMorgan Chase & Co. now owns 22,174,838 shares of the industrial products company’s stock valued at $880,562,000 after acquiring an additional 5,409,589 shares during the last quarter. BlackRock Inc. lifted its holdings in Ball by 0.9% in the 1st quarter. BlackRock Inc. now owns 21,517,763 shares of the industrial products company’s stock valued at $854,472,000 after acquiring an additional 194,319 shares during the last quarter. Manning & Napier Group LLC lifted its holdings in Ball by 56.9% in the 1st quarter. Manning & Napier Group LLC now owns 3,944,675 shares of the industrial products company’s stock valued at $156,641,000 after acquiring an additional 1,430,747 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Ball by 1.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,172,184 shares of the industrial products company’s stock valued at $125,968,000 after acquiring an additional 49,713 shares during the last quarter. Finally, Cooke & Bieler LP lifted its holdings in Ball by 22.0% in the 2nd quarter. Cooke & Bieler LP now owns 2,738,645 shares of the industrial products company’s stock valued at $97,359,000 after acquiring an additional 493,258 shares during the last quarter. 88.53% of the stock is owned by institutional investors and hedge funds.

BLL stock opened at $41.09 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. Ball Co. has a one year low of $34.71 and a one year high of $43.24. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 3.28 and a beta of 0.85.

Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Ball had a net margin of 4.12% and a return on equity of 19.93%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. sell-side analysts predict that Ball Co. will post 2.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, August 31st. Ball’s dividend payout ratio is presently 19.61%.

In other Ball news, VP Scott C. Morrison sold 2,143 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $35.80, for a total transaction of $76,719.40. Following the completion of the sale, the vice president now directly owns 408,256 shares of the company’s stock, valued at $14,615,564.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on BLL shares. KeyCorp reissued a “hold” rating on shares of Ball in a report on Thursday, May 3rd. TheStreet downgraded shares of Ball from a “b” rating to a “c+” rating in a report on Thursday, May 3rd. Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a report on Monday, May 7th. ValuEngine downgraded shares of Ball from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 16th. Finally, Citigroup cut their price target on shares of Ball from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Ball has a consensus rating of “Hold” and a consensus price target of $45.20.

Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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