Ball Co. (BLL) Shares Sold by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. lessened its stake in Ball Co. (NYSE:BLL) by 16.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,840 shares of the industrial products company’s stock after selling 20,098 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Ball were worth $4,348,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BLL. Thompson Siegel & Walmsley LLC increased its stake in shares of Ball by 5,484.2% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,024,059 shares of the industrial products company’s stock worth $71,956,000 after buying an additional 1,987,813 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Ball by 11.9% in the second quarter. Janus Henderson Group PLC now owns 8,577,094 shares of the industrial products company’s stock worth $304,917,000 after buying an additional 915,131 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ball by 36.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,038,518 shares of the industrial products company’s stock worth $72,465,000 after buying an additional 548,699 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of Ball by 22.0% in the second quarter. Cooke & Bieler LP now owns 2,738,645 shares of the industrial products company’s stock worth $97,359,000 after buying an additional 493,258 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Ball by 571.6% in the second quarter. Advisors Asset Management Inc. now owns 487,353 shares of the industrial products company’s stock worth $2,504,000 after buying an additional 414,790 shares during the last quarter. Institutional investors and hedge funds own 85.70% of the company’s stock.

In other Ball news, VP Scott C. Morrison sold 25,000 shares of Ball stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $44.40, for a total value of $1,110,000.00. Following the completion of the transaction, the vice president now owns 30,392 shares of the company’s stock, valued at $1,349,404.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman John A. Hayes sold 96,667 shares of Ball stock in a transaction on Monday, September 10th. The stock was sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the completion of the transaction, the chairman now directly owns 471,228 shares of the company’s stock, valued at approximately $20,262,804. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

A number of analysts recently issued reports on BLL shares. TheStreet upgraded shares of Ball from a “c+” rating to a “b-” rating in a research note on Wednesday, August 1st. UBS Group set a $52.00 price target on shares of Ball and gave the stock a “buy” rating in a research note on Friday, October 5th. Citigroup dropped their price target on shares of Ball from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, July 10th. Royal Bank of Canada restated a “buy” rating and issued a $47.00 price target on shares of Ball in a research note on Monday, August 6th. Finally, Deutsche Bank set a $51.00 price objective on shares of Ball and gave the stock a “buy” rating in a report on Thursday, October 4th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.54.

Ball stock opened at $47.36 on Friday. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 3.81 and a beta of 0.74. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.01 and a quick ratio of 0.92. Ball Co. has a 12 month low of $34.71 and a 12 month high of $48.47.

Ball (NYSE:BLL) last released its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.80 billion. Ball had a return on equity of 20.02% and a net margin of 4.21%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, analysts anticipate that Ball Co. will post 2.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, November 30th. Ball’s dividend payout ratio is presently 19.61%.

About Ball

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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