Qtron Investments LLC lifted its stake in Ball Co. (NYSE:BLL) by 61.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,459 shares of the industrial products company’s stock after purchasing an additional 4,351 shares during the quarter. Qtron Investments LLC’s holdings in Ball were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wetherby Asset Management Inc. raised its position in Ball by 3.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,627 shares of the industrial products company’s stock worth $324,000 after buying an additional 154 shares during the last quarter. Signaturefd LLC raised its position in Ball by 10.4% in the 2nd quarter. Signaturefd LLC now owns 1,642 shares of the industrial products company’s stock worth $115,000 after buying an additional 155 shares during the last quarter. Whittier Trust Co. raised its position in Ball by 56.0% in the 2nd quarter. Whittier Trust Co. now owns 496 shares of the industrial products company’s stock worth $35,000 after buying an additional 178 shares during the last quarter. Hartford Investment Management Co. raised its position in Ball by 0.5% in the 2nd quarter. Hartford Investment Management Co. now owns 36,582 shares of the industrial products company’s stock worth $2,560,000 after buying an additional 179 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its position in Ball by 0.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 29,508 shares of the industrial products company’s stock worth $2,065,000 after buying an additional 201 shares during the last quarter. 82.90% of the stock is owned by hedge funds and other institutional investors.

In other news, Chairman John A. Hayes sold 9,523 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $70.98, for a total transaction of $675,942.54. Following the completion of the sale, the chairman now owns 437,979 shares of the company’s stock, valued at approximately $31,087,749.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stuart A. Taylor II sold 48,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $77.41, for a total transaction of $3,715,680.00. Following the sale, the director now directly owns 146,966 shares of the company’s stock, valued at approximately $11,376,638.06. The disclosure for this sale can be found here. Insiders have sold a total of 137,974 shares of company stock valued at $10,688,411 in the last ninety days. Insiders own 1.80% of the company’s stock.

A number of equities analysts have weighed in on the company. Wells Fargo & Co lowered Ball from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $68.00 to $72.00 in a research report on Monday, August 5th. KeyCorp reissued a “hold” rating on shares of Ball in a research report on Friday, August 2nd. UBS Group boosted their target price on Ball from $60.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Vertical Research lowered Ball from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Finally, Citigroup boosted their target price on Ball from $81.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $63.46.

Shares of NYSE BLL traded down $0.67 during midday trading on Friday, hitting $72.69. 136,768 shares of the company’s stock traded hands, compared to its average volume of 2,010,201. Ball Co. has a 1 year low of $42.24 and a 1 year high of $81.88. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 5.06 and a beta of 0.75. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 1.10. The firm has a fifty day moving average of $76.87 and a 200 day moving average of $65.83.

Ball (NYSE:BLL) last released its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Ball had a net margin of 4.54% and a return on equity of 21.32%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the company earned $0.58 EPS. Ball’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Ball Co. will post 2.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, August 30th. Ball’s payout ratio is currently 27.27%.

Ball Company Profile

Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business 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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