Signition LP Invests $256,000 in Ball Co. (BLL)

Signition LP acquired a new position in Ball Co. (NYSE:BLL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,755 shares of the industrial products company’s stock, valued at approximately $256,000.

A number of other large investors have also modified their holdings of BLL. Employees Retirement System of Texas boosted its holdings in Ball by 88.1% in the second quarter. Employees Retirement System of Texas now owns 15,800 shares of the industrial products company’s stock worth $667,000 after purchasing an additional 7,400 shares in the last quarter. Royal Bank of Canada boosted its holdings in Ball by 46.9% in the second quarter. Royal Bank of Canada now owns 121,732 shares of the industrial products company’s stock worth $5,139,000 after purchasing an additional 38,859 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Ball by 100.0% in the second quarter. Macquarie Group Ltd. now owns 6,600 shares of the industrial products company’s stock worth $279,000 after purchasing an additional 3,300 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in Ball by 102.6% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 60,461 shares of the industrial products company’s stock worth $2,551,000 after purchasing an additional 30,621 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Ball by 3,000.0% in the second quarter. Cubist Systematic Strategies LLC now owns 6,200 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Vertical Research upgraded shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, December 15th. They noted that the move was a valuation call. TheStreet cut shares of Ball from a “b-” rating to a “c+” rating in a report on Thursday, December 14th. KeyCorp cut shares of Ball from a “sector weight” rating to an “underweight” rating and decreased their price objective for the stock from $40.81 to $36.00 in a report on Friday, December 8th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Ball from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Finally, UBS Group assumed coverage on shares of Ball in a report on Monday, October 23rd. They issued a “buy” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $45.21.

Shares of Ball Co. (NYSE:BLL) opened at $38.34 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 1.60. Ball Co. has a fifty-two week low of $35.60 and a fifty-two week high of $43.24. The stock has a market cap of $13,218.10, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.98 and a beta of 0.97.

Ball (NYSE:BLL) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.08. Ball had a net margin of 3.63% and a return on equity of 19.20%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. equities research analysts predict that Ball Co. will post 2.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, February 28th. Ball’s dividend payout ratio (DPR) is 35.71%.

In other news, Chairman John A. Hayes sold 6,782 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $38.61, for a total transaction of $261,853.02. Following the completion of the transaction, the chairman now owns 398,485 shares of the company’s stock, valued at $15,385,505.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott C. Morrison sold 2,591 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $38.62, for a total transaction of $100,064.42. Following the transaction, the vice president now directly owns 390,052 shares of the company’s stock, valued at approximately $15,063,808.24. The disclosure for this sale can be found here. Insiders have sold 16,241 shares of company stock valued at $638,091 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

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Ball Company 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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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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