Ball Co. (NYSE:BLL) Director Stuart A. Taylor II sold 48,000 shares of the 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 completion of the transaction, the director now directly owns 146,966 shares of the company’s stock, valued at approximately $11,376,638.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE BLL opened at $79.63 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.10 and a quick ratio of 0.81. The company has a market cap of $25.51 billion, a P/E ratio of 36.20, a PEG ratio of 5.41 and a beta of 0.80. Ball Co. has a 1 year low of $39.99 and a 1 year high of $79.77. The firm has a 50-day simple moving average of $72.68 and a two-hundred day simple moving average of $62.71.
Ball (NYSE:BLL) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.03 billion. Ball had a return on equity of 21.32% and a net margin of 4.54%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 EPS. As a group, equities research analysts expect that Ball Co. will post 2.58 EPS for the current year.
A number of research analysts recently commented on BLL shares. Vertical Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a report on Monday, July 8th. ValuEngine downgraded shares of Ball from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. KeyCorp reissued a “hold” rating on shares of Ball in a research note on Friday, August 2nd. UBS Group raised their price objective on shares of Ball from $60.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley raised their price objective on shares of Ball from $71.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.46.
Large investors have recently modified their holdings of the company. Next Capital Management LLC purchased a new position in Ball during the second quarter valued at approximately $25,000. Massey Quick Simon & CO. LLC purchased a new position in Ball during the first quarter valued at approximately $30,000. Pearl River Capital LLC purchased a new position in Ball during the first quarter valued at approximately $30,000. Whittier Trust Co. increased its holdings in Ball by 56.0% during the second quarter. Whittier Trust Co. now owns 496 shares of the industrial products company’s stock valued at $35,000 after buying an additional 178 shares during the period. Finally, Tortoise Investment Management LLC increased its holdings in Ball by 663.3% during the second quarter. Tortoise Investment Management LLC now owns 748 shares of the industrial products company’s stock valued at $52,000 after buying an additional 650 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.
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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