Norris Perne & French LLP MI Acquires 1,908 Shares of Ball Co. (NYSE:BLL)

Norris Perne & French LLP MI raised its holdings in Ball Co. (NYSE:BLL) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 314,350 shares of the industrial products company’s stock after buying an additional 1,908 shares during the quarter. Ball accounts for 2.4% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 8th largest holding. Norris Perne & French LLP MI’s holdings in Ball were worth $20,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BLL. Keudell Morrison Wealth Management acquired a new position in Ball in the second quarter valued at approximately $2,496,000. Private Advisor Group LLC lifted its stake in Ball by 7.9% in the second quarter. Private Advisor Group LLC now owns 6,757 shares of the industrial products company’s stock valued at $473,000 after buying an additional 497 shares during the period. Assetmark Inc. lifted its stake in Ball by 148.8% in the second quarter. Assetmark Inc. now owns 2,030 shares of the industrial products company’s stock valued at $142,000 after buying an additional 1,214 shares during the period. AQR Capital Management LLC lifted its stake in Ball by 41.8% in the second quarter. AQR Capital Management LLC now owns 39,616 shares of the industrial products company’s stock valued at $2,712,000 after buying an additional 11,670 shares during the period. Finally, Jefferies Group LLC lifted its stake in Ball by 35.3% in the second quarter. Jefferies Group LLC now owns 10,123 shares of the industrial products company’s stock valued at $709,000 after buying an additional 2,639 shares during the period. 81.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman John A. Hayes sold 9,465 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $66.48, for a total transaction of $629,233.20. Following the completion of the sale, the chairman now owns 438,296 shares in the company, valued at $29,137,918.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jeff A. Knobel sold 6,782 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $63.38, for a total value of $429,843.16. Following the sale, the vice president now owns 71,140 shares of the company’s stock, valued at approximately $4,508,853.20. The disclosure for this sale can be found here. Insiders have sold 56,600 shares of company stock valued at $3,691,610 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Ball from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Morgan Stanley reaffirmed a “buy” rating and set a $87.00 target price on shares of Ball in a research report on Wednesday, November 6th. ValuEngine lowered Ball from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Northland Securities assumed coverage on Ball in a research report on Monday, December 2nd. They set an “outperform” rating and a $82.00 target price on the stock. Finally, Vertical Research raised Ball from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Ball currently has an average rating of “Hold” and a consensus target price of $77.39.

Shares of NYSE:BLL traded up $1.97 during trading on Wednesday, reaching $71.23. 103,041 shares of the stock were exchanged, compared to its average volume of 1,629,879. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.01 and a quick ratio of 0.70. Ball Co. has a 1-year low of $48.81 and a 1-year high of $81.88. The stock has a fifty day moving average of $65.37 and a two-hundred day moving average of $70.72. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 43.67, a price-to-earnings-growth ratio of 4.23 and a beta of 0.67.

Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). Ball had a return on equity of 22.86% and a net margin of 4.82%. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company posted $0.56 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts forecast that Ball Co. will post 2.5 EPS for the current year.

Ball 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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