Wedge Capital Management L L P NC reduced its holdings in Ball Co. (NYSE: BLL) by 15.3% in the third quarter, according to the company in its latest application with the SEC. The fund owned 160 475 shares of industrial products company after trading 29,012 shares during the quarter. Wedge Capital Management L L P NC's holding in Ball was worth $ 7,059,000 at the end of the last reporting period.
Several other institutional investors and hedge funds have also increased or decreased their efforts in the company. Bradley Foster & Sargent Inc. CT bought a new position in Ball during the 3rd quarter worth about $ 22,662,000. Portland Hill Asset Management Ltd raised its position in Ball by 0.3% in the third quarter. Portland Hill Asset Management Ltd now owns 338,619 shares of industrial products company shares worth 14,477,000 after acquiring another 1,126 shares during the period. Nissay Asset Management Corp. Japan ADV raised its position in Ball by 8.2% in the third quarter. Nissay Asset Management Corp. Japan ADV now owns 66,526 shares in Industrial Products Corporation, worth $ 2,926,000 after acquisition of additional 5,043 shares during the period. Frontier Capital Management Co. LLC raised its position in Ball by 7.4% in the third quarter. Frontier Capital Management Co. LLC now owns 2,908,416 shares of industrial commodities worth $ 127,941,000 after acquisition of further 199,415 shares during the period. Finally, Adams Natural Resources Fund Inc. acquired a new stake in Ball in the third quarter worth approximately $ 6,920,000. Institutional investors and hedge funds own 85.78% of the company's share.
Stocks of BLL stocks opened at $ 48.84 on Thursday. The company has a market share of $ 16.23 billion, a P / E ratio of 23.94, a PEG ratio of 3.94 and a beta of 0.74. Ball Co. has a 1 year low of $ 34.71 and a 1 year high of $ 48.85. The company has a rapid ratio of 0.69, a present value of 1.01 and a debt ratio of 1.74.
Ball (NYSE: BLL) released the quarterly earnings result last Thursday 1 November. Industry industry companies reported $ 0.56 earnings per share for the quarter, lacking the consensus estimate of $ 0.60 with ($ 0.04). The company had a turnover of $ 2.95 billion for the quarter compared to analysts' expectations of $ 2.80 billion. The ball had a return on equity of 20.02% and a net margin of 4.21%. The company's quarterly revenue increased by 1.3% on an annual basis. During the same period last year, the business posted $ 0.52 EPS. As a group, research analysts predict that Ball Co. will add 2.21 earnings per share for the current year.
The business also recently declared a quarterly dividend paid on Monday, December 17th. Shareholders in record on Monday, December 3 will receive a dividend of $ 0.10 per share. This means an annual dividend of $ 0.40 and a return of 0.82%. The dividend date for this dividend is Friday 30 November. Bollen's payment rate is 19.61%.
Several research companies have recently commented on BLL. Zacks Investment Research raised the ball from a "sell" rating to a "team" rating in a report on Wednesday, October 10th. Vertical Research sent the ball from a "buy" rating to a "team" rating and set a $ 50.00 prize for the company. in a report on Friday, November 2nd. ValuEngine raised the ball from a "sell" grade to a "team" rating in a report Wednesday, October 17th. Bank of America raised its price target at Ball from $ 54.00 to $ 55.00 and gave the stock a "buy" rating in a report Friday 2 November. Finally, TheStreet Ball raised from a "c +" rating to a "b" rating in a report on Wednesday, August 1. Six investment analysts have rated the company with a rating and nine have issued a purchase price to the company's share. Ball has a consensus rating of "Buy" and an average price target of $ 50.00.
In other ball news, President John A. Hayes sold 96,667 shares of the company's share 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. After completion of the transaction, the President now owns 471,228 shares in the company's share, valued at $ 20,262,804. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. VP Jeff A. Knobel also sold 6,899 shares of the company's share in a transaction on Monday, November 5th. The share was sold at an average price of $ 47.42, for a total value of $ 327,150.58. Following the transaction, the Executive Vice President now directly holds 68,389 shares in the company's share, valued at approximately $ 3,243,006.38. The information for this sale can be found here. Insiders have sold 128,556 shares of limited companies valued at 5,593,832 USD in the last three months. 2.70% of the share is currently owned by the company's insiders.
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Ball Company Profile
Ball Corporation supplies metal packaging products to beverages, food, personal care and household industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and aerosol packaging; and space industry.
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