Ball Co. (BLL) VP Sells $327,150.58 in Stock
Ball Co. (NYSE:BLL) VP Jeff A. Knobel sold 6,899 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $47.42, for a total transaction of $327,150.58. Following the sale, the vice president now directly owns 68,389 shares in the company, valued at $3,243,006.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
NYSE:BLL opened at $48.68 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.69 and a current ratio of 1.01. Ball Co. has a 52 week low of $34.71 and a 52 week high of $49.18. The firm has a market capitalization of $16.57 billion, a PE ratio of 21.80, a PEG ratio of 4.02 and a beta of 0.74.
Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). Ball had a net margin of 4.21% and a return on equity of 20.02%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts forecast that Ball Co. will post 2.21 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in BLL. DnB Asset Management AS lifted its position in shares of Ball by 9.4% during the 2nd quarter. DnB Asset Management AS now owns 46,360 shares of the industrial products company’s stock valued at $1,648,000 after acquiring an additional 4,000 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Ball by 38.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 14,845 shares of the industrial products company’s stock valued at $528,000 after acquiring an additional 4,114 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Ball by 1.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 100,942 shares of the industrial products company’s stock valued at $3,588,000 after acquiring an additional 1,727 shares during the period. Addenda Capital Inc. lifted its position in shares of Ball by 125.7% during the 2nd quarter. Addenda Capital Inc. now owns 54,690 shares of the industrial products company’s stock valued at $1,745,000 after acquiring an additional 30,456 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Ball during the 2nd quarter valued at $4,228,000. Institutional investors own 85.78% of the company’s stock.
BLL has been the topic of a number of research reports. Zacks Investment Research lowered shares of Ball from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. Bank of America upped their price objective on shares of Ball from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, September 24th. Robert W. Baird upped their price objective on shares of Ball from $47.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Ball in a research note on Thursday, October 4th. Finally, ValuEngine raised shares of Ball from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.00.
Ball Company Profile
Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
Further Reading: Rule of 72
Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.