LS Investment Advisors LLC Boosts Position in Ball Corporation (BLL)

LS Investment Advisors LLC boosted its position in shares of Ball Corporation (NYSE:BLL) by 106.9% during the second quarter, Holdings Channel reports. The fund owned 19,318 shares of the industrial products company’s stock after buying an additional 9,980 shares during the period. LS Investment Advisors LLC’s holdings in Ball Corporation were worth $815,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BLL. BlackRock Inc. increased its stake in Ball Corporation by 2,907.6% in the first quarter. BlackRock Inc. now owns 10,298,454 shares of the industrial products company’s stock worth $764,763,000 after buying an additional 9,956,034 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Ball Corporation by 15.8% in the first quarter. JPMorgan Chase & Co. now owns 7,054,566 shares of the industrial products company’s stock worth $523,873,000 after buying an additional 962,025 shares during the last quarter. Iridian Asset Management LLC CT purchased a new stake in Ball Corporation during the first quarter worth $69,447,000. SPF Beheer BV increased its stake in Ball Corporation by 106.7% in the second quarter. SPF Beheer BV now owns 1,739,920 shares of the industrial products company’s stock worth $73,442,000 after buying an additional 898,244 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in Ball Corporation by 25.8% in the first quarter. William Blair Investment Management LLC now owns 3,492,613 shares of the industrial products company’s stock worth $259,361,000 after buying an additional 715,352 shares during the last quarter. Institutional investors and hedge funds own 43.61% of the company’s stock.

Ball Corporation (BLL) opened at 42.92 on Friday. Ball Corporation has a 52 week low of $34.34 and a 52 week high of $42.96. The stock’s 50 day moving average price is $41.74 and its 200-day moving average price is $64.05. The company has a market capitalization of $15.07 billion, a PE ratio of 31.93 and a beta of 0.96.

Ball Corporation (NYSE:BLL) last announced its earnings results on Thursday, May 4th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Ball Corporation had a net margin of 4.59% and a return on equity of 16.46%. The business’s revenue was up 40.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, equities research analysts predict that Ball Corporation will post $2.15 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on BLL shares. ValuEngine downgraded Ball Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Ball Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 5th. Jefferies Group LLC restated a “buy” rating and set a $47.00 price target on shares of Ball Corporation in a research report on Sunday, June 25th. BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, BMO Capital Markets restated a “hold” rating and set a $39.50 price target on shares of Ball Corporation in a research report on Wednesday, April 12th. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $43.90.

In other news, Chairman John A. Hayes sold 2,717 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $80.62, for a total transaction of $219,044.54. Following the sale, the chairman now directly owns 206,255 shares in the company, valued at approximately $16,628,278.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Daniel William Fisher sold 1,000 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $79.75, for a total transaction of $79,750.00. Following the sale, the chief operating officer now owns 4,922 shares in the company, valued at $392,529.50. The disclosure for this sale can be found here. Insiders have sold a total of 77,732 shares of company stock worth $3,309,230 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

About Ball Corporation

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 Corporation (NYSE:BLL)

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