First Trust Advisors LP raised its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 93.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 168,435 shares of the industrial products company’s stock after purchasing an additional 81,463 shares during the quarter. First Trust Advisors LP’s holdings in Crown were worth $12,218,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in Crown during the 4th quarter valued at approximately $29,000. CIBC Private Wealth Group LLC grew its holdings in Crown by 1.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 265,972 shares of the industrial products company’s stock valued at $19,293,000 after buying an additional 3,642 shares in the last quarter. John G Ullman & Associates Inc. purchased a new stake in Crown during the 4th quarter valued at approximately $2,370,000. Chartwell Investment Partners LLC purchased a new stake in Crown during the 4th quarter valued at approximately $277,000. Finally, Columbus Circle Investors grew its holdings in Crown by 12.9% during the 4th quarter. Columbus Circle Investors now owns 576,320 shares of the industrial products company’s stock valued at $41,806,000 after buying an additional 66,069 shares in the last quarter. Institutional investors and hedge funds own 93.25% of the company’s stock.
In related news, VP David A. Beaver sold 1,200 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $75.68, for a total value of $90,816.00. Company insiders own 1.90% of the company’s stock.
CCK stock opened at $80.00 on Friday. The firm has a fifty day moving average price of $74.46 and a 200 day moving average price of $70.13. Crown Holdings, Inc. has a fifty-two week low of $53.07 and a fifty-two week high of $80.57. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.64 and a current ratio of 1.12. The firm has a market cap of $10.84 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.08 and a beta of 1.48.
Crown (NYSE:CCK) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.09. Crown had a net margin of 4.37% and a return on equity of 39.58%. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the firm posted $1.00 earnings per share. Crown’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Crown Holdings, Inc. will post 5.48 EPS for the current year.
A number of brokerages have issued reports on CCK. ValuEngine lowered shares of Crown from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Barclays increased their price objective on shares of Crown from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. BMO Capital Markets increased their price objective on shares of Crown from $72.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Citigroup set a $79.00 target price on shares of Crown and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada raised their target price on shares of Crown from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Crown currently has a consensus rating of “Buy” and an average price target of $81.20.
Crown Company Profile
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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