APG Asset Management N.V. Buys 64,413 Shares of Crown Holdings, Inc. (NYSE:CCK)

APG Asset Management N.V. raised its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 251.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,075 shares of the industrial products company's stock after purchasing an additional 64,413 shares during the quarter. APG Asset Management N.V. owned about 0.08% of Crown worth $7,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CCK. Greenland Capital Management LP bought a new position in shares of Crown in the fourth quarter worth $426,000. Abacus FCF Advisors LLC raised its position in shares of Crown by 46.5% during the 4th quarter. Abacus FCF Advisors LLC now owns 22,655 shares of the industrial products company's stock worth $1,873,000 after buying an additional 7,192 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Crown by 146.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,008,500 shares of the industrial products company's stock valued at $83,393,000 after acquiring an additional 599,000 shares in the last quarter. Bank of Nova Scotia raised its holdings in Crown by 90.2% during the fourth quarter. Bank of Nova Scotia now owns 78,942 shares of the industrial products company's stock worth $6,528,000 after purchasing an additional 37,428 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Crown by 14.4% during the 4th quarter. Invesco Ltd. now owns 335,672 shares of the industrial products company's stock valued at $27,757,000 after purchasing an additional 42,182 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on CCK. Citigroup upped their price objective on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a report on Monday, January 6th. Barclays dropped their target price on shares of Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Bank of America dropped their price target on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Truist Financial raised their price objective on Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.00.

Crown Stock Down 1.4 %

NYSE CCK traded down $1.21 during trading on Tuesday, reaching $84.83. 832,828 shares of the company's stock were exchanged, compared to its average volume of 1,196,665. The firm has a market capitalization of $9.92 billion, a PE ratio of 23.83, a P/E/G ratio of 1.56 and a beta of 0.79. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The company's fifty day simple moving average is $87.55 and its 200-day simple moving average is $88.65.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Sell-side analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.26 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.23%. This is an increase from Crown's previous quarterly dividend of $0.25. Crown's dividend payout ratio is currently 29.21%.

Crown Company Profile

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.