Crown Holdings, Inc. (NYSE:CCK) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,875 shares of the industrial products company's stock after selling 4,692 shares during the quarter. D.A. Davidson & CO.'s holdings in Crown were worth $3,711,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after buying an additional 117 shares in the last quarter. Spire Wealth Management lifted its holdings in Crown by 16.2% in the 4th quarter. Spire Wealth Management now owns 992 shares of the industrial products company's stock worth $82,000 after purchasing an additional 138 shares in the last quarter. Marshall & Sullivan Inc. WA lifted its holdings in Crown by 0.3% in the 4th quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company's stock worth $4,735,000 after purchasing an additional 155 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Crown by 0.4% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,445 shares of the industrial products company's stock worth $3,758,000 after purchasing an additional 165 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Crown by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company's stock worth $894,000 after purchasing an additional 183 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Price Performance

CCK traded down $1.34 during trading on Friday, hitting $87.33. The company's stock had a trading volume of 1,884,481 shares, compared to its average volume of 1,365,361. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 24.53, a P/E/G ratio of 1.55 and a beta of 0.87. The business's fifty day simple moving average is $85.25 and its 200 day simple moving average is $89.42. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month 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.

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, topping analysts' consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, equities research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Analysts Set New Price Targets

CCK has been the topic of several recent research reports. Bank of America decreased their price objective on Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Mizuho cut their target price on Crown from $110.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Barclays cut their target price on Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. UBS Group cut their price objective on Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada upped their price objective on Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.69.

About Crown

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.