Dynamic Technology Lab Private Ltd Cuts Holdings in Crown Holdings, Inc. (NYSE:CCK)

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 63.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,850 shares of the industrial products company's stock after selling 13,351 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Crown were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCK. Pacer Advisors Inc. raised its stake in shares of Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock valued at $256,762,000 after buying an additional 3,074,791 shares during the last quarter. Norges Bank acquired a new stake in Crown during the fourth quarter worth about $113,568,000. Metropolis Capital Ltd increased its holdings in shares of Crown by 68.7% during the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock valued at $203,116,000 after purchasing an additional 1,000,605 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of Crown in the fourth quarter worth about $66,732,000. Finally, Swedbank AB boosted its position in Crown by 379.3% during the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company's stock worth $56,870,000 after purchasing an additional 544,246 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on CCK. Royal Bank of Canada increased their price objective on shares of Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, February 7th. 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 dropped their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. UBS Group lowered their price target on shares of Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Finally, Barclays dropped their price objective on shares of Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, Crown presently has a consensus rating of "Moderate Buy" and an average price target of $106.00.

Crown Trading Up 2.1 %

NYSE:CCK traded up $1.72 on Friday, reaching $83.75. The company's stock had a trading volume of 846,487 shares, compared to its average volume of 1,200,198. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $98.46. The stock has a 50 day moving average price of $87.53 and a 200 day moving average price of $88.71. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Tuesday, March 18th. This is a boost from Crown's previous quarterly dividend of $0.25. Crown's dividend payout ratio is currently 29.21%.

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.