Lbp Am Sa Increases Stock Position in Crown Holdings, Inc. (NYSE:CCK)

LBP AM SA grew its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 52.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,481 shares of the industrial products company's stock after purchasing an additional 18,992 shares during the period. LBP AM SA's holdings in Crown were worth $4,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CCK. US Bancorp DE raised its holdings in shares of Crown by 189.5% during the third quarter. US Bancorp DE now owns 2,148 shares of the industrial products company's stock valued at $206,000 after purchasing an additional 1,406 shares during the period. Covestor Ltd raised its holdings in shares of Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock valued at $44,000 after purchasing an additional 277 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Crown by 17.1% during the third quarter. Crossmark Global Holdings Inc. now owns 10,766 shares of the industrial products company's stock valued at $1,032,000 after purchasing an additional 1,573 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Crown during the third quarter valued at about $613,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Crown by 4.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company's stock valued at $23,878,000 after purchasing an additional 10,295 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently commented on CCK. Morgan Stanley raised shares of Crown from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Barclays decreased their target price on shares of Crown from $112.00 to $109.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Mizuho decreased their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Bank of America decreased their target price on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Citigroup upped their price objective on shares of Crown from $110.00 to $111.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $106.00.

Crown Stock Performance

Shares of Crown stock traded up $0.16 on Wednesday, reaching $90.58. 854,116 shares of the company traded hands, compared to its average volume of 1,129,924. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The company has a 50 day moving average of $87.31 and a 200 day moving average of $89.54. The firm has a market capitalization of $10.65 billion, a PE ratio of 25.44, a PEG ratio of 1.56 and a beta of 0.88. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share 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%. Equities analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. This is a boost from Crown's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, March 18th. Crown's dividend payout ratio is presently 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.