Nordea Investment Management AB Buys 176,959 Shares of Crown Holdings, Inc. (NYSE:CCK)

Nordea Investment Management AB boosted its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 19.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,095,382 shares of the industrial products company's stock after acquiring an additional 176,959 shares during the quarter. Nordea Investment Management AB owned 0.92% of Crown worth $90,511,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Everence Capital Management Inc. bought a new stake in Crown during the fourth quarter worth about $348,000. GAMMA Investing LLC grew its holdings in Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after acquiring an additional 261 shares during the last quarter. Franklin Resources Inc. raised its position in Crown by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 941,033 shares of the industrial products company's stock worth $87,949,000 after purchasing an additional 32,909 shares during the last quarter. Tidal Investments LLC boosted its holdings in Crown by 121.3% in the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company's stock valued at $2,109,000 after acquiring an additional 12,058 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Crown by 48.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 16,575 shares of the industrial products company's stock valued at $1,589,000 after acquiring an additional 5,397 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Crown

In other Crown news, COO Gerard H. Gifford sold 10,000 shares of Crown stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $95.89, for a total value of $958,900.00. Following the sale, the chief operating officer now owns 114,402 shares of the company's stock, valued at $10,970,007.78. The trade was a 8.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, the chief executive officer now owns 563,678 shares of the company's stock, valued at $54,524,572.94. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Crown from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Citigroup lifted their price target on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research note on Monday. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a report on Thursday, January 2nd. Mizuho decreased their price target on Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Robert W. Baird boosted their target price on Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Crown currently has an average rating of "Moderate Buy" and an average target price of $104.62.

Crown Price Performance

Shares of CCK traded down $0.40 during mid-day trading on Wednesday, reaching $79.94. The stock had a trading volume of 1,376,026 shares, compared to its average volume of 1,017,025. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 98.69, a PEG ratio of 1.95 and a beta of 0.86. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $98.46. The business has a fifty day moving average of $88.54 and a 200 day moving average of $87.79. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.18. Crown had a return on equity of 24.57% and a net margin of 0.83%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.07 billion. Equities analysts predict that Crown Holdings, Inc. will post 6.34 EPS for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.25%. Crown's payout ratio is 123.46%.

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.