Proficio Capital Partners LLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,780 shares of the industrial products company's stock, valued at approximately $1,884,000.
Several other large investors also recently modified their holdings of CCK. US Bancorp DE grew its position in Crown by 189.5% in the 3rd 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. Robeco Institutional Asset Management B.V. boosted its stake in Crown by 76.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 44,466 shares of the industrial products company's stock valued at $4,263,000 after purchasing an additional 19,313 shares during the last quarter. QRG Capital Management Inc. bought a new stake in Crown during the 3rd quarter worth approximately $210,000. Catalyst Capital Advisors LLC purchased a new position in shares of Crown during the third quarter valued at approximately $48,000. Finally, Capital Performance Advisors LLP bought a new stake in Crown during the third quarter worth $144,000. Institutional investors and hedge funds own 90.93% of the company's stock.
Crown Stock Performance
Shares of NYSE CCK traded down $0.50 during mid-day trading on Monday, hitting $91.24. The company had a trading volume of 2,071,304 shares, compared to its average volume of 1,132,771. 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 Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $98.46. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.56 and a beta of 0.88. The stock's 50-day moving average price is $86.18 and its 200-day moving average price is $89.55.
Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, sell-side analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.
Crown Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.14%. This is a boost from Crown's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, March 18th. Crown's payout ratio is presently 29.21%.
Analysts Set New Price Targets
Several research firms have commented on CCK. Bank of America dropped their target price on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Citigroup increased their price target on shares of Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Royal Bank of Canada lifted their price objective on shares of Crown from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Barclays reduced 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. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $106.00.
Check Out Our Latest Stock Analysis on CCK
About Crown
(
Free Report)
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.
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