Public Employees Retirement System of Ohio Raises Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Public Employees Retirement System of Ohio grew its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 43.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,071 shares of the industrial products company's stock after purchasing an additional 19,492 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of Crown worth $6,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its holdings in Crown by 12.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 36,467 shares of the industrial products company's stock worth $3,496,000 after purchasing an additional 4,020 shares during the last quarter. XTX Topco Ltd raised its holdings in Crown by 56.6% during the 3rd quarter. XTX Topco Ltd now owns 10,834 shares of the industrial products company's stock worth $1,039,000 after purchasing an additional 3,915 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Crown during the 3rd quarter worth approximately $641,000. iA Global Asset Management Inc. raised its holdings in Crown by 169.0% during the 3rd quarter. iA Global Asset Management Inc. now owns 5,326 shares of the industrial products company's stock worth $511,000 after purchasing an additional 3,346 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in Crown during the 3rd quarter worth approximately $10,182,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Crown

In related news, Director James H. Miller sold 1,006 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $95.60, for a total value of $96,173.60. Following the sale, the director now directly owns 12,424 shares in the company, valued at approximately $1,187,734.40. The trade was a 7.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the sale, the chief executive officer now owns 563,678 shares in the company, valued at approximately $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. In the last three months, insiders have sold 26,006 shares of company stock worth $2,478,049. Company insiders own 0.90% of the company's stock.

Crown Stock Performance

Shares of NYSE CCK traded down $0.20 during mid-day trading on Friday, reaching $87.88. 1,088,326 shares of the company's stock were exchanged, compared to its average volume of 1,137,063. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of 108.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $98.46. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. The firm has a 50-day moving average price of $92.45 and a two-hundred day moving average price of $87.47.

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

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Thursday, November 14th. Crown's dividend payout ratio is currently 123.46%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Mizuho set a $110.00 price objective on shares of Crown in a research report on Friday, October 18th. Robert W. Baird raised their price objective on shares of Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Morgan Stanley raised their price objective on shares of Crown from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Wells Fargo & Company raised their price objective on shares of Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Finally, StockNews.com raised shares of Crown from a "hold" rating to a "buy" rating in a research report on Saturday, October 26th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.62.

Crown Company Profile

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.