Quantinno Capital Management LP Purchases 15,170 Shares of Crown Holdings, Inc. (NYSE:CCK)

Quantinno Capital Management LP increased its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 128.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,999 shares of the industrial products company's stock after purchasing an additional 15,170 shares during the quarter. Quantinno Capital Management LP's holdings in Crown were worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in Crown by 110.9% during the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 163 shares in the last quarter. Covestor Ltd boosted its position in Crown by 156.5% during the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company's stock valued at $44,000 after acquiring an additional 277 shares in the last quarter. Brooklyn Investment Group bought a new stake in Crown during the 3rd quarter valued at approximately $44,000. Blue Trust Inc. lifted its holdings in shares of Crown by 172.6% during the second quarter. Blue Trust Inc. now owns 608 shares of the industrial products company's stock valued at $48,000 after purchasing an additional 385 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Crown during the third quarter valued at approximately $48,000. 90.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCK. Royal Bank of Canada lifted their target price on shares of Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a report on Saturday, October 26th. Mizuho set a $110.00 target price on shares of Crown in a report on Friday, October 18th. Robert W. Baird lifted their target price on shares of Crown from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Finally, Citigroup lifted their target price on shares of Crown from $100.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $106.62.

Crown Stock Performance

CCK traded up $0.38 during mid-day trading on Wednesday, reaching $88.10. 639,768 shares of the company traded hands, compared to its average volume of 1,133,178. The stock has a market capitalization of $10.54 billion, a P/E ratio of 108.30, a P/E/G ratio of 1.96 and a beta of 0.84. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. The company's fifty day moving average price is $92.79 and its 200-day moving average price is $87.40. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $98.46.

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

Crown Dividend Announcement

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

Insider Activity

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company's stock in a transaction on Monday, October 7th. The shares were sold at an average price of $93.00, for a total value of $697,500.00. Following the completion of the transaction, the chief executive officer now owns 571,178 shares of the company's stock, valued at approximately $53,119,554. This represents a 1.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James H. Miller sold 1,006 shares of the company's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $95.60, for a total transaction of $96,173.60. Following the completion of the transaction, the director now directly owns 12,424 shares of the company's stock, valued at $1,187,734.40. This represents a 7.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,006 shares of company stock valued at $2,478,049 in the last 90 days. Company insiders own 0.90% of the company's stock.

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.