Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 45.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,161 shares of the industrial products company's stock after purchasing an additional 9,717 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Crown were worth $2,577,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CCK. Pacer Advisors Inc. increased its position in Crown by 10,138.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock valued at $256,762,000 after purchasing an additional 3,074,791 shares during the period. Metropolis Capital Ltd grew its position in shares of Crown by 269.7% in the 3rd quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company's stock worth $139,578,000 after buying an additional 1,062,001 shares during the last quarter. Jennison Associates LLC grew its position in shares of Crown by 125.0% in the 3rd quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company's stock worth $129,698,000 after buying an additional 751,530 shares during the last quarter. FMR LLC grew its position in shares of Crown by 9.3% in the 3rd quarter. FMR LLC now owns 8,787,606 shares of the industrial products company's stock worth $842,556,000 after buying an additional 749,085 shares during the last quarter. Finally, Swedbank AB grew its position in shares of Crown by 379.3% in the 4th quarter. Swedbank AB now owns 687,748 shares of the industrial products company's stock worth $56,870,000 after buying an additional 544,246 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Stock Performance

NYSE CCK traded down $0.31 on Friday, hitting $88.11. 716,116 shares of the company's stock traded hands, compared to its average volume of 1,372,174. The company has a current ratio of 1.22, a quick ratio of 0.84 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 firm's 50-day moving average price is $85.21 and its two-hundred day moving average price is $89.39. The firm has a market capitalization of $10.54 billion, a PE ratio of 24.75, a P/E/G ratio of 1.68 and a beta of 0.87.

Crown (NYSE:CCK - Get Free Report) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, analysts expect that Crown Holdings, Inc. will post 6.83 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CCK shares. Barclays cut their price objective on shares of Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a research report on Monday. Loop Capital lifted their price objective on shares of Crown from $120.00 to $129.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Citigroup lifted 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. 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, Bank of America lowered their target price on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Crown presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.69.

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.