Sumitomo Mitsui Trust Group Inc. Reduces Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Sumitomo Mitsui Trust Group Inc. lowered its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,588 shares of the industrial products company's stock after selling 4,453 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Crown worth $20,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Crown by 9.3% in the third 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 period. Victory Capital Management Inc. raised its stake in shares of Crown by 7.8% in the third quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company's stock worth $544,301,000 after buying an additional 412,973 shares during the period. State Street Corp raised its stake in shares of Crown by 1.8% in the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company's stock worth $383,559,000 after buying an additional 69,260 shares during the period. Pacer Advisors Inc. raised its stake in shares of Crown by 10,138.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company's stock worth $256,762,000 after buying an additional 3,074,791 shares during the period. Finally, Metropolis Capital Ltd raised its stake in Crown by 68.7% during the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock valued at $203,116,000 after purchasing an additional 1,000,605 shares during the period. Institutional investors own 90.93% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCK. Royal Bank of Canada lifted their target price on Crown from $113.00 to $115.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Loop Capital lifted their target price on Crown from $120.00 to $129.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their target price on Crown from $86.00 to $90.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Citigroup lifted their target price on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, Morgan Stanley upgraded Crown from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $109.00 to $105.00 in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and an average target price of $105.69.

Crown Stock Down 0.3 %

NYSE CCK traded down $0.31 on Friday, reaching $88.11. 716,116 shares of the stock traded hands, compared to its average volume of 1,482,449. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.84 and a current ratio of 1.22. The company has a fifty day moving average price of $85.21 and a 200-day moving average price of $89.41. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.68 and a beta of 0.87. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46.

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

Crown 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.