Trexquant Investment LP Purchases 76,728 Shares of Crown Holdings, Inc. (NYSE:CCK)

Trexquant Investment LP lifted its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,364 shares of the industrial products company's stock after buying an additional 76,728 shares during the quarter. Trexquant Investment LP owned about 0.29% of Crown worth $29,054,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Crown by 1.8% in the 4th quarter. Victory Capital Management Inc. now owns 5,779,691 shares of the industrial products company's stock valued at $477,923,000 after acquiring an additional 102,789 shares in the last quarter. State Street Corp raised its stake in Crown by 1.8% during the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company's stock valued at $383,559,000 after purchasing an additional 69,260 shares in the last quarter. Pacer Advisors Inc. boosted its holdings 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 acquiring an additional 3,074,791 shares during the period. Bank of New York Mellon Corp raised its holdings in Crown by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,967,810 shares of the industrial products company's stock worth $245,408,000 after purchasing an additional 283,014 shares in the last quarter. Finally, Metropolis Capital Ltd grew its holdings in shares of Crown by 68.7% during the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company's stock valued at $203,116,000 after buying an additional 1,000,605 shares during the last quarter. Institutional investors own 90.93% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on CCK. Bank of America dropped their target price on shares of Crown from $107.00 to $101.00 and set a "buy" rating for the company in a report on Monday, January 6th. Citigroup upped their target price on Crown from $110.00 to $111.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Barclays lowered their target price on Crown from $112.00 to $109.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company lifted their price target on Crown from $86.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Finally, Mizuho decreased their target price on shares of Crown from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $106.00.

Crown Stock Down 6.3 %

Shares of CCK traded down $5.62 during midday trading on Friday, reaching $83.10. The stock had a trading volume of 2,029,641 shares, compared to its average volume of 1,190,963. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The company's fifty day simple moving average is $88.44 and its two-hundred day simple moving average is $89.37. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS 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%. Equities research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th were given a $0.26 dividend. This is an increase from Crown's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.25%. Crown's dividend payout ratio is presently 29.21%.

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.