Virtu Financial LLC Invests $861,000 in Crown Holdings, Inc. (NYSE:CCK)

Virtu Financial LLC bought a new position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,977 shares of the industrial products company's stock, valued at approximately $861,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Crown by 6.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company's stock worth $205,000 after purchasing an additional 158 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Crown by 110.9% in the third 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 during the last quarter. Fifth Third Bancorp raised its holdings in Crown by 36.1% during the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company's stock worth $49,000 after purchasing an additional 176 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Crown by 2.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company's stock worth $894,000 after purchasing an additional 183 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Crown by 3.8% in the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company's stock valued at $481,000 after purchasing an additional 185 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CCK shares. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a report on Saturday, October 26th. Royal Bank of Canada boosted their price objective on Crown from $105.00 to $113.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Robert W. Baird lifted their target price on Crown from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Wells Fargo & Company increased their price target on Crown from $97.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Finally, Citigroup lifted their price objective on shares of Crown from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Crown has a consensus rating of "Moderate Buy" and an average target price of $106.62.

Crown Stock Down 0.2 %

Shares of Crown stock traded down $0.20 on Friday, hitting $87.88. The company had a trading volume of 1,088,326 shares, compared to its average volume of 1,137,063. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 108.49, a P/E/G ratio of 1.95 and a beta of 0.83. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.84 and a current ratio of 1.21. Crown Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $98.46. The stock has a 50 day moving average of $92.45 and a 200-day moving average of $87.44.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.18. The business 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%. As a group, sell-side analysts forecast that Crown Holdings, Inc. will post 6.34 earnings per share for the current year.

Crown Announces Dividend

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

Insider Transactions at Crown

In related news, CEO Timothy J. Donahue sold 7,500 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $93.00, for a total transaction of $697,500.00. Following the completion of the sale, the chief executive officer now owns 571,178 shares in the company, valued at approximately $53,119,554. This trade represents a 1.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Gerard H. Gifford sold 10,000 shares of the business's stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total transaction of $958,900.00. Following the completion of the transaction, the chief operating officer now owns 114,402 shares in the company, valued at approximately $10,970,007.78. The trade was a 8.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,006 shares of company stock worth $2,478,049 in the last 90 days. Insiders own 0.90% of the company's stock.

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.