WINTON GROUP Ltd Buys New Stake in Crown Holdings, Inc. (NYSE:CCK)

WINTON GROUP Ltd purchased a new position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,255 shares of the industrial products company's stock, valued at approximately $517,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. lifted its holdings in 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 valued at $256,762,000 after acquiring an additional 3,074,791 shares during the period. Metropolis Capital Ltd lifted its holdings in 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 purchasing an additional 1,000,605 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Crown in the fourth quarter valued at about $66,732,000. Swedbank AB grew its position in shares of Crown by 379.3% in the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company's stock valued at $56,870,000 after purchasing an additional 544,246 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Crown by 47.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,269,874 shares of the industrial products company's stock worth $121,756,000 after purchasing an additional 408,828 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Trading Down 6.3 %

NYSE:CCK traded down $5.62 on Friday, hitting $83.10. The stock had a trading volume of 2,029,641 shares, compared to its average volume of 1,188,643. The company has a fifty day moving average price of $88.44 and a two-hundred day moving average price of $89.37. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The stock 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.

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

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.26 dividend. This is a positive change from Crown's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, March 18th. Crown's payout ratio is 29.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CCK shares. UBS Group lowered their price objective on Crown from $113.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, January 10th. StockNews.com upgraded Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Wells Fargo & Company raised their price objective on Crown from $86.00 to $90.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. Morgan Stanley raised shares of 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. Finally, Truist Financial raised their price target on shares of Crown from $103.00 to $104.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.00.

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.