Bfsg LLC Lowers Holdings in Crown Holdings, Inc. (NYSE:CCK)

Bfsg LLC reduced its position in Crown Holdings, Inc. (NYSE:CCK) by 8.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,140 shares of the industrial products company’s stock after selling 205 shares during the quarter. Bfsg LLC’s holdings in Crown were worth $191,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CCK. Norges Bank purchased a new stake in Crown in the 4th quarter valued at approximately $113,568,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of Crown during the 4th quarter worth approximately $66,732,000. Vulcan Value Partners LLC lifted its holdings in shares of Crown by 450.5% in the 4th quarter. Vulcan Value Partners LLC now owns 823,691 shares of the industrial products company’s stock valued at $68,027,000 after buying an additional 674,072 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Crown by 146.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,008,500 shares of the industrial products company’s stock valued at $83,393,000 after buying an additional 599,000 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Crown by 30.6% during the fourth quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company’s stock worth $140,720,000 after acquiring an additional 399,842 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Down 0.5%

Shares of NYSE CCK opened at $101.03 on Wednesday. The firm’s 50-day moving average is $94.93 and its two-hundred day moving average is $89.49. The company has a market capitalization of $11.76 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 1.75 and a beta of 0.76. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $102.00. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.87 and a quick ratio of 0.56.

Crown (NYSE:CCK) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.45. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. Crown had a return on equity of 26.98% and a net margin of 4.62%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.02 EPS. Equities analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, May 15th. Crown’s payout ratio is currently 22.37%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCK. Mizuho raised their target price on Crown from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. UBS Group increased their price target on shares of Crown from $109.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Royal Bank Of Canada raised their price objective on shares of Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Wall Street Zen lowered shares of Crown from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Barclays increased their target price on shares of Crown from $109.00 to $117.00 and gave the company an “overweight” rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and an average target price of $110.45.

Insider Buying and Selling

In other news, VP Christy L. Kalaus sold 2,130 shares of Crown stock in a transaction on Friday, May 16th. The stock was sold at an average price of $99.41, for a total value of $211,743.30. Following the completion of the sale, the vice president now owns 4,500 shares of the company’s stock, valued at $447,345. The trade was a 32.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the transaction, the chief operating officer now owns 135,014 shares in the company, valued at $13,096,358. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

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.