Mount Capital Ltd lifted its position in Crown Holdings, Inc. (NYSE:CCK – Free Report) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,700 shares of the industrial products company’s stock after acquiring an additional 43,100 shares during the quarter. Crown accounts for approximately 14.7% of Mount Capital Ltd’s investment portfolio, making the stock its 3rd largest holding. Mount Capital Ltd’s holdings in Crown were worth $36,318,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC raised its holdings in shares of Crown by 23.8% in the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 91 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Crown by 12.5% in the fourth quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 104 shares in the last quarter. ORG Partners LLC grew its stake in Crown by 52.5% in the fourth quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the last quarter. Finally, Siemens Fonds Invest GmbH grew its stake in Crown by 7.7% in the third quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock valued at $157,000 after purchasing an additional 116 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.
Crown Trading Up 0.3%
Shares of NYSE:CCK opened at $93.33 on Friday. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $116.62. The company has a market capitalization of $10.43 billion, a PE ratio of 14.86, a PEG ratio of 1.54 and a beta of 0.63. The business has a 50 day moving average of $100.37 and a two-hundred day moving average of $102.96. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67.
Crown Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.5%. Crown’s payout ratio is presently 22.29%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their price target on Crown from $111.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Crown in a research report on Wednesday, April 1st. They issued a “buy” rating and a $124.00 target price on the stock. UBS Group dropped their target price on Crown from $120.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upgraded Crown from a “neutral” rating to an “overweight” rating and set a $107.00 target price on the stock in a research report on Monday, May 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research report on Friday, March 27th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.00.
Get Our Latest Analysis on Crown
Insider Transactions at Crown
In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total value of $801,375.00. Following the completion of the transaction, the chief executive officer directly owned 451,070 shares of the company’s stock, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.90% of the company’s stock.
Crown Profile
Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.
Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.
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