APG Asset Management N.V. cut its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 14.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,034,739 shares of the industrial products company’s stock after selling 168,200 shares during the quarter. APG Asset Management N.V. owned 0.76% of Crown Holdings worth $61,795,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in shares of Crown Holdings by 12.1% during the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after buying an additional 185 shares in the last quarter. Creative Planning boosted its position in Crown Holdings by 1.3% during the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 23 shares during the last quarter. Oakbrook Investments LLC acquired a new position in Crown Holdings during the third quarter valued at approximately $207,000. Two Sigma Securities LLC acquired a new position in Crown Holdings during the first quarter valued at approximately $207,000. Finally, Acrospire Investment Management LLC boosted its position in Crown Holdings by 1,990.5% during the second quarter. Acrospire Investment Management LLC now owns 4,181 shares of the industrial products company’s stock valued at $249,000 after purchasing an additional 3,981 shares during the last quarter. Institutional investors and hedge funds own 90.91% of the company’s stock.
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Several research analysts recently commented on CCK shares. Jefferies Group LLC reissued a “buy” rating and set a $70.00 price target (up from $63.00) on shares of Crown Holdings in a research report on Friday, July 14th. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Monday, October 2nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Crown Holdings in a research report on Monday, September 4th. Vertical Research cut Crown Holdings from a “buy” rating to a “hold” rating and raised their price objective for the company from $60.00 to $64.00 in a research report on Friday, July 21st. Finally, KeyCorp reaffirmed a “hold” rating on shares of Crown Holdings in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $64.20.
Shares of Crown Holdings, Inc. (NYSE:CCK) remained flat at $$59.15 on Friday. 764,400 shares of the company’s stock traded hands, compared to its average volume of 797,939. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $61.61. The company has a current ratio of 1.04, a quick ratio of 0.57 and a debt-to-equity ratio of 4.60. The company has a market cap of $7,942.24, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 2.10 and a beta of 1.44.
Crown Holdings (NYSE:CCK) last released its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.41. Crown Holdings had a return on equity of 60.44% and a net margin of 5.64%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the business posted $1.33 EPS. Crown Holdings’s revenue for the quarter was up 6.1% on a year-over-year basis. equities analysts expect that Crown Holdings, Inc. will post 4.03 earnings per share for the current year.
About Crown Holdings
Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.
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