First Trust Advisors LP grew its position in Crown Holdings, Inc. (NYSE:CCK) by 236.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,894 shares of the industrial products company’s stock after purchasing an additional 56,876 shares during the period. First Trust Advisors LP owned about 0.06% of Crown Holdings worth $4,831,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BB&T Corp raised its holdings in Crown Holdings by 9.2% in the third quarter. BB&T Corp now owns 25,855 shares of the industrial products company’s stock worth $1,545,000 after purchasing an additional 2,172 shares during the period. Strs Ohio raised its holdings in Crown Holdings by 304.9% in the third quarter. Strs Ohio now owns 365,206 shares of the industrial products company’s stock worth $21,810,000 after purchasing an additional 275,000 shares during the period. Oakbrook Investments LLC acquired a new stake in Crown Holdings in the third quarter worth $207,000. Quantitative Systematic Strategies LLC acquired a new stake in Crown Holdings in the third quarter worth $806,000. Finally, Shell Asset Management Co. raised its holdings in Crown Holdings by 162.8% in the third quarter. Shell Asset Management Co. now owns 23,981 shares of the industrial products company’s stock worth $1,068,000 after purchasing an additional 14,856 shares during the period. Institutional investors own 91.37% of the company’s stock.
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Several equities research analysts have weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Crown Holdings in a report on Friday, November 10th. Barclays PLC increased their target price on shares of Crown Holdings from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Wells Fargo & Company increased their target price on shares of Crown Holdings from $57.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Zacks Investment Research lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BMO Capital Markets restated a “buy” rating and set a $65.00 price objective on shares of Crown Holdings in a report on Monday, September 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Crown Holdings currently has an average rating of “Hold” and a consensus price target of $64.20.
Shares of Crown Holdings, Inc. (NYSE:CCK) opened at $58.61 on Friday. Crown Holdings, Inc. has a twelve month low of $51.57 and a twelve month 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 $7,912.70, a price-to-earnings ratio of 14.88, a P/E/G ratio of 2.09 and a beta of 1.44.
Crown Holdings (NYSE:CCK) last released its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.39 billion. Crown Holdings had a net margin of 5.64% and a return on equity of 60.44%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. analysts predict that Crown Holdings, Inc. will post 4.03 EPS 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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