Capital Advisors Ltd. LLC Acquires 497 Shares of Crown Holdings, Inc. (NYSE:CCK)

Capital Advisors Ltd. LLC grew its stake in Crown Holdings, Inc. (NYSE:CCKGet Rating) by 24.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,525 shares of the industrial products company’s stock after acquiring an additional 497 shares during the period. Capital Advisors Ltd. LLC’s holdings in Crown were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC lifted its position in shares of Crown by 1.5% in the 4th quarter. Nuveen Asset Management LLC now owns 3,174,194 shares of the industrial products company’s stock worth $351,129,000 after purchasing an additional 47,817 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Crown by 7.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,547,664 shares of the industrial products company’s stock worth $281,822,000 after acquiring an additional 184,022 shares in the last quarter. Boston Partners grew its stake in Crown by 24.4% in the fourth quarter. Boston Partners now owns 2,023,336 shares of the industrial products company’s stock valued at $223,818,000 after purchasing an additional 397,454 shares during the last quarter. Southpoint Capital Advisors LP grew its position in shares of Crown by 26.2% in the 4th quarter. Southpoint Capital Advisors LP now owns 2,000,000 shares of the industrial products company’s stock worth $221,240,000 after buying an additional 415,000 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Crown by 5.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,811,324 shares of the industrial products company’s stock worth $200,369,000 after acquiring an additional 91,133 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCK. Deutsche Bank Aktiengesellschaft reduced their price target on Crown from $137.00 to $135.00 in a research report on Tuesday, July 19th. Mizuho dropped their price objective on shares of Crown from $131.00 to $126.00 in a report on Wednesday, April 27th. Robert W. Baird cut their price objective on Crown from $165.00 to $130.00 in a report on Friday, July 22nd. Citigroup cut their price target on shares of Crown from $130.00 to $126.00 in a report on Friday, July 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Crown from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $132.64.

Insiders Place Their Bets

In related news, insider Djalma Novaes, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $105.38, for a total transaction of $526,900.00. Following the sale, the insider now directly owns 80,328 shares in the company, valued at $8,464,964.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Crown Stock Performance

NYSE:CCK opened at $90.30 on Friday. The company’s 50-day moving average is $95.78 and its two-hundred day moving average is $109.30. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of -30.20, a PEG ratio of 2.38 and a beta of 1.13. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.95 and a quick ratio of 0.59. Crown Holdings, Inc. has a 1-year low of $85.85 and a 1-year high of $130.42.

Crown (NYSE:CCKGet Rating) last posted its earnings results on Wednesday, July 20th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.07. Crown had a positive return on equity of 40.47% and a negative net margin of 3.07%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the firm earned $2.14 earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. Analysts forecast that Crown Holdings, Inc. will post 7.76 EPS for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, August 10th. This represents a $0.88 annualized dividend and a dividend yield of 0.97%. Crown’s dividend payout ratio is presently -29.43%.

Crown Company Profile

(Get Rating)

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food and beverage industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries.

Further Reading

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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