Aberdeen Asset Management PLC UK lifted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 120.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,256 shares of the industrial products company’s stock after buying an additional 14,910 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Crown Holdings were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Creative Planning lifted its stake in shares of Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after buying an additional 23 shares in the last quarter. Cadence Capital Management LLC purchased a new position in shares of Crown Holdings in the first quarter worth about $200,000. Two Sigma Securities LLC purchased a new position in shares of Crown Holdings in the first quarter worth about $207,000. Achmea Investment Management B.V. purchased a new position in shares of Crown Holdings in the first quarter worth about $227,000. Finally, Pennsylvania Trust Co purchased a new position in shares of Crown Holdings in the second quarter worth about $251,000. 90.12% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities analysts have recently weighed in on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $61.00 price target (up from $58.00) on shares of Crown Holdings in a research note on Tuesday, July 18th. KeyCorp reaffirmed a “hold” rating on shares of Crown Holdings in a research note on Thursday, July 20th. Barclays PLC reaffirmed an “overweight” rating and set a $69.00 target price (up from $63.00) on shares of Crown Holdings in a research note on Monday, July 24th. Zacks Investment Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Monday, July 24th. Finally, Vertical Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating and lifted their target price for the stock from $60.00 to $64.00 in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $64.56.
Shares of Crown Holdings, Inc. (NYSE:CCK) opened at 60.58 on Wednesday. The firm’s 50 day moving average is $58.77 and its 200-day moving average is $57.04. Crown Holdings, Inc. has a 12 month low of $51.57 and a 12 month high of $61.39. The firm has a market capitalization of $8.20 billion, a PE ratio of 17.35 and a beta of 1.39.
Crown Holdings (NYSE:CCK) last released its earnings results on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. On average, analysts expect that Crown Holdings, Inc. will post $4.03 EPS for the current fiscal year.
Crown Holdings Company Profile
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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