Russell Investments Group Ltd. lowered its holdings in Crown Holdings, Inc. (NYSE:CCK) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,591 shares of the industrial products company’s stock after selling 2,350 shares during the period. Russell Investments Group Ltd. owned approximately 0.26% of Crown worth $20,519,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of Crown by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 433,137 shares of the industrial products company’s stock valued at $22,933,000 after purchasing an additional 23,836 shares during the period. Creative Planning boosted its stake in shares of Crown by 1.3% in 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 period. Aperio Group LLC boosted its stake in shares of Crown by 11.3% in the second quarter. Aperio Group LLC now owns 45,411 shares of the industrial products company’s stock valued at $2,709,000 after purchasing an additional 4,599 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Crown in the second quarter valued at $549,000. Finally, Strs Ohio boosted its stake in shares of Crown by 4,655.2% in the second quarter. Strs Ohio now owns 90,206 shares of the industrial products company’s stock valued at $5,381,000 after purchasing an additional 88,309 shares during the period. 90.74% of the stock is owned by institutional investors.
Crown Holdings, Inc. (CCK) traded up $0.18 during midday trading on Monday, reaching $58.97. 240,000 shares of the company’s stock were exchanged, compared to its average volume of 784,240. Crown Holdings, Inc. has a 12-month low of $51.57 and a 12-month high of $61.61. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60. The company has a market cap of $7,918.08, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 2.09 and a beta of 1.44.
Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. Crown had a net margin of 5.64% and a return on equity of 60.44%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the firm posted $1.33 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. research analysts predict that Crown Holdings, Inc. will post 4.03 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. KeyCorp restated a “hold” rating on shares of Crown in a research note on Friday, November 10th. Barclays PLC upped their target price on shares of Crown from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Wells Fargo & Company upped their target price on shares of Crown from $57.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of Crown from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, BMO Capital Markets restated a “buy” rating and issued a $65.00 target price on shares of Crown in a research note on Monday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Crown currently has a consensus rating of “Hold” and an average target price of $64.20.
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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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