Impax Asset Management Group plc Lowers Position in Crown Holdings, Inc. (NYSE:CCK)

Impax Asset Management Group plc decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 84.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,904 shares of the industrial products company’s stock after selling 1,166,371 shares during the quarter. Impax Asset Management Group plc owned 0.18% of Crown worth $18,018,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd boosted its holdings in shares of Crown by 156.5% in the 3rd quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 277 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Crown in the third quarter worth approximately $44,000. Catalyst Capital Advisors LLC bought a new position in Crown during the third quarter valued at approximately $48,000. GAMMA Investing LLC raised its stake in shares of Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after acquiring an additional 261 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Crown in the 3rd quarter worth approximately $55,000. 90.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCK has been the topic of several recent research reports. Truist Financial increased their target price on shares of Crown from $103.00 to $104.00 and gave the company a “hold” rating in a report on Monday, January 6th. Wells Fargo & Company raised their price target on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Barclays decreased their price target on Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Mizuho dropped their price objective on Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup lifted their target price on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Crown presently has an average rating of “Moderate Buy” and a consensus target price of $105.69.

Crown Stock Down 0.5 %

Shares of NYSE CCK opened at $86.86 on Tuesday. The firm has a fifty day simple moving average of $85.26 and a two-hundred day simple moving average of $89.48. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $10.39 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Equities analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.