Jackson Creek Investment Advisors LLC Raises Stake in Crown Holdings, Inc. (NYSE:CCK)

Jackson Creek Investment Advisors LLC raised its position in Crown Holdings, Inc. (NYSE:CCK) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,165 shares of the industrial products company’s stock after acquiring an additional 441 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Crown were worth $510,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CCK. US Bancorp DE lifted its position in shares of Crown by 189.5% during the 3rd quarter. US Bancorp DE now owns 2,148 shares of the industrial products company’s stock worth $206,000 after buying an additional 1,406 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Crown by 76.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 44,466 shares of the industrial products company’s stock worth $4,263,000 after buying an additional 19,313 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Crown during the 3rd quarter worth approximately $210,000. Capital Performance Advisors LLP purchased a new stake in shares of Crown during the 3rd quarter worth approximately $144,000. Finally, Carmel Capital Partners LLC lifted its position in shares of Crown by 2.3% during the 3rd quarter. Carmel Capital Partners LLC now owns 17,150 shares of the industrial products company’s stock worth $1,644,000 after buying an additional 388 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Price Performance

Shares of NYSE CCK opened at $91.77 on Friday. The firm has a market capitalization of $10.79 billion, a P/E ratio of 25.78, a PEG ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $98.46. The company’s fifty day moving average is $86.18 and its two-hundred day moving average is $89.54. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.13%. Crown’s payout ratio is currently 29.21%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CCK shares. Wells Fargo & Company boosted their price objective on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Mizuho cut their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Bank of America cut their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Barclays dropped their price objective on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Crown has an average rating of “Moderate Buy” and an average price target of $106.00.

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.