Edmond DE Rothschild Holding S.A. Acquires 1,883 Shares of Crown Holdings, Inc. (NYSE:CCK)

Edmond DE Rothschild Holding S.A. boosted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 13.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,135 shares of the industrial products company’s stock after buying an additional 1,883 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Crown were worth $1,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in shares of Crown by 121.3% in the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 12,058 shares during the period. Nordea Investment Management AB lifted its stake in Crown by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock valued at $90,511,000 after buying an additional 176,959 shares during the period. Metropolis Capital Ltd lifted its stake in Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after buying an additional 1,000,605 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Crown by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 812,474 shares of the industrial products company’s stock worth $67,183,000 after buying an additional 8,739 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Crown during the 3rd quarter worth about $861,000. 90.93% of the stock is owned by institutional investors.

Crown Stock Up 1.1 %

NYSE:CCK opened at $90.26 on Wednesday. The company has a market cap of $10.56 billion, a PE ratio of 25.36, a PEG ratio of 1.56 and a beta of 0.88. The stock has a 50-day simple moving average of $88.39 and a 200 day simple moving average of $89.44. 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 Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect 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 was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Crown’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, March 18th. Crown’s dividend payout ratio is currently 29.21%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Wells Fargo & Company boosted their price target on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Royal Bank of Canada raised their price objective on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Bank of America dropped their price target on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $106.00.

Crown Profile

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.