B. Metzler seel. Sohn & Co. AG Reduces Position in Crown Holdings, Inc. (NYSE:CCK)

B. Metzler seel. Sohn & Co. AG lowered its position in Crown Holdings, Inc. (NYSE:CCK) by 52.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,642 shares of the industrial products company’s stock after selling 2,922 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Crown were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Pacer Advisors Inc. raised its position in Crown by 10,138.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock valued at $256,762,000 after purchasing an additional 3,074,791 shares during the last quarter. Norges Bank purchased a new stake in shares of Crown in the fourth quarter valued at about $113,568,000. Metropolis Capital Ltd boosted its stake in shares of Crown by 68.7% during the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock worth $203,116,000 after buying an additional 1,000,605 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of Crown during the fourth quarter worth about $66,732,000. Finally, Swedbank AB increased its position in Crown by 379.3% in the 4th quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock valued at $56,870,000 after acquiring an additional 544,246 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CCK shares. UBS Group lowered their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Barclays lowered their price objective on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Truist Financial upped their price objective on shares of Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Mizuho lowered 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. Finally, Wells Fargo & Company increased their price target on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Crown Stock Down 6.3 %

CCK opened at $83.10 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 23.34, 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 business’s fifty day moving average is $88.44 and its two-hundred day moving average is $89.37.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 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%. Analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.25%. This is a positive change from Crown’s previous quarterly dividend of $0.25. Crown’s dividend payout ratio is presently 29.21%.

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.