UBS Asset Management Americas Inc. lifted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 4.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,067 shares of the industrial products company’s stock after acquiring an additional 15,554 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.27% of Crown Holdings worth $21,541,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of CCK. Vanguard Group Inc. increased its stake in shares of Crown Holdings by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock valued at $632,833,000 after acquiring an additional 453,693 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Crown Holdings by 8.7% during the 2nd quarter. Lazard Asset Management LLC now owns 10,225,857 shares of the industrial products company’s stock valued at $610,074,000 after acquiring an additional 819,689 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Crown Holdings by 3.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,079,572 shares of the industrial products company’s stock valued at $480,762,000 after acquiring an additional 338,416 shares during the period. BlackRock Inc. boosted its stake in Crown Holdings by 5,730.2% during the first quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock worth $431,880,000 after acquiring an additional 8,016,500 shares in the last quarter. Finally, Boston Partners boosted its stake in Crown Holdings by 1.2% during the second quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock worth $331,756,000 after acquiring an additional 64,738 shares in the last quarter. 90.12% of the stock is owned by hedge funds and other institutional investors.

Crown Holdings, Inc. (CCK) opened at 59.72 on Monday. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $61.39. The firm has a 50 day moving average of $58.77 and a 200-day moving average of $57.04. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 17.11 and a beta of 1.40.

Crown Holdings (NYSE:CCK) last released its earnings results on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 EPS. On average, equities research analysts anticipate that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

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A number of equities research analysts have commented on the stock. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 price target on shares of Crown Holdings in a report on Monday, June 5th. Zacks Investment Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Tuesday, June 6th. ValuEngine lowered shares of Crown Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. BidaskClub lowered shares of Crown Holdings from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of Crown Holdings in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Crown Holdings currently has a consensus rating of “Hold” and an average price target of $64.67.

About Crown Holdings

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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Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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