California Public Employees Retirement System boosted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,834 shares of the industrial products company’s stock after acquiring an additional 2,700 shares during the quarter. California Public Employees Retirement System owned 0.23% of Crown Holdings worth $18,306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of Crown Holdings by 5,730.2% in the 1st quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock valued at $431,880,000 after acquiring an additional 8,016,500 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Crown Holdings by 11.9% during the 1st quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock valued at $498,056,000 after acquiring an additional 997,113 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Crown Holdings by 17.1% during the second quarter. Victory Capital Management Inc. now owns 4,005,148 shares of the industrial products company’s stock worth $238,947,000 after purchasing an additional 584,647 shares in the last quarter. Janus Capital Management LLC grew its holdings in shares of Crown Holdings by 14.1% during the first quarter. Janus Capital Management LLC now owns 3,988,346 shares of the industrial products company’s stock worth $211,183,000 after purchasing an additional 492,530 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Crown Holdings by 3.9% during the first quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock worth $632,833,000 after purchasing an additional 453,693 shares in the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.

Crown Holdings, Inc. (CCK) opened at 59.72 on Monday. Crown Holdings, Inc. has a 12-month low of $51.57 and a 12-month high of $61.39. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 17.11 and a beta of 1.40. The company’s 50 day moving average is $58.77 and its 200 day moving average is $57.04.

Crown Holdings (NYSE:CCK) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates 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 was up .9% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 earnings per share. Analysts forecast that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a research report on Wednesday, July 12th. KeyCorp reissued a “hold” rating on shares of Crown Holdings in a report on Thursday, July 20th. Vertical Research lowered shares of Crown Holdings from a “buy” rating to a “hold” rating and increased their price target for the stock from $60.00 to $64.00 in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Monday, July 24th. Finally, Barclays PLC restated an “overweight” rating and set a $69.00 price objective (up previously from $63.00) on shares of Crown Holdings in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.67.

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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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