Pensionfund DSM Netherlands Takes Position in Crown Holdings, Inc. (CCK)
Pensionfund DSM Netherlands bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 49,000 shares of the industrial products company’s stock, valued at approximately $2,926,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Atlantic Trust LLC bought a new stake in Crown Holdings during the 2nd quarter valued at approximately $325,000. Toronto Dominion Bank raised its stake in Crown Holdings by 12.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 185 shares during the period. WINTON GROUP Ltd bought a new stake in Crown Holdings during the 2nd quarter valued at approximately $587,000. The Manufacturers Life Insurance Company raised its stake in Crown Holdings by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock valued at $304,000 after purchasing an additional 351 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new stake in Crown Holdings during the 2nd quarter valued at approximately $255,000. 90.15% of the stock is currently owned by institutional investors.
A number of analysts have issued reports on CCK shares. KeyCorp reaffirmed a “hold” rating on shares of Crown Holdings in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded Crown Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Crown Holdings in a research note on Monday, September 4th. Jefferies Group LLC set a $70.00 price objective on Crown Holdings and gave the stock a “buy” rating in a research note on Monday, August 28th. Finally, BidaskClub downgraded Crown Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have given 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 $64.56.
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Shares of Crown Holdings, Inc. (NYSE CCK) traded up 0.175% during trading on Wednesday, hitting $60.145. The stock had a trading volume of 210,553 shares. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 17.229 and a beta of 1.40. The firm’s 50-day moving average is $59.87 and its 200 day moving average is $57.98. Crown Holdings, Inc. has a 52-week low of $51.57 and a 52-week high of $61.39.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect that Crown Holdings, Inc. will post $4.03 EPS for the current year.
Crown Holdings Company Profile
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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