CIBC Asset Management Inc decreased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 29.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,022 shares of the industrial products company’s stock after selling 4,965 shares during the period. CIBC Asset Management Inc’s holdings in Crown Holdings were worth $718,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CCK. Creative Planning lifted its stake in Crown Holdings by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 23 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Crown Holdings by 12.1% during the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 185 shares in the last quarter. James Investment Research Inc. raised its stake in shares of Crown Holdings by 2.0% during the second quarter. James Investment Research Inc. now owns 17,700 shares of the industrial products company’s stock valued at $1,056,000 after acquiring an additional 340 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Crown Holdings by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,103 shares of the industrial products company’s stock valued at $304,000 after acquiring an additional 351 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Crown Holdings by 1.8% during the second quarter. Stifel Financial Corp now owns 22,247 shares of the industrial products company’s stock valued at $1,329,000 after acquiring an additional 395 shares in the last quarter. 90.74% of the stock is owned by hedge funds and other institutional investors.

Crown Holdings, Inc. (CCK) opened at $58.61 on Monday. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $61.61. The stock has a market cap of $7,869.73, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.44.

Crown Holdings (NYSE:CCK) last released its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.41. Crown Holdings had a net margin of 5.64% and a return on equity of 60.44%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. sell-side analysts anticipate that Crown Holdings, Inc. will post 4.03 EPS for the current fiscal year.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Crown Holdings from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Thursday, September 21st. Wells Fargo & Company lifted their price target on shares of Crown Holdings from $57.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Barclays PLC lifted their price target on shares of Crown Holdings from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. KeyCorp reaffirmed a “hold” rating on shares of Crown Holdings in a research note on Thursday, October 19th. Finally, BidaskClub downgraded shares of Crown Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $64.20.

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

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