Crown Holdings, Inc. $CCK Shares Bought by Lbp Am Sa

Lbp Am Sa lifted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,814 shares of the industrial products company’s stock after purchasing an additional 9,098 shares during the period. Lbp Am Sa’s holdings in Crown were worth $7,419,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CCK. CIBC Asset Management Inc boosted its position in Crown by 15.8% in the 3rd quarter. CIBC Asset Management Inc now owns 5,995 shares of the industrial products company’s stock valued at $579,000 after buying an additional 817 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in Crown during the 3rd quarter worth $231,000. Oxbow Advisors LLC bought a new stake in shares of Crown in the 3rd quarter worth about $2,851,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Crown by 52.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 466,457 shares of the industrial products company’s stock valued at $45,055,000 after purchasing an additional 161,178 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Crown by 5.4% during the third quarter. Jennison Associates LLC now owns 1,439,118 shares of the industrial products company’s stock worth $139,004,000 after purchasing an additional 73,544 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on CCK shares. Wells Fargo & Company boosted their price objective on Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Citigroup decreased their target price on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Raymond James Financial reissued an “outperform” rating and set a $115.00 price target (up from $110.00) on shares of Crown in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Finally, Royal Bank Of Canada raised their price target on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.62.

Crown Price Performance

NYSE:CCK opened at $104.47 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65. The business’s 50-day moving average price is $100.84 and its 200 day moving average price is $99.10. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The firm has a market cap of $12.05 billion, a P/E ratio of 12.93, a PEG ratio of 1.20 and a beta of 0.75.

Insider Activity at Crown

In other Crown news, COO Djalma Novaes, Jr. sold 19,754 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the transaction, the chief operating officer owned 96,841 shares of the company’s stock, valued at approximately $9,782,877.82. This represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $105.00, for a total value of $3,047,520.00. Following the sale, the chief executive officer directly owned 411,556 shares in the company, valued at $43,213,380. This trade represents a 6.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 57,254 shares of company stock worth $5,933,134. 0.90% of the stock is currently owned by company insiders.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.