Public Employees Retirement Association of Colorado Has $1.32 Million Stake in Crown Holdings, Inc. (NYSE:CCK)

Public Employees Retirement Association of Colorado grew its position in Crown Holdings, Inc. (NYSE:CCKFree Report) by 83.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,373 shares of the industrial products company’s stock after buying an additional 6,552 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Crown were worth $1,324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its stake in Crown by 14.0% during the fourth quarter. Picton Mahoney Asset Management now owns 1,181 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 145 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Crown by 5.3% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,057 shares of the industrial products company’s stock worth $282,000 after buying an additional 154 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Crown by 6.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,464 shares of the industrial products company’s stock valued at $227,000 after buying an additional 160 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Crown by 1.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 13,715 shares of the industrial products company’s stock valued at $1,205,000 after acquiring an additional 180 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Crown by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 48,116 shares of the industrial products company’s stock worth $4,257,000 after acquiring an additional 180 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CCK shares. Loop Capital raised their price target on shares of Crown from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Crown from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Robert W. Baird upped their price target on shares of Crown from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Morgan Stanley started coverage on Crown in a report on Monday, March 18th. They set an “equal weight” rating and a $87.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on Crown from $76.00 to $84.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $99.29.

View Our Latest Stock Report on CCK

Insider Buying and Selling at Crown

In other Crown news, Director James H. Miller sold 9,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $82.93, for a total transaction of $746,370.00. Following the completion of the sale, the director now directly owns 12,884 shares in the company, valued at approximately $1,068,470.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Crown news, CEO Timothy J. Donahue sold 22,500 shares of Crown stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $85.18, for a total value of $1,916,550.00. Following the completion of the sale, the chief executive officer now directly owns 616,178 shares in the company, valued at $52,486,042.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James H. Miller sold 9,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $82.93, for a total value of $746,370.00. Following the transaction, the director now owns 12,884 shares in the company, valued at $1,068,470.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,000 shares of company stock valued at $3,300,420. 0.90% of the stock is currently owned by insiders.

Crown Trading Up 0.5 %

NYSE CCK opened at $82.64 on Tuesday. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $96.35. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $9.98 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.17 and a beta of 0.88. The business’s 50-day moving average price is $81.46 and its two-hundred day moving average price is $83.08.

Crown (NYSE:CCKGet Free Report) last announced its earnings results on Monday, April 29th. The industrial products company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.96 by $0.06. Crown had a return on equity of 23.95% and a net margin of 3.51%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. On average, analysts expect that Crown Holdings, Inc. will post 5.95 EPS for the current year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.00 annualized dividend and a yield of 1.21%. Crown’s payout ratio is 28.82%.

Crown Company Profile

(Free Report)

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.

Read More

Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCKFree Report).

Institutional Ownership by Quarter for Crown (NYSE:CCK)

Receive News & Ratings for Crown Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown and related companies with MarketBeat.com's FREE daily email newsletter.