160,136 Shares in Crown Holdings, Inc. $CCK Bought by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160,136 shares of the industrial products company’s stock, valued at approximately $15,472,000. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.14% of Crown at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LBP AM SA increased its position in shares of Crown by 13.4% during the third quarter. LBP AM SA now owns 76,814 shares of the industrial products company’s stock worth $7,419,000 after purchasing an additional 9,098 shares in the last quarter. CIBC Asset Management Inc grew its stake in Crown by 15.8% during the 3rd quarter. CIBC Asset Management Inc now owns 5,995 shares of the industrial products company’s stock worth $579,000 after buying an additional 817 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in Crown in the third quarter valued at approximately $231,000. Oxbow Advisors LLC acquired a new stake in shares of Crown in the third quarter valued at approximately $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Crown by 52.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 466,457 shares of the industrial products company’s stock worth $45,055,000 after acquiring an additional 161,178 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

Shares of CCK opened at $104.17 on Monday. The company has a market capitalization of $12.02 billion, a PE ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 0.75. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48. The company has a 50-day simple moving average of $100.65 and a 200-day simple moving average of $99.12. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65.

Insider Activity at Crown

In related news, COO Djalma Novaes, Jr. sold 19,754 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer owned 96,841 shares in the company, valued at $9,782,877.82. This represents a 16.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy J. Donahue sold 29,024 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $105.00, for a total value of $3,047,520.00. Following the completion of the transaction, the chief executive officer directly owned 411,556 shares of the company’s stock, valued at $43,213,380. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,254 shares of company stock worth $5,933,134 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group increased their price target on shares of Crown from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Wells Fargo & Company upped their target price on shares of Crown from $99.00 to $106.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Crown in a report on Monday, December 29th. Truist Financial increased their price objective on Crown from $126.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Citigroup dropped their target price on Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $119.62.

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.