Crown Holdings, Inc. (NYSE:CCK) Stock Holdings Trimmed by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lessened its stake in Crown Holdings, Inc. (NYSE:CCK) by 8.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,184 shares of the industrial products company’s stock after selling 1,391 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Crown were worth $1,256,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CCK. Pacer Advisors Inc. boosted its holdings in shares of Crown by 10,138.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock valued at $256,762,000 after acquiring an additional 3,074,791 shares in the last quarter. Metropolis Capital Ltd increased its position in shares of Crown by 269.7% during the 3rd quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company’s stock valued at $139,578,000 after purchasing an additional 1,062,001 shares during the period. Jennison Associates LLC raised its stake in shares of Crown by 125.0% in the 3rd quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock worth $129,698,000 after buying an additional 751,530 shares in the last quarter. FMR LLC lifted its holdings in shares of Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after buying an additional 749,085 shares during the period. Finally, Swedbank AB boosted its stake in Crown by 379.3% during the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock valued at $56,870,000 after buying an additional 544,246 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analysts Set New Price Targets

CCK has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Company boosted their price objective on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday. Robert W. Baird raised their target price on shares of Crown from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Citigroup lifted their target price on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Loop Capital raised their price objective on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.92.

Crown Stock Down 0.4 %

Crown stock opened at $87.01 on Monday. The company has a market capitalization of $10.41 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 0.87. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The firm’s fifty day simple moving average is $85.45 and its 200-day simple moving average is $89.34. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK) last released its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. Sell-side analysts forecast that Crown Holdings, Inc. will post 6.83 earnings per share for the current fiscal year.

Crown Profile

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.