Oregon Public Employees Retirement Fund Has $1.99 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Oregon Public Employees Retirement Fund lessened its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,090 shares of the industrial products company’s stock after selling 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Crown were worth $1,992,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after buying an additional 117 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Crown by 16.2% during the 4th quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock worth $82,000 after buying an additional 138 shares during the last quarter. Marshall & Sullivan Inc. WA lifted its stake in shares of Crown by 0.3% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after buying an additional 155 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Crown by 0.4% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,445 shares of the industrial products company’s stock worth $3,758,000 after buying an additional 165 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Crown by 2.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $894,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CCK shares. UBS Group dropped their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Barclays dropped their price objective on shares of Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company lifted their price objective on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Mizuho dropped their price objective on shares of Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.69.

Crown Price Performance

CCK stock opened at $89.59 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46. The firm has a market cap of $10.72 billion, a P/E ratio of 25.17, a P/E/G ratio of 1.56 and a beta of 0.87. The company’s 50-day moving average price is $85.52 and its two-hundred day moving average price is $89.47.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. On average, analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 1.16%. Crown’s payout ratio is 28.09%.

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.