BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp has $1.72M stock position in Crown Holdings, Inc. (NYSE:CCK)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Crown Holdings, Inc. (NYSE:CCK – Free Report) by 62.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,142 shares of the industrial products company’s stock after acquiring an additional 8,857 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Crown were worth $1,722,000 at the end of the most recent quarter.

A number of other institutional investors have added to or reduced their stakes in CCK. Wells Fargo & Company MN boosted its position in shares of Crown by 14.4% in the fourth quarter. Wells Fargo & Company MN now owns 165,255 shares of the industrial products company’s stock valued at $15,218,000 after acquiring an additional 20,830 shares during the period. TD Asset Management Inc boosted its holdings in Crown by 27.8% in the fourth quarter. TD Asset Management Inc now owns 10,762 shares of the industrial products company’s stock valued at $991,000 after acquiring an additional 2,340 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Crown by 53.4% ​​in the fourth quarter. Allianz Asset Management GmbH now owns 52,250 shares of the industrial products company’s stock valued at $4,812,000 after purchasing an additional 18,197 shares in the last quarter. State Treasurer State of North Carolina boosted its holdings in Crown by 4.1% in the fourth quarter. State Treasurer State of North Carolina now owns 50,078 shares of the industrial products company’s stock worth $4,612,000 after purchasing an additional 1,962 shares in the last quarter. Finally, Qtron Investments LLC bought a new position in shares of Crown during the fourth quarter valued at approximately $284,000. 90.93% of shares are currently owned by institutional investors and hedge funds.

Analysts on Wall Street are forecasting an increase

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 target price on shares of Crown in a report on Tuesday, September 24th. Bank of America boosted their target price on Crown from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup boosted their price target on Crown from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. UBS Group cut their price target on Crown from $112.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, StockNews.com downgraded Crown from a “buy” rating to a “hold” rating in a research note on Monday, September 9th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Moderate Buy” and an average target price of $101.14, according to MarketBeat.com.

See the latest stock report on CCK

Insider buying and selling

In related news, CEO Timothy J. Donahue sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the transaction, the chief executive officer now directly owns 593,678 shares in the company, valued at approximately $50,480,440.34. The sale was disclosed in a filing with the SEC, which can be accessed via this link. In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $90.58, for a total transaction of $679,350.00. Following the completion of the transaction, the chief executive officer now owns 578,678 shares of the company’s stock, valued at $52,416,653.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $85.03, for a total value of $1,275,450.00. Following the transaction, the chief executive officer now directly owns 593,678 shares of the company’s stock, valued at approximately $50,480,440.34. The disclosure for this sale can be found here. Insiders have sold a total of 31,006 shares of company stock worth $2,694,849 over the last ninety days. 0.90% of the stock is owned by insiders.

Crown price performance

NYSE:CCK opened at $94.74 on Monday. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 2.26 and a beta of 0.85. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $96.74. The company has a 50-day simple moving average of $89.21 and a 200-day simple moving average of $82.78. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05, and a quick ratio of 0.73.

Crown (NYSE:CCK – Get Free Report ) last posted its quarterly earnings results on Monday, July 22nd. The industrial products company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.22. Crown had a return on equity of 23.96% and a net margin of 3.68%. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.06 billion. In the same period last year, the company posted earnings of $1.68 per share. The company’s revenue for the quarter was down 2.2% year over year. Equities analysts estimate that Crown Holdings, Inc. will post 6.15 EPS for the current year.

Crown announces dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15. This represents an annualized dividend of $1.00 and a yield of 1.06%. Crown’s dividend payout ratio (DPR) is 28.82%.

About Crown

(Free Report)

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

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