DekaBank Deutsche Girozentrale raised its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 19.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 297,338 shares of the industrial products company’s stock after buying an additional 49,035 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Crown Holdings were worth $17,610,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CCK. Vanguard Group Inc. increased its stake in shares of Crown Holdings by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,951,527 shares of the industrial products company’s stock worth $632,833,000 after buying an additional 453,693 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Crown Holdings by 11.9% in the first quarter. Lazard Asset Management LLC now owns 9,406,168 shares of the industrial products company’s stock worth $498,056,000 after buying an additional 997,113 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Crown Holdings by 3.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,079,572 shares of the industrial products company’s stock worth $480,762,000 after buying an additional 338,416 shares during the last quarter. BlackRock Inc. increased its stake in shares of Crown Holdings by 5,730.2% in the first quarter. BlackRock Inc. now owns 8,156,399 shares of the industrial products company’s stock worth $431,880,000 after buying an additional 8,016,500 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Crown Holdings by 1.2% in the second quarter. Boston Partners now owns 5,560,782 shares of the industrial products company’s stock worth $331,756,000 after buying an additional 64,738 shares during the last quarter. 92.46% of the stock is owned by hedge funds and other institutional investors.

Crown Holdings, Inc. (NYSE CCK) opened at 58.16 on Friday. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $60.96. The company’s 50 day moving average is $59.42 and its 200-day moving average is $56.02. The stock has a market cap of $7.87 billion, a PE ratio of 16.66 and a beta of 1.39.

Crown Holdings (NYSE:CCK) last released its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.02. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.15 billion. Crown Holdings had a net margin of 5.81% and a return on equity of 66.28%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share. Equities research analysts forecast that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on CCK shares. Vertical Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating and boosted their price objective for the company from $60.00 to $64.00 in a research report on Friday, July 21st. ValuEngine raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Zacks Investment Research downgraded shares of Crown Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating on shares of Crown Holdings in a research report on Wednesday, May 24th. Finally, BidaskClub raised shares of Crown Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Crown Holdings presently has an average rating of “Hold” and a consensus price target of $64.56.

In related news, VP David A. Beaver sold 1,000 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $56.05, for a total transaction of $56,050.00. Following the sale, the vice president now owns 2,398 shares in the company, valued at $134,407.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Crown Holdings Company Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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Institutional Ownership by Quarter for Crown Holdings (NYSE:CCK)

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