Dai Ichi Life Insurance Company Ltd lifted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,565 shares of the industrial products company’s stock after buying an additional 3 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Crown Holdings were worth $809,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CCK. BlackRock Inc. raised its stake in shares of Crown Holdings by 5,730.2% during the 1st 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 period. Lazard Asset Management LLC raised its stake in shares of Crown Holdings by 11.9% during the 1st 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 period. Victory Capital Management Inc. raised its stake in shares of Crown Holdings by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,005,148 shares of the industrial products company’s stock worth $238,947,000 after buying an additional 584,647 shares during the period. Janus Capital Management LLC raised its stake in shares of Crown Holdings by 14.1% during the 1st quarter. Janus Capital Management LLC now owns 3,988,346 shares of the industrial products company’s stock worth $211,183,000 after buying an additional 492,530 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Crown Holdings by 3.9% during the 1st 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 period. 90.15% of the stock is owned by institutional investors and hedge funds.

Crown Holdings, Inc. (NYSE:CCK) opened at 60.49 on Friday. Crown Holdings, Inc. has a 1-year low of $51.57 and a 1-year high of $60.96. The company has a 50-day moving average price of $58.67 and a 200 day moving average price of $56.89. The firm has a market capitalization of $8.18 billion, a P/E ratio of 17.33 and a beta of 1.39.

Crown Holdings (NYSE:CCK) last posted its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.02. Crown Holdings had a return on equity of 66.28% and a net margin of 5.81%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the business earned $1.19 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Analysts expect that Crown Holdings, Inc. will post $4.03 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on the company. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, June 6th. BidaskClub downgraded Crown Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC set a $70.00 target price on Crown Holdings and gave the stock a “buy” rating in a research note on Monday, August 28th. Deutsche Bank AG reaffirmed a “hold” rating and set a $61.00 target price (up from $58.00) on shares of Crown Holdings in a research note on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 target price on shares of Crown Holdings in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Crown Holdings currently has an average rating of “Hold” and an average target price of $64.56.

About Crown Holdings

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.

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

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