Crown Holdings, Inc. (CCK) Position Boosted by State of Wisconsin Investment Board
State of Wisconsin Investment Board increased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 359,633 shares of the industrial products company’s stock after buying an additional 41,935 shares during the quarter. State of Wisconsin Investment Board owned about 0.27% of Crown Holdings worth $21,477,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank lifted its position in Crown Holdings by 12.1% during the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock worth $102,000 after buying an additional 185 shares during the period. Creative Planning raised its holdings in shares of Crown Holdings by 1.3% in the 2nd quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 23 shares during the period. Oakbrook Investments LLC purchased a new position in shares of Crown Holdings in the 3rd quarter worth about $207,000. Acrospire Investment Management LLC raised its holdings in shares of Crown Holdings by 1,990.5% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,181 shares of the industrial products company’s stock worth $249,000 after purchasing an additional 3,981 shares during the period. Finally, Pennsylvania Trust Co purchased a new position in shares of Crown Holdings in the 2nd quarter worth about $251,000. Hedge funds and other institutional investors own 90.91% of the company’s stock.
A number of equities analysts have recently commented on CCK shares. BMO Capital Markets restated a “buy” rating and issued a $65.00 price objective on shares of Crown Holdings in a report on Monday, September 4th. Deutsche Bank AG restated a “hold” rating and issued a $61.00 price objective (up from $58.00) on shares of Crown Holdings in a report on Tuesday, July 18th. Zacks Investment Research downgraded Crown Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Wells Fargo & Company raised their price objective on Crown Holdings from $57.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Finally, Barclays PLC raised their price objective on Crown Holdings from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Crown Holdings has an average rating of “Hold” and an average price target of $64.20.
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Shares of Crown Holdings, Inc. (CCK) opened at $59.15 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60. Crown Holdings, Inc. has a 12 month low of $51.57 and a 12 month high of $61.61. The stock has a market capitalization of $7,942.25, a PE ratio of 14.94, a PEG ratio of 2.10 and a beta of 1.44.
Crown Holdings (NYSE:CCK) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $1.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.41. Crown Holdings had a return on equity of 60.44% and a net margin of 5.64%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. analysts expect that Crown Holdings, Inc. will post 4.03 EPS for the current year.
Crown Holdings 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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