WINTON GROUP Ltd Purchases New Shares in Crown Holdings, Inc. (NYSE:CCK)

WINTON GROUP Ltd acquired a new position in Crown Holdings, Inc. (NYSE:CCK) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 6,255 shares of the industrial products company’s stock, valued at approximately $517,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Crown by 20.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 117 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Crown by 4.6% during the fourth quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company’s stock valued at $237,000 after buying an additional 125 shares during the last quarter. Spire Wealth Management boosted its holdings in Crown by 16.2% in the fourth quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 138 shares in the last quarter. Marshall & Sullivan Inc. WA increased its holdings in shares of Crown by 0.3% during the fourth quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock valued at $4,735,000 after acquiring an additional 155 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Crown by 0.4% in 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 purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Ratings Changes

CCK has been the topic of several recent analyst reports. Morgan Stanley raised shares of Crown from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $109.00 to $105.00 in a research report on Monday, January 13th. Wells Fargo & Company raised their price target on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Truist Financial upped their price objective on Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Mizuho cut their target price on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup boosted their price target on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $106.00.

Crown Stock Down 1.8 %

NYSE CCK opened at $88.19 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.80 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 stock’s 50 day moving average is $88.32 and its 200 day moving average is $89.45. The stock has a market cap of $10.31 billion, a PE ratio of 24.77, a P/E/G ratio of 1.56 and a beta of 0.88.

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

Crown Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be given a $0.26 dividend. This is an increase from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, March 18th. Crown’s payout ratio is currently 29.21%.

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.