Principal Financial Group Inc. decreased its position in Crown Holdings, Inc. (NYSE:CCK) by 25.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,007 shares of the industrial products company’s stock after selling 7,416 shares during the quarter. Principal Financial Group Inc.’s holdings in Crown were worth $1,314,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of Crown by 12.1% in the second quarter. Toronto Dominion Bank now owns 1,715 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 185 shares during the last quarter. Creative Planning grew its position in shares of Crown by 1.3% in the second quarter. Creative Planning now owns 1,755 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 23 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in Crown during the third quarter worth approximately $207,000. Acrospire Investment Management LLC grew its position in Crown by 1,990.5% during the second quarter. Acrospire Investment Management LLC now owns 4,181 shares of the industrial products company’s stock worth $249,000 after buying an additional 3,981 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in Crown during the second quarter worth approximately $255,000. 90.08% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Crown from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Thursday, September 21st. Barclays increased their price target on Crown from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Wells Fargo & Company increased their price target on Crown from $57.00 to $60.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of Crown in a research report on Thursday, October 19th. Finally, BMO Capital Markets reissued a “buy” rating and set a $65.00 price target on shares of Crown in a research report on Monday, September 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $64.27.
Shares of Crown Holdings, Inc. (NYSE:CCK) opened at $58.41 on Wednesday. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.57 and a current ratio of 1.04. Crown Holdings, Inc. has a 12 month low of $51.76 and a 12 month high of $61.61. The firm has a market capitalization of $7,871.08, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.08 and a beta of 1.42.
Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.41. Crown had a return on equity of 60.44% and a net margin of 5.64%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the prior year, the company earned $1.33 EPS. Crown’s revenue was up 6.1% compared to the same quarter last year. equities analysts anticipate that Crown Holdings, Inc. will post 4.03 EPS for the current fiscal year.
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Crown 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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