Crown Holdings, Inc. (NYSE:CCK) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its position in Crown Holdings, Inc. (NYSE:CCK) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,426 shares of the industrial products company’s stock after selling 148 shares during the quarter. Blue Trust Inc.’s holdings in Crown were worth $118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of Crown by 10,138.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock valued at $256,762,000 after purchasing an additional 3,074,791 shares in the last quarter. Metropolis Capital Ltd boosted its position in Crown by 68.7% in the 4th quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after buying an additional 1,000,605 shares during the period. Jennison Associates LLC grew its stake in shares of Crown by 125.0% in the third quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock worth $129,698,000 after acquiring an additional 751,530 shares in the last quarter. FMR LLC increased its position in shares of Crown by 9.3% during the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock worth $842,556,000 after acquiring an additional 749,085 shares during the period. Finally, Swedbank AB raised its stake in shares of Crown by 379.3% in the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock valued at $56,870,000 after acquiring an additional 544,246 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCK. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Truist Financial boosted their price objective on Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Mizuho reduced their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Wells Fargo & Company raised their price objective on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus price target of $105.69.

Crown Price Performance

Shares of CCK opened at $87.33 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The stock has a market cap of $10.45 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The firm has a fifty day moving average price of $85.25 and a 200 day moving average price of $89.42.

Crown (NYSE:CCK) last posted its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. As a group, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Company 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.