Intech Investment Management LLC Raises Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Intech Investment Management LLC boosted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 13.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,655 shares of the industrial products company’s stock after acquiring an additional 886 shares during the period. Intech Investment Management LLC’s holdings in Crown were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Generali Asset Management SPA SGR purchased a new stake in shares of Crown during the 4th quarter valued at $3,388,000. LBP AM SA boosted its holdings in Crown by 52.0% in the fourth quarter. LBP AM SA now owns 55,481 shares of the industrial products company’s stock worth $4,588,000 after acquiring an additional 18,992 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in Crown in the fourth quarter worth about $66,732,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Crown by 100.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 59,562 shares of the industrial products company’s stock valued at $4,878,000 after acquiring an additional 29,800 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Crown during the fourth quarter valued at about $2,013,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on CCK shares. Wells Fargo & Company boosted their target price on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Mizuho dropped their price objective 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. UBS Group reduced their target price on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Citigroup raised their price target on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Barclays reduced their price objective on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Crown Stock Up 0.9 %

Shares of NYSE CCK opened at $88.49 on Tuesday. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The company’s 50-day simple moving average is $88.02 and its 200-day simple moving average is $89.50. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping 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%. Equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.18%. This is a positive change from Crown’s previous quarterly dividend of $0.25. Crown’s dividend payout ratio (DPR) is presently 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.