Robeco Institutional Asset Management B.V. Buys 52,845 Shares of Crown Holdings, Inc. (NYSE:CCK)

Robeco Institutional Asset Management B.V. raised its stake in Crown Holdings, Inc. (NYSE:CCK) by 118.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,311 shares of the industrial products company’s stock after buying an additional 52,845 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.08% of Crown worth $8,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Crown by 110.9% in the third quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 163 shares during the last quarter. Covestor Ltd increased its position in shares of Crown by 156.5% during the third quarter. Covestor Ltd now owns 454 shares of the industrial products company’s stock worth $44,000 after buying an additional 277 shares during the period. Brooklyn Investment Group bought a new position in Crown during the third quarter worth $44,000. Catalyst Capital Advisors LLC acquired a new position in Crown in the third quarter valued at $48,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Crown during the third quarter valued at $55,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCK. Bank of America dropped their price objective on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada increased their price target on Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $109.00 to $105.00 in a research report on Monday, January 13th. StockNews.com cut shares of Crown from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, Citigroup upped their price objective on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.46.

Crown Stock Performance

Shares of Crown stock opened at $87.94 on Friday. The company has a market cap of $10.52 billion, a PE ratio of 108.57, a price-to-earnings-growth ratio of 1.70 and a beta of 0.86. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $98.46. The business has a 50 day moving average price of $86.06 and a 200-day moving average price of $89.05.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the transaction, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. The trade was a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

About Crown

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.