WINTON GROUP Ltd Purchases Shares of 6,255 Crown Holdings, Inc. (NYSE:CCK)

WINTON GROUP Ltd purchased a new position in Crown Holdings, Inc. (NYSE:CCK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,255 shares of the industrial products company’s stock, valued at approximately $517,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 256 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after buying an additional 261 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of Crown by 6,850.0% during the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 685 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 117 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Crown in the third quarter valued at $71,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays dropped their price target on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company upped their target price on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Royal Bank of Canada increased their price target on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Mizuho lowered their price objective on shares of Crown from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, Citigroup increased their target price on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Crown Stock Performance

Crown stock opened at $88.19 on Monday. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. The firm has a market cap of $10.31 billion, a P/E ratio of 24.77, a P/E/G ratio of 1.56 and a beta of 0.88. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The firm has a 50-day moving average of $88.32 and a 200-day moving average of $89.45.

Crown (NYSE:CCK) last issued its quarterly earnings data 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 return on equity of 25.12% and a net margin of 3.59%. Sell-side analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The business 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 is Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 1.18%. Crown’s dividend payout ratio is 29.21%.

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.