Vestmark Advisory Solutions Inc. Sells 890 Shares of Crown Holdings, Inc. (NYSE:CCK)

Vestmark Advisory Solutions Inc. decreased its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,856 shares of the industrial products company’s stock after selling 890 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Crown were worth $898,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CCK. Tidal Investments LLC lifted its stake in shares of Crown by 121.3% during the third quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock valued at $2,109,000 after acquiring an additional 12,058 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in Crown by 4.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock valued at $23,878,000 after purchasing an additional 10,295 shares during the period. Jensen Investment Management Inc. boosted its stake in shares of Crown by 7.8% in the 3rd quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock valued at $9,676,000 after purchasing an additional 7,280 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Crown by 19.3% during the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock worth $90,511,000 after buying an additional 176,959 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Crown by 7.8% in the third quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock valued at $544,301,000 after buying an additional 412,973 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Up 2.6 %

Crown stock opened at $91.77 on Friday. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The company has a 50 day moving average of $86.01 and a 200-day moving average of $89.52. The stock has a market capitalization of $10.98 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.87.

Crown (NYSE:CCK) last released its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (EPS) 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%. On average, equities research analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a $0.26 dividend. This is a boost from Crown’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 18th. This represents a $1.04 annualized dividend and a yield of 1.13%. Crown’s payout ratio is presently 29.21%.

Analyst Ratings Changes

CCK has been the subject of a number of analyst reports. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Wells Fargo & Company upped their price objective on Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Mizuho reduced their target price on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada upped their price target on Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, UBS Group reduced their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

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.