Skandinaviska Enskilda Banken AB publ Purchases 29,800 Shares of Crown Holdings, Inc. (NYSE:CCK)

Skandinaviska Enskilda Banken AB publ lifted its position in Crown Holdings, Inc. (NYSE:CCK) by 100.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,562 shares of the industrial products company’s stock after purchasing an additional 29,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Crown were worth $4,878,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Crown in the fourth quarter worth about $2,013,000. Farther Finance Advisors LLC grew its position in Crown by 160.0% in the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 256 shares in the last quarter. HighTower Advisors LLC grew its position in Crown by 12.1% in the fourth quarter. HighTower Advisors LLC now owns 11,698 shares of the industrial products company’s stock worth $967,000 after acquiring an additional 1,266 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Crown by 2.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,372 shares of the industrial products company’s stock worth $775,000 after acquiring an additional 200 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Crown by 257.3% in the fourth quarter. AlphaQuest LLC now owns 34,277 shares of the industrial products company’s stock worth $2,834,000 after acquiring an additional 24,684 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on CCK shares. Bank of America dropped their price target on Crown from $107.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Truist Financial boosted their target price on Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research report on Monday, January 6th. UBS Group dropped their target price on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company boosted their target price on Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Crown Stock Performance

Crown stock opened at $89.01 on Friday. The company has a market capitalization of $10.46 billion, a PE ratio of 25.00, a P/E/G ratio of 1.56 and a beta of 0.88. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The company has a 50 day moving average price of $86.91 and a 200-day moving average price of $89.53.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. As a group, equities analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.26 dividend. This is an increase from Crown’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. Crown’s payout ratio is 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.