Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 21.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 239,878 shares of the industrial products company’s stock after acquiring an additional 42,100 shares during the quarter. Sei Investments Co. owned 0.20% of Crown worth $19,835,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Crown by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 803,735 shares of the industrial products company’s stock worth $77,062,000 after purchasing an additional 13,145 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of Crown in the third quarter valued at approximately $277,000. Citigroup Inc. lifted its stake in shares of Crown by 11.0% in the third quarter. Citigroup Inc. now owns 73,654 shares of the industrial products company’s stock worth $7,062,000 after buying an additional 7,319 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Crown by 369.0% during the 3rd quarter. Cerity Partners LLC now owns 39,610 shares of the industrial products company’s stock worth $3,798,000 after buying an additional 31,164 shares during the period. Finally, Algert Global LLC acquired a new position in Crown in the 3rd quarter valued at $468,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho lowered their price target on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Bank of America lowered their target price on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada upped their price target on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Barclays lowered their price objective on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, UBS Group cut their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Crown Stock Up 0.9 %

NYSE CCK opened at $89.99 on Friday. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46. 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 stock’s 50 day moving average is $88.27 and its two-hundred day moving average is $89.47. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 1.56 and a beta of 0.88.

Crown (NYSE:CCK) last announced its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating 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 forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.16%. Crown’s 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.