13,124 Shares in Crown Holdings, Inc. (NYSE:CCK) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Crown Holdings, Inc. (NYSE:CCK) during the fourth quarter, HoldingsChannel reports. The fund acquired 13,124 shares of the industrial products company’s stock, valued at approximately $1,085,000.

Several other large investors have also recently added to or reduced their stakes in CCK. Adams Natural Resources Fund Inc. bought a new position in Crown during the fourth quarter worth about $3,490,000. Adams Diversified Equity Fund Inc. bought a new position in shares of Crown during the fourth quarter worth approximately $4,647,000. TD Private Client Wealth LLC raised its position in shares of Crown by 4.6% in the fourth quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company’s stock valued at $237,000 after buying an additional 125 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in shares of Crown by 3.8% in the fourth quarter. iA Global Asset Management Inc. now owns 5,530 shares of the industrial products company’s stock valued at $457,000 after buying an additional 204 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Crown during the fourth quarter worth approximately $373,000. Institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

NYSE CCK opened at $87.10 on Wednesday. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The stock has a market cap of $10.24 billion, a PE ratio of 24.47, a PEG ratio of 1.56 and a beta of 0.88. 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 firm’s fifty day moving average price is $88.02 and its two-hundred day moving average price is $89.50.

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%. On average, equities analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal 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 issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Crown’s previous quarterly dividend of $0.25. Crown’s dividend payout ratio (DPR) is 29.21%.

Wall Street Analysts Forecast Growth

CCK has been the subject of several analyst reports. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barclays cut their price objective on shares of Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Bank of America decreased their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Truist Financial upped their price target on shares of Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Finally, Wells Fargo & Company increased their price target on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Crown has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

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.