Blue Trust Inc. Lowers Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

Blue Trust Inc. cut its holdings in Crown Holdings, Inc. (NYSE:CCK) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,426 shares of the industrial products company’s stock after selling 148 shares during the quarter. Blue Trust Inc.’s holdings in Crown were worth $118,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Banque Pictet & Cie SA purchased a new stake in Crown in the 4th quarter worth $248,000. Vontobel Holding Ltd. grew its position in shares of Crown by 9.5% in the fourth quarter. Vontobel Holding Ltd. now owns 22,833 shares of the industrial products company’s stock valued at $1,888,000 after purchasing an additional 1,988 shares during the period. Van ECK Associates Corp acquired a new position in shares of Crown during the 4th quarter worth about $2,607,000. Allspring Global Investments Holdings LLC lifted its stake in Crown by 28.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 285,980 shares of the industrial products company’s stock valued at $23,224,000 after buying an additional 63,458 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Crown in the 4th quarter worth about $7,215,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Price Performance

CCK stock opened at $87.33 on Friday. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The business has a fifty day moving average of $85.25 and a two-hundred day moving average of $89.42. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88.

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

Wall Street Analyst Weigh In

CCK has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Bank of America dropped their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. UBS Group dropped their price objective 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. Finally, Mizuho decreased their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Crown currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.69.

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.