abrdn plc Has $307,000 Stock Position in Crown Holdings, Inc. (NYSE:CCK)

abrdn plc grew its holdings in Crown Holdings, Inc. (NYSE:CCK) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,750 shares of the industrial products company’s stock after buying an additional 402 shares during the quarter. abrdn plc’s holdings in Crown were worth $307,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CCK. Spire Wealth Management lifted its position in Crown by 16.2% during the 4th quarter. Spire Wealth Management now owns 992 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 138 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Crown by 0.4% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 45,445 shares of the industrial products company’s stock worth $3,758,000 after buying an additional 165 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its position in shares of Crown by 12.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 3,613 shares of the industrial products company’s stock worth $299,000 after purchasing an additional 410 shares in the last quarter. Washington Capital Management Inc. bought a new position in shares of Crown in the 4th quarter valued at about $604,000. Finally, Swedbank AB increased its position in shares of Crown by 379.3% during the 4th quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock worth $56,870,000 after purchasing an additional 544,246 shares during the last quarter. Institutional investors own 90.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CCK shares. Royal Bank of Canada boosted their target price on Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. UBS Group lowered their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. StockNews.com upgraded Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, Loop Capital raised their target price on Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Crown has an average rating of “Moderate Buy” and a consensus price target of $105.69.

Crown Stock Performance

CCK stock opened at $89.66 on Wednesday. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $98.46. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.68 and a beta of 0.87. The business’s fifty day simple moving average is $85.31 and its two-hundred day simple moving average is $89.40. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK) last posted its quarterly 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%. Analysts predict that Crown Holdings, Inc. will post 6.83 earnings per share for the current year.

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.