Savant Capital LLC Sells 14,680 Shares of Crown Holdings, Inc. (NYSE:CCK)

Savant Capital LLC lessened its holdings in Crown Holdings, Inc. (NYSE:CCK) by 70.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,193 shares of the industrial products company’s stock after selling 14,680 shares during the quarter. Savant Capital LLC’s holdings in Crown were worth $512,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CCK. Pacer Advisors Inc. lifted its position in shares of Crown by 10,138.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after purchasing an additional 3,074,791 shares in the last quarter. Metropolis Capital Ltd lifted its position in shares of Crown by 269.7% in the third quarter. Metropolis Capital Ltd now owns 1,455,752 shares of the industrial products company’s stock worth $139,578,000 after purchasing an additional 1,062,001 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Crown by 125.0% in the third quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock worth $129,698,000 after purchasing an additional 751,530 shares in the last quarter. FMR LLC lifted its position in shares of Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock worth $842,556,000 after purchasing an additional 749,085 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Crown by 379.3% in the fourth 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 in the last quarter. Institutional investors own 90.93% of the company’s stock.

Crown Trading Down 0.3 %

CCK stock opened at $88.11 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.84 and a current ratio of 1.22. The company’s 50-day simple moving average is $85.21 and its 200 day simple moving average is $89.41. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The company has a market capitalization of $10.54 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87.

Crown (NYSE:CCK) last released 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 net margin of 3.59% and a return on equity of 25.12%. As a group, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCK has been the topic of several analyst reports. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Loop Capital upped their price target on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Barclays dropped their price target on shares of Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Royal Bank of Canada upped their price target on shares of Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Bank of America dropped their price target on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Crown currently has an average rating of “Moderate Buy” and a consensus target price of $105.69.

Crown Company 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.