Deprince Race & Zollo Inc. Increases Holdings in Crown Holdings, Inc. (NYSE:CCK)

Deprince Race & Zollo Inc. boosted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,888 shares of the industrial products company's stock after purchasing an additional 17,044 shares during the period. Deprince Race & Zollo Inc. owned about 0.26% of Crown worth $25,707,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC boosted its position in Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after buying an additional 261 shares during the period. Nordea Investment Management AB boosted its holdings in Crown by 19.3% in the fourth quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company's stock valued at $90,511,000 after acquiring an additional 176,959 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Crown during the fourth quarter worth $1,051,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Crown by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,088 shares of the industrial products company's stock worth $1,661,000 after acquiring an additional 256 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA boosted its holdings in shares of Crown by 0.3% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company's stock worth $4,735,000 after buying an additional 155 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCK has been the subject of a number of recent research reports. UBS Group boosted their price target on shares of Crown from $109.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Royal Bank of Canada upped their price objective on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Barclays upped their price objective on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their target price on Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Mizuho upped their price target on Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Crown has a consensus rating of "Moderate Buy" and an average target price of $110.45.

Insider Buying and Selling

In related news, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer now directly owns 135,014 shares in the company, valued at approximately $13,096,358. The trade was a 4.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by company insiders.

Crown Stock Performance

Shares of Crown stock traded down $0.19 during trading hours on Friday, reaching $97.14. 730,416 shares of the stock traded hands, compared to its average volume of 1,202,046. 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 Holdings, Inc. has a one year low of $70.84 and a one year high of $98.48. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 27.29, a P/E/G ratio of 1.56 and a beta of 0.76. The company has a 50 day moving average price of $88.87 and a 200 day moving average price of $88.33.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.22 by $0.45. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.82 billion. Crown had a net margin of 3.59% and a return on equity of 25.12%. The company's revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $1.02 EPS. On average, equities research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, May 15th. Crown's payout ratio is currently 22.37%.

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.