IFM Investors Pty Ltd Buys 4,936 Shares of Crown Holdings, Inc. (NYSE:CCK)

IFM Investors Pty Ltd boosted its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 24.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,175 shares of the industrial products company's stock after purchasing an additional 4,936 shares during the period. IFM Investors Pty Ltd's holdings in Crown were worth $2,414,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. 44 Wealth Management LLC bought a new position in shares of Crown in the first quarter valued at approximately $441,000. Teacher Retirement System of Texas bought a new position in Crown in the 1st quarter valued at $9,437,000. First Horizon Advisors Inc. raised its position in Crown by 878.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,301 shares of the industrial products company's stock valued at $116,000 after purchasing an additional 1,168 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in Crown in the 1st quarter valued at $350,000. Finally, KBC Group NV raised its position in Crown by 12.5% in the 1st quarter. KBC Group NV now owns 13,339 shares of the industrial products company's stock valued at $1,191,000 after purchasing an additional 1,487 shares during the last quarter. 90.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CCK has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Wall Street Zen upgraded shares of Crown from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 28th. Barclays boosted their price objective on shares of Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Citigroup boosted their target price on Crown from $119.00 to $129.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Crown presently has a consensus rating of "Moderate Buy" and an average target price of $113.27.

Crown Trading Up 0.1%

NYSE CCK opened at $108.05 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $12.58 billion, a PE ratio of 23.24, a P/E/G ratio of 1.86 and a beta of 0.76. The stock has a 50-day simple moving average of $100.26 and a 200 day simple moving average of $91.19. Crown Holdings, Inc. has a 12 month low of $71.62 and a 12 month high of $108.79.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results 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. Crown had a net margin of 4.62% and a return on equity of 26.98%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm earned $1.02 earnings per share. The business's quarterly revenue was up 3.7% on a year-over-year basis. Research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.26 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. Crown's dividend payout ratio (DPR) is currently 22.37%.

Insider Activity

In related news, COO Gerard H. Gifford sold 7,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total transaction of $679,000.00. Following the completion of the sale, the chief operating officer directly owned 135,014 shares of the company's stock, valued at approximately $13,096,358. This represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christy L. Kalaus sold 2,130 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $99.41, for a total transaction of $211,743.30. Following the sale, the vice president directly owned 4,500 shares of the company's stock, valued at $447,345. This represents a 32.13% decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

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.

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