Robeco Institutional Asset Management B.V. Purchases 75,751 Shares of Crown Holdings, Inc. (NYSE:CCK)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 77.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,062 shares of the industrial products company's stock after purchasing an additional 75,751 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Crown worth $15,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Adams Diversified Equity Fund Inc. lifted its stake in shares of Crown by 86.3% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 104,700 shares of the industrial products company's stock worth $9,346,000 after buying an additional 48,500 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Crown by 16.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 46,445 shares of the industrial products company's stock valued at $4,146,000 after buying an additional 6,572 shares during the last quarter. Avantra Family Wealth Inc. bought a new position in Crown in the 1st quarter valued at about $202,000. Blue Trust Inc. lifted its position in Crown by 15.3% during the first quarter. Blue Trust Inc. now owns 1,644 shares of the industrial products company's stock worth $147,000 after acquiring an additional 218 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Crown during the first quarter worth approximately $820,000. 90.93% of the stock is owned by institutional investors.

Insider Transactions at Crown

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

Crown Price Performance

Crown stock traded down $1.02 during trading hours on Friday, reaching $103.43. 1,671,447 shares of the stock were exchanged, compared to its average volume of 1,245,513. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 1.50. Crown Holdings, Inc. has a twelve month low of $70.84 and a twelve month high of $105.38. The company has a market cap of $12.04 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.76. The stock has a 50 day moving average of $98.02 and a two-hundred day moving average of $90.26.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.45. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. Crown had a net margin of 4.62% and a return on equity of 26.98%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. Equities analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.26 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.01%. Crown's payout ratio is 22.37%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCK shares. Mizuho increased their target price on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Barclays increased their price objective on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group raised their price target on shares of Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada lifted their price objective on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Crown has an average rating of "Moderate Buy" and a consensus price target of $111.64.

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.