Vaughan Nelson Investment Management L.P. Has $9.23 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Vaughan Nelson Investment Management L.P. reduced its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 45.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 100,244 shares of the industrial products company's stock after selling 84,562 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.08% of Crown worth $9,232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Equitable Holdings Inc. lifted its holdings in shares of Crown by 4.5% in the 2nd quarter. Equitable Holdings Inc. now owns 2,681 shares of the industrial products company's stock valued at $233,000 after purchasing an additional 116 shares during the last quarter. DB Fitzpatrick & Co Inc raised its stake in Crown by 0.9% during the 3rd quarter. DB Fitzpatrick & Co Inc now owns 16,258 shares of the industrial products company's stock valued at $1,439,000 after acquiring an additional 142 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Crown by 1.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 13,715 shares of the industrial products company's stock valued at $1,205,000 after acquiring an additional 180 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in Crown by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 48,116 shares of the industrial products company's stock valued at $4,257,000 after acquiring an additional 180 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Crown by 2.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,903 shares of the industrial products company's stock valued at $611,000 after acquiring an additional 183 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Crown

In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $90.96, for a total transaction of $682,200.00. Following the sale, the chief executive officer now owns 651,264 shares in the company, valued at approximately $59,238,973.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on CCK shares. JPMorgan Chase & Co. raised Crown from a "neutral" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Wednesday, February 7th. Morgan Stanley started coverage on Crown in a research note on Monday, March 18th. They set an "equal weight" rating and a $87.00 price objective for the company. UBS Group assumed coverage on Crown in a research note on Tuesday, January 16th. They set a "buy" rating and a $112.00 price objective for the company. Wells Fargo & Company dropped their target price on Crown from $93.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 7th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $90.00 target price on shares of Crown in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $99.36.

Crown Price Performance

Shares of CCK traded down $0.20 on Friday, reaching $77.30. The stock had a trading volume of 608,641 shares, compared to its average volume of 1,042,772. The firm has a 50-day moving average of $78.01 and a 200 day moving average of $83.43. The firm has a market capitalization of $9.34 billion, a PE ratio of 20.56, a PEG ratio of 2.61 and a beta of 0.91. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $96.35.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.43 by ($0.19). The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.96 billion. Crown had a net margin of 3.75% and a return on equity of 25.75%. Crown's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 EPS. Sell-side analysts expect that Crown Holdings, Inc. will post 5.91 EPS for the current year.

Crown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Wednesday, March 13th. This is a boost from Crown's previous quarterly dividend of $0.24. Crown's dividend payout ratio is 26.60%.

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.