Natixis Advisors L.P. Raises Stake in Crown Holdings, Inc. (NYSE:CCK)

Natixis Advisors L.P. grew its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 62.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 349,266 shares of the industrial products company's stock after acquiring an additional 134,250 shares during the period. Natixis Advisors L.P. owned about 0.29% of Crown worth $32,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hudson Bay Capital Management LP boosted its position in shares of Crown by 55.6% in the 3rd quarter. Hudson Bay Capital Management LP now owns 70,000 shares of the industrial products company's stock worth $6,194,000 after purchasing an additional 25,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Crown by 245.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,808 shares of the industrial products company's stock worth $5,784,000 after purchasing an additional 44,630 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Crown in the 4th quarter worth approximately $3,122,000. Wellington Management Group LLP boosted its position in shares of Crown by 4.1% in the 3rd quarter. Wellington Management Group LLP now owns 504,720 shares of the industrial products company's stock worth $44,658,000 after purchasing an additional 19,666 shares in the last quarter. Finally, SeaTown Holdings Pte. Ltd. boosted its position in shares of Crown by 19.6% in the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 86,100 shares of the industrial products company's stock worth $7,618,000 after purchasing an additional 14,100 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Trading Up 0.1 %

Shares of NYSE:CCK traded up $0.08 during trading hours on Friday, hitting $82.45. 841,694 shares of the company's stock traded hands, compared to its average volume of 1,283,167. Crown Holdings, Inc. has a 1 year low of $69.61 and a 1 year high of $96.35. The business has a fifty day moving average price of $78.16 and a 200-day moving average price of $82.64. The firm has a market capitalization of $9.96 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 2.79 and a beta of 0.88. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.19 and a quick ratio of 0.77.

Crown (NYSE:CCK - Get Free Report) last announced its earnings results on Monday, April 29th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.06. Crown had a return on equity of 23.95% and a net margin of 3.51%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. Equities analysts expect that Crown Holdings, Inc. will post 5.94 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.00 annualized dividend and a dividend yield of 1.21%. Crown's dividend payout ratio (DPR) is presently 28.82%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Crown from $76.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Wolfe Research assumed coverage on Crown in a research report on Friday, March 1st. They issued an "outperform" rating and a $102.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Crown from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday. Morgan Stanley assumed coverage on Crown in a research report on Monday, March 18th. They issued an "equal weight" rating and a $87.00 price objective on the stock. Finally, Mizuho lowered their price objective on Crown from $105.00 to $96.00 and set a "buy" rating on the stock in a research report on Tuesday, February 6th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $99.29.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 22,500 shares of the business's stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $85.18, for a total value of $1,916,550.00. Following the completion of the sale, the chief executive officer now owns 616,178 shares in the company, valued at $52,486,042.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company 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.