Crown Holdings, Inc. (NYSE:CCK) Shares Bought by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC lifted its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,041 shares of the industrial products company's stock after purchasing an additional 82,192 shares during the period. Crown comprises about 1.4% of Reynders McVeigh Capital Management LLC's portfolio, making the stock its 28th largest holding. Reynders McVeigh Capital Management LLC owned 0.20% of Crown worth $22,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Sound Income Strategies LLC purchased a new stake in Crown during the 4th quarter worth approximately $26,000. Fifth Third Bancorp increased its stake in Crown by 46.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,009 shares of the industrial products company's stock worth $89,000 after buying an additional 318 shares in the last quarter. Picton Mahoney Asset Management grew its position in shares of Crown by 53.9% in the third quarter. Picton Mahoney Asset Management now owns 1,036 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 363 shares in the last quarter. CWM LLC grew its position in shares of Crown by 28.3% in the fourth quarter. CWM LLC now owns 1,627 shares of the industrial products company's stock valued at $150,000 after purchasing an additional 359 shares in the last quarter. Finally, RKL Wealth Management LLC purchased a new stake in shares of Crown in the fourth quarter valued at approximately $200,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Insider Transactions at Crown

In other news, CEO Timothy J. Donahue sold 22,500 shares of the company's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $85.18, for a total transaction of $1,916,550.00. Following the sale, the chief executive officer now owns 616,178 shares of the company's stock, valued at $52,486,042.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company's stock.

Crown Trading Up 0.3 %

NYSE:CCK traded up $0.25 during trading hours on Friday, reaching $84.03. 489,211 shares of the stock were exchanged, compared to its average volume of 1,287,702. The company has a quick ratio of 0.77, a current ratio of 1.19 and a debt-to-equity ratio of 2.26. The business has a 50-day moving average of $78.91 and a two-hundred day moving average of $82.77. Crown Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $96.35. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 2.82 and a beta of 0.88.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.06. Crown had a return on equity of 23.95% and a net margin of 3.51%. The company had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The firm's revenue was down 6.4% compared to the same quarter last year. On average, equities analysts predict that Crown Holdings, Inc. will post 5.95 EPS for the current year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, June 13th. Crown's dividend payout ratio is currently 28.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CCK shares. UBS Group started coverage on Crown in a research report on Tuesday, January 16th. They issued a "buy" rating and a $112.00 price target for the company. Robert W. Baird upped their price target on Crown from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. Mizuho dropped their price target on Crown from $105.00 to $96.00 and set a "buy" rating for the company in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price target on Crown from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. Finally, Wolfe Research started coverage on Crown in a report on Friday, March 1st. They issued an "outperform" rating and a $102.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $99.29.

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.