International Assets Investment Management LLC Purchases Shares of 20,904 Crown Holdings, Inc. (NYSE:CCK)

International Assets Investment Management LLC bought a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,904 shares of the industrial products company's stock, valued at approximately $1,925,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hudson Bay Capital Management LP increased its holdings in Crown by 55.6% during 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 acquiring an additional 25,000 shares during the period. Wellington Management Group LLP raised its position in shares of Crown by 4.1% in the third quarter. Wellington Management Group LLP now owns 504,720 shares of the industrial products company's stock worth $44,658,000 after buying an additional 19,666 shares in the last quarter. SeaTown Holdings Pte. Ltd. boosted its stake in Crown by 19.6% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 86,100 shares of the industrial products company's stock valued at $7,618,000 after buying an additional 14,100 shares during the period. Comerica Bank purchased a new position in Crown during the third quarter worth about $5,019,000. Finally, DB Fitzpatrick & Co Inc increased its stake in Crown by 0.9% in the 3rd quarter. DB Fitzpatrick & Co Inc now owns 16,258 shares of the industrial products company's stock worth $1,439,000 after acquiring an additional 142 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Trading Up 0.1 %

CCK stock traded up $0.12 during midday trading on Monday, hitting $84.15. The company had a trading volume of 922,656 shares, compared to its average volume of 1,223,027. The company has a current ratio of 1.19, a quick ratio of 0.77 and a debt-to-equity ratio of 2.26. Crown Holdings, Inc. has a 52 week low of $69.61 and a 52 week high of $96.35. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 2.82 and a beta of 0.88. The stock's 50 day moving average price is $78.91 and its 200 day moving average price is $82.80.

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

Crown Announces Dividend

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

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 22,500 shares of the 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 transaction, the chief executive officer now owns 616,178 shares of the company's stock, valued at approximately $52,486,042.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CCK shares. Morgan Stanley started coverage on Crown in a report on Monday, March 18th. They set an "equal weight" rating and a $87.00 price objective for the company. Robert W. Baird boosted their price target on shares of Crown from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. Mizuho lowered their price objective on shares of Crown from $105.00 to $96.00 and set a "buy" rating on the stock in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their target price on shares of Crown from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 1st. Finally, Wolfe Research began coverage on Crown in a research report on Friday, March 1st. They set an "outperform" rating and a $102.00 price target on the stock. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.