PDT Partners LLC Purchases 8,913 Shares of Crown Holdings, Inc. (NYSE:CCK)

PDT Partners LLC boosted its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,913 shares of the industrial products company's stock after buying an additional 8,913 shares during the quarter. PDT Partners LLC's holdings in Crown were worth $2,556,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in shares of Crown by 30.6% during the fourth quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock worth $140,720,000 after acquiring an additional 399,842 shares in the last quarter. Northern Trust Corp raised its stake in shares of Crown by 32.0% during the 4th quarter. Northern Trust Corp now owns 1,092,911 shares of the industrial products company's stock worth $90,373,000 after purchasing an additional 264,803 shares in the last quarter. Vulcan Value Partners LLC lifted its holdings in shares of Crown by 450.5% during the 4th quarter. Vulcan Value Partners LLC now owns 823,691 shares of the industrial products company's stock valued at $68,027,000 after buying an additional 674,072 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Crown in the 4th quarter valued at approximately $2,507,000. Finally, Hancock Whitney Corp acquired a new position in Crown in the fourth quarter worth approximately $341,000. Institutional investors and hedge funds own 90.93% of the company's stock.

Insider Transactions at Crown

In related news, COO Gerard H. Gifford sold 7,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer now owns 135,014 shares of the company's stock, valued at $13,096,358. The trade was a 4.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by insiders.

Crown Stock Performance

Crown stock traded up $0.87 during mid-day trading on Friday, reaching $96.98. The company had a trading volume of 1,491,549 shares, compared to its average volume of 1,200,402. The company has a 50 day moving average of $87.93 and a 200-day moving average of $88.33. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.48. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The firm has a market cap of $11.34 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.56 and a beta of 0.79.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.45. Crown had a return on equity of 25.12% and a net margin of 3.59%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the company posted $1.02 earnings per share. The company's quarterly revenue was up 3.7% compared to the same quarter last year. On average, sell-side analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, May 15th. Crown's dividend payout ratio is 22.37%.

Analysts Set New Price Targets

CCK has been the topic of a number of recent research reports. Bank of America cut their price target on shares of Crown from $107.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, January 6th. UBS Group upped their price target on Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday. Barclays raised their price objective on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research note on Wednesday. Morgan Stanley raised Crown from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Finally, Mizuho lifted their price target on shares of Crown from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $110.45.

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.