Vulcan Value Partners LLC Acquires 674,072 Shares of Crown Holdings, Inc. (NYSE:CCK)

Vulcan Value Partners LLC boosted its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 450.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 823,691 shares of the industrial products company's stock after buying an additional 674,072 shares during the quarter. Crown makes up 1.1% of Vulcan Value Partners LLC's holdings, making the stock its 20th biggest holding. Vulcan Value Partners LLC owned approximately 0.69% of Crown worth $68,027,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCK. Farther Finance Advisors LLC increased its holdings in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after purchasing an additional 256 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after purchasing an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after buying an additional 117 shares during the period. Venturi Wealth Management LLC raised its holdings in Crown by 48.6% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after buying an additional 269 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Crown by 325.1% during the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock worth $70,000 after buying an additional 647 shares during the period. Institutional investors own 90.93% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCK. Barclays upped their price target on shares of Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a research report on Wednesday. Royal Bank of Canada raised their target price on Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday. StockNews.com raised Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. UBS Group increased their price target on Crown from $109.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Mizuho lifted their price objective on Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Crown presently has a consensus rating of "Moderate Buy" and a consensus price target of $108.75.

Crown Stock Up 0.5 %

Shares of NYSE CCK traded up $0.50 during midday trading on Thursday, hitting $96.83. 631,930 shares of the stock traded hands, compared to its average volume of 1,391,861. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $98.48. The business has a 50 day moving average price of $87.56 and a two-hundred day moving average price of $88.29. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. The company has a market cap of $11.33 billion, a PE ratio of 27.19, a P/E/G ratio of 1.56 and a beta of 0.79.

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

Crown Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Tuesday, March 18th. This is a boost from Crown's previous quarterly dividend of $0.25. Crown's dividend payout ratio is currently 29.21%.

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.