B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in Crown Holdings, Inc. (NYSE:CCK)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Crown Holdings, Inc. (NYSE:CCK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,564 shares of the industrial products company’s stock, valued at approximately $533,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of Crown by 6.1% during the second quarter. Nisa Investment Advisors LLC now owns 2,753 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 158 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after buying an additional 163 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Crown by 36.1% in the 2nd quarter. Fifth Third Bancorp now owns 664 shares of the industrial products company’s stock worth $49,000 after buying an additional 176 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Crown by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock valued at $894,000 after acquiring an additional 183 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Crown by 5.4% during the second quarter. CIBC Asset Management Inc now owns 4,079 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 209 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy J. Donahue sold 7,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the transaction, the chief executive officer now directly owns 563,678 shares in the company, valued at approximately $54,524,572.94. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $95.89, for a total value of $958,900.00. Following the sale, the chief operating officer now owns 114,402 shares in the company, valued at $10,970,007.78. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,506 shares of company stock valued at $3,157,399 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

Crown Stock Up 2.0 %

CCK opened at $92.82 on Monday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.21 and a quick ratio of 0.84. Crown Holdings, Inc. has a one year low of $69.61 and a one year high of $98.46. The firm has a market capitalization of $11.10 billion, a P/E ratio of 114.59, a price-to-earnings-growth ratio of 2.02 and a beta of 0.85. The company has a fifty day moving average price of $93.59 and a 200-day moving average price of $86.82.

Crown (NYSE:CCK) last announced its earnings results on Thursday, October 17th. The industrial products company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.18. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.07 billion. Crown had a return on equity of 24.57% and a net margin of 0.83%. Equities research analysts expect that Crown Holdings, Inc. will post 6.34 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.08%. Crown’s payout ratio is presently 123.46%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCK. Loop Capital raised their target price on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Royal Bank of Canada raised their price objective on shares of Crown from $105.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Saturday, October 26th. Barclays lifted their price target on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Robert W. Baird increased their price objective on Crown from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.62.

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.