BB&T Corp grew its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 9.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,855 shares of the industrial products company’s stock after acquiring an additional 2,172 shares during the quarter. BB&T Corp’s holdings in Crown Holdings were worth $1,545,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Strs Ohio increased its stake in Crown Holdings by 304.9% during the third quarter. Strs Ohio now owns 365,206 shares of the industrial products company’s stock worth $21,810,000 after acquiring an additional 275,000 shares during the last quarter. Oakbrook Investments LLC acquired a new stake in Crown Holdings during the third quarter worth about $207,000. Quantitative Systematic Strategies LLC acquired a new stake in Crown Holdings during the third quarter worth about $806,000. Shell Asset Management Co. increased its stake in Crown Holdings by 162.8% during the third quarter. Shell Asset Management Co. now owns 23,981 shares of the industrial products company’s stock worth $1,068,000 after acquiring an additional 14,856 shares during the last quarter. Finally, Pensionfund Sabic acquired a new stake in Crown Holdings during the third quarter worth about $1,618,000. Institutional investors own 90.76% of the company’s stock.
Several equities research analysts have commented on CCK shares. BMO Capital Markets restated a “buy” rating and set a $65.00 price target on shares of Crown Holdings in a research note on Monday, September 4th. Jefferies Group LLC set a $70.00 price target on Crown Holdings and gave the stock a “buy” rating in a research note on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 target price on shares of Crown Holdings in a research report on Wednesday, July 12th. Zacks Investment Research raised Crown Holdings from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Monday, July 10th. Finally, Vertical Research downgraded Crown Holdings from a “buy” rating to a “hold” rating and upped their target price for the stock from $60.00 to $64.00 in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $64.20.
Crown Holdings, Inc. (NYSE CCK) opened at 59.27 on Monday. The stock has a market cap of $8.02 billion, a P/E ratio of 16.98 and a beta of 1.40. Crown Holdings, Inc. has a one year low of $51.57 and a one year high of $61.61. The company has a 50-day moving average price of $60.27 and a 200-day moving average price of $58.41.
Crown Holdings (NYSE:CCK) last posted its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $1.41 EPS for the quarter, hitting analysts’ consensus estimates of $1.41. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.39 billion. Crown Holdings had a return on equity of 65.80% and a net margin of 5.64%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. On average, analysts anticipate that Crown Holdings, Inc. will post $4.03 earnings per share for the current year.
Crown Holdings Profile
Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.
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