Northwestern Mutual Wealth Management Co. grew its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 32.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,293 shares of the industrial products company’s stock after purchasing an additional 1,546 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Crown were worth $343,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in Crown by 2.4% during the 4th quarter. Prudential Financial Inc. now owns 8,385 shares of the industrial products company’s stock worth $349,000 after purchasing an additional 200 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Crown by 0.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 36,251 shares of the industrial products company’s stock valued at $1,437,000 after acquiring an additional 235 shares during the last quarter. Atlas Capital Advisors LLC raised its holdings in Crown by 16.7% in the 1st quarter. Atlas Capital Advisors LLC now owns 2,100 shares of the industrial products company’s stock valued at $115,000 after buying an additional 300 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in Crown by 3.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 12,412 shares of the industrial products company’s stock valued at $677,000 after buying an additional 363 shares during the period. Finally, First Personal Financial Services raised its holdings in Crown by 178.7% in the 1st quarter. First Personal Financial Services now owns 577 shares of the industrial products company’s stock valued at $31,000 after buying an additional 370 shares during the period. 98.94% of the stock is owned by hedge funds and other institutional investors.
CCK has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Crown from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Morgan Stanley set a $56.00 price target on shares of Crown and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Wells Fargo & Co set a $65.00 price target on shares of Crown and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Deutsche Bank boosted their price target on shares of Crown from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.67.
Shares of CCK stock traded up $0.97 during trading hours on Monday, reaching $62.07. 980,500 shares of the stock were exchanged, compared to its average volume of 1,357,512. The stock has a fifty day moving average price of $59.13. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.20 and a quick ratio of 0.65. Crown Holdings, Inc. has a 12-month low of $39.05 and a 12-month high of $62.16. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.65 and a beta of 1.59.
Crown (NYSE:CCK) last released its earnings results on Wednesday, April 17th. The industrial products company reported $1.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.05. Crown had a net margin of 3.86% and a return on equity of 54.33%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, research analysts predict that Crown Holdings, Inc. will post 5.29 EPS for the current year.
Crown Company Profile
Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.
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