Vanguard Personalized Indexing Management LLC Trims Holdings in Crown Holdings, Inc. (NYSE:CCK)

Vanguard Personalized Indexing Management LLC lessened its holdings in Crown Holdings, Inc. (NYSE:CCKFree Report) by 8.3% in the 3rd quarter, Holdings reports. The fund owned 10,544 shares of the industrial products company’s stock after selling 953 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Crown were worth $933,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new stake in Crown in the third quarter worth about $25,000. Tobam acquired a new stake in Crown in the second quarter worth about $58,000. Quarry LP acquired a new stake in Crown in the first quarter worth about $58,000. Fifth Third Bancorp raised its stake in shares of Crown by 91.9% in the second quarter. Fifth Third Bancorp now owns 691 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 331 shares during the last quarter. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Crown in the second quarter worth about $78,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

Crown Stock Up 1.1 %

Crown stock opened at $75.61 on Tuesday. The stock has a market capitalization of $9.12 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 2.52 and a beta of 0.96. Crown Holdings, Inc. has a 12 month low of $69.61 and a 12 month high of $96.35. The business has a 50 day simple moving average of $89.06 and a 200-day simple moving average of $87.16. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.77.

Crown (NYSE:CCKGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.19). The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Crown had a net margin of 3.75% and a return on equity of 25.75%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. On average, analysts anticipate that Crown Holdings, Inc. will post 5.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $90.96, for a total transaction of $682,200.00. Following the completion of the sale, the chief executive officer now directly owns 651,264 shares in the company, valued at $59,238,973.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays reduced their price objective on Crown from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. TheStreet cut Crown from a “b-” rating to a “c+” rating in a research note on Wednesday, November 1st. upgraded Crown from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Royal Bank of Canada reduced their price target on Crown from $110.00 to $97.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $90.00 price target on shares of Crown in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to, the stock currently has an average rating of “Moderate Buy” and an average target price of $101.17.

Read Our Latest Report on CCK

About Crown

(Free Report)

Crown Holdings, Inc, together with its subsidiaries, supplies rigid packaging products in Pennsylvania and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The Americas Beverage segment manufactures recyclable aluminum beverage cans and ends, glass bottles, steel crowns, and aluminum caps.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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