Crown Holdings, Inc. (NYSE:CCK) Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its position in Crown Holdings, Inc. (NYSE:CCK) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,540 shares of the industrial products company’s stock after acquiring an additional 1,050 shares during the quarter. Kennedy Capital Management LLC’s holdings in Crown were worth $1,549,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its holdings in Crown by 87.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,049 shares of the industrial products company’s stock valued at $1,202,000 after acquiring an additional 6,083 shares in the last quarter. Oak Thistle LLC lifted its holdings in Crown by 5.3% during the 4th quarter. Oak Thistle LLC now owns 6,871 shares of the industrial products company’s stock worth $633,000 after buying an additional 343 shares during the last quarter. DAVENPORT & Co LLC grew its position in shares of Crown by 12.8% in the 4th quarter. DAVENPORT & Co LLC now owns 50,246 shares of the industrial products company’s stock worth $4,627,000 after acquiring an additional 5,686 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Crown by 1.2% in the 4th quarter. Arizona State Retirement System now owns 33,160 shares of the industrial products company’s stock valued at $3,054,000 after acquiring an additional 394 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Crown during the 4th quarter valued at approximately $1,925,000. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CCK shares. JPMorgan Chase & Co. increased their target price on shares of Crown from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. UBS Group cut their target price on shares of Crown from $112.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Robert W. Baird upped their target price on Crown from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. StockNews.com raised Crown from a “hold” rating to a “buy” rating in a report on Wednesday, July 24th. Finally, Citigroup increased their target price on Crown from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Crown has an average rating of “Moderate Buy” and a consensus price target of $100.21.

Crown Stock Up 1.5 %

CCK stock opened at $88.69 on Thursday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.05 and a quick ratio of 0.73. The firm has a market capitalization of $10.70 billion, a P/E ratio of 25.56, a P/E/G ratio of 2.07 and a beta of 0.85. Crown Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $94.78. The company’s 50 day simple moving average is $79.24 and its 200-day simple moving average is $80.05.

Crown (NYSE:CCK) last issued its earnings results on Monday, July 22nd. The industrial products company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.59 by $0.22. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.06 billion. Crown had a return on equity of 23.96% and a net margin of 3.68%. Crown’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. As a group, equities research analysts anticipate that Crown Holdings, Inc. will post 6.15 EPS for the current year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. Crown’s dividend payout ratio is 28.82%.

Insider Buying and Selling at Crown

In other news, Director James H. Miller sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $82.93, for a total transaction of $746,370.00. Following the completion of the sale, the director now directly owns 12,884 shares of the company’s stock, valued at approximately $1,068,470.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Timothy J. Donahue sold 15,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $85.03, for a total transaction of $1,275,450.00. Following the completion of the sale, the chief executive officer now owns 593,678 shares in the company, valued at approximately $50,480,440.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James H. Miller sold 9,000 shares of Crown stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $82.93, for a total value of $746,370.00. Following the completion of the transaction, the director now directly owns 12,884 shares in the company, valued at $1,068,470.12. The disclosure for this sale can be found here. Insiders have sold 31,500 shares of company stock worth $2,659,320 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

About Crown

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.