Wilmington Savings Fund Society FSB Has $1.26 Million Position in Crown Holdings, Inc. (NYSE:CCK)

Wilmington Savings Fund Society FSB trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,184 shares of the industrial products company’s stock after selling 1,391 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Crown were worth $1,256,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Crown by 9.3% in the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after purchasing an additional 749,085 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Crown by 7.8% during the 3rd quarter. Victory Capital Management Inc. now owns 5,676,902 shares of the industrial products company’s stock valued at $544,301,000 after purchasing an additional 412,973 shares during the last quarter. State Street Corp grew its stake in Crown by 1.8% during the third quarter. State Street Corp now owns 4,000,402 shares of the industrial products company’s stock worth $383,559,000 after buying an additional 69,260 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Crown by 10,138.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,105,118 shares of the industrial products company’s stock worth $256,762,000 after buying an additional 3,074,791 shares in the last quarter. Finally, Metropolis Capital Ltd raised its stake in shares of Crown by 68.7% in the fourth quarter. Metropolis Capital Ltd now owns 2,456,357 shares of the industrial products company’s stock valued at $203,116,000 after acquiring an additional 1,000,605 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group dropped their price target on Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Loop Capital lifted their price target on Crown from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, October 21st. Barclays increased their price objective on shares of Crown from $100.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Citigroup boosted their price objective on shares of Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Bank of America reduced their target price on shares of Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Crown presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.92.

Crown Price Performance

NYSE CCK opened at $87.01 on Monday. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.68 and a beta of 0.87. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.84 and a current ratio of 1.22. The business has a 50 day simple moving average of $85.45 and a 200 day simple moving average of $89.34.

Crown (NYSE:CCK) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Analysts anticipate that Crown Holdings, Inc. will post 6.83 earnings per share for the current fiscal year.

Crown 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.