Bfsg LLC Trims Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Bfsg LLC lessened its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 8.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,345 shares of the industrial products company’s stock after selling 230 shares during the quarter. Bfsg LLC’s holdings in Crown were worth $194,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CCK. Creative Planning raised its position in shares of Crown by 3.6% during the 3rd quarter. Creative Planning now owns 45,835 shares of the industrial products company’s stock valued at $4,395,000 after buying an additional 1,586 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Crown by 1.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,444 shares of the industrial products company’s stock valued at $2,056,000 after buying an additional 347 shares during the period. Blue Trust Inc. raised its position in shares of Crown by 158.9% during the 3rd quarter. Blue Trust Inc. now owns 1,574 shares of the industrial products company’s stock valued at $151,000 after buying an additional 966 shares during the period. Raymond James & Associates raised its position in Crown by 16.2% in the third quarter. Raymond James & Associates now owns 115,158 shares of the industrial products company’s stock valued at $11,041,000 after purchasing an additional 16,074 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Crown by 27.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 222,522 shares of the industrial products company’s stock valued at $21,335,000 after purchasing an additional 47,484 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCK. Citigroup boosted their target price on Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Mizuho cut their target price on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. UBS Group cut their target price on Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada boosted their target price on Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Truist Financial boosted their target price on Crown from $103.00 to $104.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Crown has an average rating of “Moderate Buy” and a consensus target price of $105.69.

Crown Stock Performance

Shares of CCK stock opened at $89.24 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 1.88. The firm has a fifty day moving average price of $85.21 and a 200 day moving average price of $89.41. The company has a market cap of $10.68 billion, a P/E ratio of 25.07, a PEG ratio of 1.68 and a beta of 0.87. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Crown had a net margin of 3.59% and a return on equity of 25.12%. Sell-side analysts predict that Crown Holdings, Inc. will post 6.83 earnings per share for the current fiscal year.

Crown Company 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.