Union Bancaire Privee UBP SA Purchases Shares of 28,639 Crown Holdings, Inc. (NYSE:CCK)

Union Bancaire Privee UBP SA purchased a new stake in shares of Crown Holdings, Inc. (NYSE:CCK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,639 shares of the industrial products company’s stock, valued at approximately $2,382,000.

A number of other institutional investors have also made changes to their positions in CCK. Pacer Advisors Inc. increased its position 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 valued at $256,762,000 after acquiring an additional 3,074,791 shares during the last quarter. Metropolis Capital Ltd increased its position in shares of Crown by 68.7% during 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. Jennison Associates LLC increased its position in shares of Crown by 125.0% during the third quarter. Jennison Associates LLC now owns 1,352,711 shares of the industrial products company’s stock valued at $129,698,000 after acquiring an additional 751,530 shares during the last quarter. FMR LLC increased its position in shares of Crown by 9.3% during the third quarter. FMR LLC now owns 8,787,606 shares of the industrial products company’s stock valued at $842,556,000 after acquiring an additional 749,085 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Crown by 379.3% during the fourth quarter. Swedbank AB now owns 687,748 shares of the industrial products company’s stock valued at $56,870,000 after acquiring an additional 544,246 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CCK shares. Wells Fargo & Company lifted their price objective on shares of Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Bank of America dropped their price objective on shares of Crown from $107.00 to $101.00 and set a “buy” rating for the company in a report on Monday, January 6th. Citigroup lifted their price objective on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Finally, UBS Group dropped their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.69.

Crown Stock Down 1.5 %

Shares of Crown stock opened at $87.33 on Monday. Crown Holdings, Inc. has a 52-week low of $70.84 and a 52-week high of $98.46. The company has a 50 day moving average of $85.25 and a 200 day moving average of $89.47. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $10.45 billion, a P/E ratio of 24.53, a P/E/G ratio of 1.56 and a beta of 0.87.

Crown (NYSE:CCK) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share (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%. As a group, research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS 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.