D.A. Davidson & CO. Sells 4,692 Shares of Crown Holdings, Inc. (NYSE:CCK)

D.A. Davidson & CO. cut its stake in Crown Holdings, Inc. (NYSE:CCK) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,875 shares of the industrial products company’s stock after selling 4,692 shares during the period. D.A. Davidson & CO.’s holdings in Crown were worth $3,711,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in Crown by 121.3% in the 3rd quarter. Tidal Investments LLC now owns 21,997 shares of the industrial products company’s stock valued at $2,109,000 after purchasing an additional 12,058 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Crown by 4.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 249,041 shares of the industrial products company’s stock valued at $23,878,000 after purchasing an additional 10,295 shares during the period. Jensen Investment Management Inc. boosted its holdings in Crown by 7.8% in the 3rd quarter. Jensen Investment Management Inc. now owns 100,918 shares of the industrial products company’s stock valued at $9,676,000 after purchasing an additional 7,280 shares during the period. Nordea Investment Management AB boosted its holdings in Crown by 19.3% in the 4th quarter. Nordea Investment Management AB now owns 1,095,382 shares of the industrial products company’s stock valued at $90,511,000 after purchasing an additional 176,959 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Crown by 7.8% in 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 buying an additional 412,973 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCK. 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 research note on Monday, January 6th. Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Royal Bank of Canada increased their price objective on shares of Crown from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Barclays dropped their target price on shares of Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, UBS Group dropped their target price on shares of Crown from $113.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Crown has an average rating of “Moderate Buy” and an average target price of $105.69.

Crown Stock Up 0.3 %

Shares of NYSE:CCK opened at $88.60 on Friday. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46. The company’s 50-day moving average price is $85.26 and its two-hundred day moving average price is $89.40. 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 firm has a market cap of $10.60 billion, a P/E ratio of 24.89, a P/E/G ratio of 1.57 and a beta of 0.87.

Crown (NYSE:CCK) last issued its quarterly earnings data 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%. As a group, research analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

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.