Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stake in Crown Holdings, Inc. (NYSE:CCK)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Crown Holdings, Inc. (NYSE:CCK) by 15.8% in the 4th quarter, HoldingsChannel reports. The fund owned 82,200 shares of the industrial products company’s stock after acquiring an additional 11,200 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Crown were worth $6,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nan Fung Trinity HK Ltd. grew its position in Crown by 40.8% in the fourth quarter. Nan Fung Trinity HK Ltd. now owns 221,600 shares of the industrial products company’s stock worth $18,324,000 after acquiring an additional 64,200 shares in the last quarter. Olympiad Research LP purchased a new position in Crown in the fourth quarter worth about $213,000. Ieq Capital LLC grew its position in Crown by 469.5% in the fourth quarter. Ieq Capital LLC now owns 59,016 shares of the industrial products company’s stock worth $4,880,000 after acquiring an additional 48,654 shares in the last quarter. Alberta Investment Management Corp purchased a new position in Crown in the fourth quarter worth about $3,258,000. Finally, Venturi Wealth Management LLC grew its position in Crown by 48.6% in the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock worth $68,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Wall Street Analysts Forecast Growth

CCK has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Crown from $86.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. 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. Morgan Stanley upgraded Crown from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $109.00 to $105.00 in a research report on Monday, January 13th. 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. Finally, Barclays dropped their target price on Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.69.

Crown Stock Performance

Crown stock opened at $86.86 on Tuesday. The company has a 50 day moving average price of $85.26 and a 200-day moving average price of $89.48. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.80 and a current ratio of 1.22. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.46. The company has a market capitalization of $10.39 billion, a PE ratio of 24.40, a P/E/G ratio of 1.56 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, equities analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current 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.