Vinva Investment Management Ltd Increases Stake in Crown Holdings, Inc. (NYSE:CCK)

Vinva Investment Management Ltd boosted its position in shares of Crown Holdings, Inc. (NYSE:CCK) by 208.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,911 shares of the industrial products company’s stock after purchasing an additional 8,046 shares during the quarter. Vinva Investment Management Ltd’s holdings in Crown were worth $975,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CCK. Farther Finance Advisors LLC boosted its holdings in shares of Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 256 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Crown during the 3rd quarter valued at about $44,000. GAMMA Investing LLC boosted its holdings in shares of Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock valued at $47,000 after acquiring an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 117 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Crown by 6,850.0% during the 3rd quarter. True Wealth Design LLC now owns 695 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 685 shares during the last quarter. 90.93% of the stock is owned by hedge funds and other institutional investors.

Crown Price Performance

NYSE CCK opened at $90.15 on Friday. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.46. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.56 and a beta of 0.88. The company’s 50 day moving average is $87.73 and its two-hundred day moving average is $89.55. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK) last released 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%. As a group, research analysts anticipate that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.26 per share. This is a positive change from Crown’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, March 18th. Crown’s dividend payout ratio (DPR) is 29.21%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a report on Monday, January 6th. UBS Group lowered their price objective on shares of Crown from $113.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Wells Fargo & Company increased their price objective on shares of Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Morgan Stanley upgraded shares of Crown from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Finally, StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

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.