Amica Mutual Insurance Co. Raises Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Amica Mutual Insurance Co. grew its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 102,525 shares of the industrial products company’s stock after acquiring an additional 884 shares during the period. Crown accounts for about 0.9% of Amica Mutual Insurance Co.’s investment portfolio, making the stock its 27th biggest holding. Amica Mutual Insurance Co.’s holdings in Crown were worth $8,478,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several research analysts have recently commented on CCK shares. Wells Fargo & Company boosted their price target on Crown from $86.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Royal Bank of Canada boosted their price objective on shares of Crown from $113.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Barclays lowered their target price on shares of Crown from $112.00 to $109.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Mizuho reduced their price target on Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Crown Price Performance

Shares of CCK opened at $89.18 on Thursday. The firm has a market capitalization of $10.48 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.56 and a beta of 0.88. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company’s fifty day moving average price is $88.08 and its 200-day moving average price is $89.47. Crown Holdings, Inc. has a 1-year low of $70.84 and a 1-year high of $98.46.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. Crown had a return on equity of 25.12% and a net margin of 3.59%. On average, equities research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.17%. This is a boost from Crown’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 18th. Crown’s payout ratio is presently 29.21%.

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.