Crown Holdings, Inc. (NYSE:CCK) VP Sells $90,816.00 in Stock

Crown Holdings, Inc. (NYSE:CCK) VP David A. Beaver sold 1,200 shares of Crown stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $75.68, for a total transaction of $90,816.00.

NYSE:CCK traded up $0.08 during trading hours on Tuesday, hitting $75.83. The company had a trading volume of 811,121 shares, compared to its average volume of 1,346,583. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.12 and a quick ratio of 0.64. The stock has a 50-day moving average price of $72.52 and a 200 day moving average price of $64.98. The company has a market capitalization of $10.29 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 2.16 and a beta of 1.55. Crown Holdings, Inc. has a 52 week low of $39.05 and a 52 week high of $78.29.

Crown (NYSE:CCK) last issued its quarterly earnings data on Wednesday, October 16th. The industrial products company reported $1.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($0.01). Crown had a return on equity of 41.91% and a net margin of 4.10%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company posted $1.71 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts anticipate that Crown Holdings, Inc. will post 5.02 EPS for the current fiscal year.

A number of brokerages have issued reports on CCK. Deutsche Bank raised their price target on shares of Crown from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 18th. They noted that the move was a valuation call. BMO Capital Markets upped their price objective on shares of Crown from $72.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Morgan Stanley increased their target price on shares of Crown from $56.00 to $72.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Citigroup set a $79.00 target price on shares of Crown and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their target price on Crown from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $75.30.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC purchased a new stake in Crown in the second quarter worth about $288,769,000. EdgePoint Investment Group Inc. grew its stake in Crown by 25.3% in the second quarter. EdgePoint Investment Group Inc. now owns 9,097,806 shares of the industrial products company’s stock worth $555,876,000 after purchasing an additional 1,837,020 shares during the period. William Blair Investment Management LLC grew its stake in Crown by 2,231.4% in the second quarter. William Blair Investment Management LLC now owns 1,523,046 shares of the industrial products company’s stock worth $93,058,000 after purchasing an additional 1,457,718 shares during the period. JPMorgan Chase & Co. grew its stake in Crown by 21.9% in the second quarter. JPMorgan Chase & Co. now owns 7,166,386 shares of the industrial products company’s stock worth $425,970,000 after purchasing an additional 1,285,895 shares during the period. Finally, Columbus Circle Investors raised its holdings in Crown by 207.6% in the third quarter. Columbus Circle Investors now owns 510,251 shares of the industrial products company’s stock worth $33,707,000 after purchasing an additional 344,388 shares in the last quarter. Institutional investors own 93.36% of the company’s stock.

About Crown

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food, beverage, household, and other consumer products; glass bottles for beverage product; and metal vacuum closures and steel crowns through its sales organization to the soft drink, food, citrus, brewing, household products, personal care, and various other industries.

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