Cooke & Bieler LP Has $92.13 Million Stake in Crown Holdings, Inc. (CCK)

Cooke & Bieler LP grew its stake in Crown Holdings, Inc. (NYSE:CCK) by 9.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,637,856 shares of the industrial products company’s stock after purchasing an additional 140,909 shares during the period. Crown makes up about 1.7% of Cooke & Bieler LP’s portfolio, making the stock its 24th biggest position. Cooke & Bieler LP owned about 1.22% of Crown worth $92,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in shares of Crown by 3.2% in the 4th quarter. California Public Employees Retirement System now owns 311,815 shares of the industrial products company’s stock valued at $17,540,000 after purchasing an additional 9,677 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Crown by 329.4% in the 4th quarter. Teacher Retirement System of Texas now owns 46,452 shares of the industrial products company’s stock valued at $2,613,000 after purchasing an additional 35,635 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Crown by 411.5% in the 4th quarter. Meeder Asset Management Inc. now owns 66,715 shares of the industrial products company’s stock valued at $3,754,000 after purchasing an additional 53,671 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Crown by 16.0% in the 4th quarter. CIBC Asset Management Inc now owns 13,942 shares of the industrial products company’s stock valued at $784,000 after purchasing an additional 1,920 shares during the last quarter. Finally, CI Global Investments Inc. lifted its stake in shares of Crown by 0.5% in the 4th quarter. CI Global Investments Inc. now owns 576,845 shares of the industrial products company’s stock valued at $32,448,000 after purchasing an additional 2,884 shares during the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Crown from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Wells Fargo & Co raised their price objective on Crown from $57.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. KeyCorp reaffirmed a “hold” rating on shares of Crown in a research note on Thursday, October 19th. ValuEngine downgraded Crown from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Finally, UBS Group assumed coverage on Crown in a report on Wednesday, November 29th. They issued a “neutral” rating and a $65.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $64.27.

Shares of Crown Holdings, Inc. (NYSE CCK) opened at $51.12 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.04 and a debt-to-equity ratio of 4.60. Crown Holdings, Inc. has a fifty-two week low of $50.47 and a fifty-two week high of $62.27. The firm has a market capitalization of $6,864.19, a P/E ratio of 12.65, a PEG ratio of 1.67 and a beta of 1.42.

Crown (NYSE:CCK) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Crown had a return on equity of 56.47% and a net margin of 3.71%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. research analysts anticipate that Crown Holdings, Inc. will post 4.41 EPS for the current year.

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Crown Profile

Crown Holdings, Inc is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s business is organized within three divisions: Americas, Europe and Asia Pacific. Within each division, the Company is organized along product lines. The Company’s segments within the Americas Division are Americas Beverage and North America Food.

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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