Crown Holdings, Inc. $CCK Stock Holdings Boosted by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lifted its position in Crown Holdings, Inc. (NYSE:CCK) by 90.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,135 shares of the industrial products company’s stock after buying an additional 21,447 shares during the period. J. Safra Sarasin Holding AG’s holdings in Crown were worth $4,360,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Crown during the third quarter worth about $15,472,000. LBP AM SA boosted its position in shares of Crown by 13.4% during the 3rd quarter. LBP AM SA now owns 76,814 shares of the industrial products company’s stock valued at $7,419,000 after purchasing an additional 9,098 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Crown by 15.8% during the 3rd quarter. CIBC Asset Management Inc now owns 5,995 shares of the industrial products company’s stock valued at $579,000 after purchasing an additional 817 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Crown in the 3rd quarter worth approximately $231,000. Finally, Oxbow Advisors LLC bought a new stake in shares of Crown in the 3rd quarter worth approximately $2,851,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Crown Trading Down 0.6%

Shares of CCK opened at $103.73 on Wednesday. The stock’s 50-day moving average price is $101.00 and its 200 day moving average price is $99.07. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 1.20 and a beta of 0.75. Crown Holdings, Inc. has a 12-month low of $75.98 and a 12-month high of $109.48.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Mizuho upped their price objective on shares of Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. UBS Group lifted their price target on Crown from $125.00 to $126.00 and gave the company a “buy” rating in a report on Monday, January 12th. Raymond James Financial reiterated an “outperform” rating and issued a $115.00 target price (up from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company increased their target price on shares of Crown from $99.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.62.

Insiders Place Their Bets

In other Crown news, CEO Timothy J. Donahue sold 29,024 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $105.00, for a total value of $3,047,520.00. Following the sale, the chief executive officer owned 411,556 shares of the company’s stock, valued at $43,213,380. The trade was a 6.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Djalma Novaes, Jr. sold 19,754 shares of Crown stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $101.02, for a total transaction of $1,995,549.08. Following the sale, the chief operating officer owned 96,841 shares in the company, valued at approximately $9,782,877.82. This trade represents a 16.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,254 shares of company stock worth $5,933,134 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

Crown Company Profile

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.