Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in Crown Holdings, Inc. (NYSE:CCK) by 172.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,329 shares of the industrial products company’s stock after purchasing an additional 18,563 shares during the period. Crossmark Global Holdings Inc.’s holdings in Crown were worth $2,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA boosted its position in shares of Crown by 0.3% during the 4th quarter. Marshall & Sullivan Inc. WA now owns 57,268 shares of the industrial products company’s stock worth $4,735,000 after acquiring an additional 155 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Crown by 110.9% in the 3rd quarter. GAMMA Investing LLC now owns 310 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 163 shares during the period. DekaBank Deutsche Girozentrale raised its position in Crown by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $894,000 after acquiring an additional 183 shares in the last quarter. M&T Bank Corp lifted its position in shares of Crown by 3.8% during the 3rd quarter. M&T Bank Corp now owns 5,013 shares of the industrial products company’s stock valued at $481,000 after acquiring an additional 185 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Crown by 6.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,539 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 223 shares during the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley raised Crown from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $109.00 to $105.00 in a research report on Monday, January 13th. Loop Capital upped their price target on shares of Crown from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Truist Financial lifted their price target on shares of Crown from $103.00 to $104.00 and gave the stock a “hold” rating in a research note on Monday, January 6th. Mizuho cut their target price on shares of Crown from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Finally, Citigroup boosted their target price on shares of Crown from $110.00 to $111.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and an average price target of $105.46.

Crown Trading Up 1.6 %

Shares of CCK stock opened at $88.36 on Friday. Crown Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $98.46. The stock has a market capitalization of $10.57 billion, a P/E ratio of 109.09, a P/E/G ratio of 1.68 and a beta of 0.86. The stock has a 50-day simple moving average of $86.34 and a 200 day simple moving average of $88.37. The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 2.19.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 7,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $96.73, for a total value of $725,475.00. Following the completion of the sale, the chief executive officer now owns 563,678 shares in the company, valued at $54,524,572.94. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by corporate insiders.

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.