Marshall & Sullivan Inc. WA Acquires 326 Shares of Crown Holdings, Inc. (NYSE:CCK)

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Marshall & Sullivan Inc. WA boosted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,189 shares of the industrial products company’s stock after purchasing an additional 326 shares during the quarter. Crown comprises approximately 3.2% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 14th largest position. Marshall & Sullivan Inc. WA’s holdings in Crown were worth $4,306,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. HM Payson & Co. bought a new stake in shares of Crown in the 2nd quarter worth approximately $31,000. Advisory Services Network LLC bought a new stake in shares of Crown in the 1st quarter worth approximately $32,000. Oakworth Capital Inc. bought a new stake in shares of Crown in the 2nd quarter worth approximately $42,000. Rockefeller Capital Management L.P. lifted its position in shares of Crown by 53.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 691 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 240 shares during the period. Finally, First Personal Financial Services lifted its position in shares of Crown by 73.7% in the 2nd quarter. First Personal Financial Services now owns 1,002 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 425 shares during the period. Hedge funds and other institutional investors own 96.17% of the company’s stock.

In related news, COO Gerard H. Gifford sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $67.92, for a total transaction of $679,200.00. Following the completion of the sale, the chief operating officer now directly owns 152,292 shares of the company’s stock, valued at approximately $10,343,672.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.90% of the company’s stock.

CCK has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on Crown from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. ValuEngine cut Crown from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Crown from a “sell” rating to a “hold” rating and set a $67.00 target price for the company in a report on Tuesday, September 10th. Citigroup set a $75.00 target price on Crown and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $75.00 target price (up from $65.00) on shares of Crown in a report on Friday, September 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.60.

Shares of CCK opened at $64.15 on Friday. Crown Holdings, Inc. has a 1 year low of $39.05 and a 1 year high of $68.84. The company has a current ratio of 1.17, a quick ratio of 0.66 and a debt-to-equity ratio of 5.13. The stock has a 50 day simple moving average of $64.53 and a 200-day simple moving average of $61.10. The stock has a market cap of $8.49 billion, a PE ratio of 12.34, a PEG ratio of 1.76 and a beta of 1.55.

Crown (NYSE:CCK) last issued its earnings results on Wednesday, July 17th. The industrial products company reported $1.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.03). Crown had a return on equity of 48.36% and a net margin of 3.91%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period in the previous year, the company posted $1.55 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. On average, sell-side analysts forecast that Crown Holdings, Inc. will post 5.09 EPS for the current fiscal year.

Crown Profile

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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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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