Crown Holdings, Inc. (NYSE:CCK) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 495.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,819 shares of the industrial products company's stock after purchasing an additional 52,272 shares during the period. Brown Brothers Harriman & Co. owned about 0.05% of Crown worth $5,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CCK. M&T Bank Corp increased its holdings in Crown by 3.0% in the fourth quarter. M&T Bank Corp now owns 4,986 shares of the industrial products company's stock valued at $414,000 after buying an additional 146 shares in the last quarter. Brinker Capital Investments LLC increased its holdings in Crown by 1.3% in the fourth quarter. Brinker Capital Investments LLC now owns 12,683 shares of the industrial products company's stock valued at $1,043,000 after buying an additional 158 shares in the last quarter. AE Wealth Management LLC increased its holdings in Crown by 3.5% in the first quarter. AE Wealth Management LLC now owns 5,561 shares of the industrial products company's stock valued at $460,000 after buying an additional 186 shares in the last quarter. Mariner LLC increased its holdings in Crown by 0.7% in the fourth quarter. Mariner LLC now owns 26,867 shares of the industrial products company's stock valued at $2,209,000 after buying an additional 192 shares in the last quarter. Finally, Picton Mahoney Asset Management increased its holdings in Crown by 10.0% in the first quarter. Picton Mahoney Asset Management now owns 2,138 shares of the industrial products company's stock valued at $177,000 after buying an additional 195 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

Shares of CCK traded down $0.18 during mid-day trading on Friday, reaching $88.37. The company had a trading volume of 125,019 shares, compared to its average volume of 1,154,922. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.84 and a beta of 1.09. The firm has a fifty day simple moving average of $88.97 and a 200-day simple moving average of $84.61. Crown Holdings, Inc. has a fifty-two week low of $66.00 and a fifty-two week high of $100.39. The company has a current ratio of 1.30, a quick ratio of 0.76 and a debt-to-equity ratio of 2.57.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Monday, July 24th. The industrial products company reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.03. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.46 billion. Crown had a net margin of 3.84% and a return on equity of 27.45%. Crown's revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter last year, the business earned $2.10 EPS. On average, sell-side analysts anticipate that Crown Holdings, Inc. will post 6.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a $0.24 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.09%. Crown's dividend payout ratio (DPR) is presently 24.24%.

A number of research analysts have issued reports on CCK shares. Citigroup increased their target price on shares of Crown from $102.00 to $114.00 in a report on Wednesday, July 26th. StockNews.com began coverage on shares of Crown in a research note on Thursday, August 17th. They set a "sell" rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Crown from $88.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, August 10th. Loop Capital raised their price objective on shares of Crown from $112.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday, July 26th. Finally, Wells Fargo & Company raised their price objective on shares of Crown from $80.00 to $86.00 in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.38.

Check Out Our Latest Stock Analysis on CCK

In related news, VP Christy L. Kalaus sold 1,914 shares of Crown stock in a transaction on Monday, August 7th. The shares were sold at an average price of $90.67, for a total transaction of $173,542.38. Following the transaction, the vice president now owns 7,500 shares in the company, valued at approximately $680,025. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company's stock.

Crown Holdings, Inc, together with its subsidiaries, supplies rigid packaging products in Pennsylvania and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The Americas Beverage segment manufactures recyclable aluminum beverage cans and ends, glass bottles, steel crowns, and aluminum caps.

Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCK - Free Report).

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