State of Alaska Department of Revenue lowered its position in Crown Holdings, Inc. (NYSE:CCK) by 5.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,085 shares of the industrial products company’s stock after selling 880 shares during the period. State of Alaska Department of Revenue’s holdings in Crown were worth $823,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Nexus Investment Management Inc. acquired a new stake in Crown in the 1st quarter worth approximately $251,000. First Hawaiian Bank boosted its stake in Crown by 61.5% in the 1st quarter. First Hawaiian Bank now owns 1,641 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 625 shares in the last quarter. Deutsche Bank AG boosted its stake in Crown by 19.6% in the 4th quarter. Deutsche Bank AG now owns 186,608 shares of the industrial products company’s stock worth $7,752,000 after purchasing an additional 30,557 shares in the last quarter. Geode Capital Management LLC boosted its stake in Crown by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 1,224,664 shares of the industrial products company’s stock worth $50,871,000 after purchasing an additional 67,306 shares in the last quarter. Finally, Norges Bank acquired a new stake in Crown in the 4th quarter worth approximately $69,142,000.

Shares of NYSE CCK opened at $56.43 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.04 and a debt-to-equity ratio of 6.62. Crown Holdings, Inc. has a 12 month low of $39.05 and a 12 month high of $57.36. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.56 and a beta of 1.66.

Crown (NYSE:CCK) last announced its quarterly earnings data on Wednesday, April 17th. The industrial products company reported $1.05 EPS for the quarter, meeting the consensus estimate of $1.05. Crown had a net margin of 3.86% and a return on equity of 57.14%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the previous year, the business posted $0.94 EPS. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, equities research analysts forecast that Crown Holdings, Inc. will post 5.17 earnings per share for the current year.

In other Crown news, VP David A. Beaver sold 10,000 shares of Crown stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $53.24, for a total transaction of $532,400.00. Following the completion of the sale, the vice president now directly owns 21,417 shares in the company, valued at approximately $1,140,241.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John W. Conway sold 129,000 shares of Crown stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $53.51, for a total transaction of $6,902,790.00. Following the sale, the director now owns 1,155,464 shares of the company’s stock, valued at $61,828,878.64. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

A number of analysts recently commented on the stock. Wells Fargo & Co set a $65.00 target price on shares of Crown and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Morgan Stanley set a $56.00 target price on shares of Crown and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Zacks Investment Research cut shares of Crown from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. TheStreet upgraded shares of Crown from a “c+” rating to a “b-” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada lifted their target price on shares of Crown from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $59.56.

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About Crown

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.

Further Reading: Fiduciary

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Institutional Ownership by Quarter for Crown (NYSE:CCK)

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