Crown Holdings, Inc. $CCK Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in Crown Holdings, Inc. (NYSE:CCK) by 137.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 331,932 shares of the industrial products company’s stock after purchasing an additional 192,004 shares during the quarter. Teacher Retirement System of Texas’ holdings in Crown were worth $32,061,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CCK. Royal Bank of Canada raised its position in Crown by 24.1% during the first quarter. Royal Bank of Canada now owns 48,920 shares of the industrial products company’s stock worth $4,367,000 after acquiring an additional 9,497 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Crown by 39.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,109 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 1,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Crown during the 1st quarter worth approximately $111,000. NewEdge Advisors LLC raised its position in shares of Crown by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 5,917 shares of the industrial products company’s stock worth $528,000 after purchasing an additional 351 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Crown by 23.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 666,262 shares of the industrial products company’s stock valued at $59,471,000 after buying an additional 127,737 shares in the last quarter. 90.93% of the stock is owned by institutional investors and hedge funds.

Crown Stock Performance

NYSE CCK opened at $104.17 on Friday. The business’s 50-day moving average price is $100.65 and its 200 day moving average price is $99.25. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 1.65. Crown Holdings, Inc. has a twelve month low of $75.98 and a twelve month high of $109.48. The company has a market capitalization of $12.02 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.18 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCK. Royal Bank Of Canada raised their price target on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Truist Financial increased their price objective on Crown from $126.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Raymond James Financial reissued an “outperform” rating and issued a $115.00 target price (up previously from $110.00) on shares of Crown in a research note on Wednesday, October 22nd. Citigroup reduced their target price on shares of Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Finally, Mizuho lifted their price target on shares of Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.62.

Insider Activity

In related news, CEO Timothy J. Donahue sold 29,024 shares of the firm’s stock in a transaction that occurred 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 directly owned 411,556 shares of the company’s stock, valued at approximately $43,213,380. This trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Djalma Novaes, Jr. sold 19,754 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer owned 96,841 shares of the company’s stock, valued at approximately $9,782,877.82. The trade was a 16.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 57,254 shares of company stock worth $5,933,134. 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.