Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Holdings in Crown Holdings, Inc. $CCK

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 20.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,886 shares of the industrial products company’s stock after buying an additional 24,793 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Crown were worth $14,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Crown by 19.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 633 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 104 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Crown by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 111 shares during the period. ProShare Advisors LLC grew its holdings in shares of Crown by 2.3% in the second quarter. ProShare Advisors LLC now owns 5,101 shares of the industrial products company’s stock worth $525,000 after purchasing an additional 113 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Crown by 1.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,477 shares of the industrial products company’s stock worth $983,000 after buying an additional 114 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Crown by 103.1% in the third quarter. Harbor Capital Advisors Inc. now owns 264 shares of the industrial products company’s stock worth $25,000 after buying an additional 134 shares during the period. Institutional investors own 90.93% of the company’s stock.

Insider Activity at Crown

In other Crown news, COO Djalma Novaes, Jr. sold 19,754 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $101.02, for a total value of $1,995,549.08. Following the completion of the transaction, the chief operating officer owned 96,841 shares in the company, valued at approximately $9,782,877.82. This represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Donahue sold 29,024 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 411,556 shares of the company’s stock, valued at $43,213,380. This represents a 6.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,254 shares of company stock valued at $5,933,134 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. UBS Group increased their target price on shares of Crown from $125.00 to $126.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Royal Bank Of Canada raised their target price on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Citigroup lowered their price target on Crown from $135.00 to $124.00 and set a “buy” rating for the company in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Crown in a research report on Monday, December 29th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $119.62.

Crown Price Performance

CCK stock opened at $104.17 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.16 and a quick ratio of 0.76. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year high of $109.48. The firm has a 50-day moving average of $100.65 and a 200 day moving average of $99.25. The company has a market cap of $12.02 billion, a P/E ratio of 12.89, a PEG ratio of 1.18 and a beta of 0.75.

Crown 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.