Trade Report: Today: Robeco Institutional Asset Management B.V. reduces its investment in Crown Holdings Inc. (CCK)

Today: Robeco Institutional Asset Management B.V. reduces its investment in Crown Holdings Inc. (CCK)

Robeco Institutional Asset Management B.V. lowered its stake in Crown Holdings Inc. (NYSE:CCK) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 794,824 shares of the company’s stock after selling 23,325 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.57% of Crown Holdings worth $45,376,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Amalgamated Bank increased its position in Crown Holdings by 31.7% in the second quarter. Amalgamated Bank now owns 21,497 shares of the company’s stock worth $1,175,000 after buying an additional 5,180 shares in the last quarter. First Manhattan Co. increased its position in Crown Holdings by 2.9% in the second quarter. First Manhattan Co. now owns 3,089 shares of the company’s stock worth $156,000 after buying an additional 88 shares in the last quarter. Scout Investments Inc. increased its position in Crown Holdings by 11.8% in the second quarter. Scout Investments Inc. now owns 6,230 shares of the company’s stock worth $316,000 after buying an additional 656 shares in the last quarter. NN Investment Partners Holdings N.V. increased its position in Crown Holdings by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 21,613 shares of the company’s stock worth $1,095,000 after buying an additional 199 shares in the last quarter. Finally, RS Investment Management Co. LLC increased its position in Crown Holdings by 5.1% in the second quarter. RS Investment Management Co. LLC now owns 470,676 shares of the company’s stock worth $23,849,000 after buying an additional 22,646 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Crown Holdings Inc. (NYSE:CCK) opened at 54.91 on Monday. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 15.42 and a beta of 1.40. Crown Holdings Inc. has a 52-week low of $43.30 and a 52-week high of $57.49. The company’s 50-day moving average is $54.36 and its 200-day moving average is $53.61.

Crown Holdings (NYSE:CCK) last released its earnings results on Wednesday, October 19th. The company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Crown Holdings had a net margin of 5.93% and a return on equity of 91.21%. The company earned $2.33 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the business earned $1.34 EPS. The business’s revenue was down 5.4% on a year-over-year basis. Equities analysts predict that Crown Holdings Inc. will post $3.92 earnings per share for the current year.

CCK has been the subject of a number of research reports. Jefferies Group restated a “buy” rating and set a $63.00 target price (down from $64.00) on shares of Crown Holdings in a research report on Monday, October 24th. Zacks Investment Research upgraded shares of Crown Holdings from a “sell” rating to a “hold” rating in a research report on Friday, October 21st. Deutsche Bank AG set a $58.00 price objective on shares of Crown Holdings and gave the company a “hold” rating in a report on Tuesday, October 18th. Royal Bank Of Canada began coverage on shares of Crown Holdings in a report on Friday, September 30th. They issued an “outperform” rating and a $65.00 price objective for the company. Finally, RBC Capital Markets began coverage on shares of Crown Holdings in a report on Thursday, September 29th. They issued an “outperform” rating and a $65.00 price objective for the company. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $60.82.

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