Vulcan Value Partners LLC lowered its stake in shares of Crown Holdings, Inc. (NYSE:CCK – Free Report) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,303 shares of the industrial products company’s stock after selling 29,581 shares during the quarter. Crown comprises 0.7% of Vulcan Value Partners LLC’s holdings, making the stock its 25th largest holding. Vulcan Value Partners LLC’s holdings in Crown were worth $41,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCK. Root Financial Partners LLC lifted its position in shares of Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company’s stock valued at $49,000 after buying an additional 91 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Crown by 12.5% in the 4th quarter. Parallel Advisors LLC now owns 934 shares of the industrial products company’s stock worth $96,000 after buying an additional 104 shares during the last quarter. ORG Partners LLC raised its stake in shares of Crown by 52.5% during the 4th quarter. ORG Partners LLC now owns 305 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 105 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Crown by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 111 shares in the last quarter. Finally, Siemens Fonds Invest GmbH lifted its position in Crown by 7.7% during the third quarter. Siemens Fonds Invest GmbH now owns 1,626 shares of the industrial products company’s stock valued at $157,000 after acquiring an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.
Crown Trading Up 0.0%
Shares of Crown stock opened at $101.54 on Friday. The firm’s 50 day simple moving average is $99.70 and its two-hundred day simple moving average is $103.14. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.68 and a beta of 0.63. Crown Holdings, Inc. has a 12-month low of $89.21 and a 12-month high of $116.62. The company has a current ratio of 1.12, a quick ratio of 0.70 and a debt-to-equity ratio of 1.67.
Crown Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Crown’s payout ratio is currently 22.29%.
Insider Buying and Selling
In other Crown news, CEO Timothy J. Donahue sold 7,500 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $106.85, for a total transaction of $801,375.00. Following the sale, the chief executive officer owned 451,070 shares in the company, valued at approximately $48,196,829.50. The trade was a 1.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Crown from a “neutral” rating to an “overweight” rating and set a $107.00 target price for the company in a research note on Monday, May 18th. Truist Financial decreased their price objective on Crown from $135.00 to $129.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Wells Fargo & Company lowered their price objective on Crown from $111.00 to $109.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada dropped their target price on Crown from $140.00 to $129.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Finally, Bank of America reduced their target price on Crown from $131.00 to $126.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.
Get Our Latest Stock Analysis on Crown
About Crown
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.
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