Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK) by 39.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,596 shares of the industrial products company’s stock after purchasing an additional 10,597 shares during the quarter. Quantinno Capital Management LP’s holdings in Crown were worth $3,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC grew its holdings in Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock worth $34,000 after buying an additional 256 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 117 shares in the last quarter. Colonial Trust Co SC boosted its stake in Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 352 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 269 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Crown by 325.1% during the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 647 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $97.00, for a total transaction of $679,000.00. Following the transaction, the chief operating officer now directly owns 135,014 shares in the company, valued at $13,096,358. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christy L. Kalaus sold 2,130 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $99.41, for a total value of $211,743.30. Following the transaction, the vice president now owns 4,500 shares in the company, valued at approximately $447,345. This trade represents a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Crown Price Performance

Shares of NYSE:CCK opened at $100.13 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $101.50. The business has a fifty day simple moving average of $89.98 and a 200 day simple moving average of $88.48. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK) last announced its quarterly earnings data on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.45. Crown had a return on equity of 25.12% and a net margin of 3.59%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period last year, the company earned $1.02 earnings per share. Crown’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.04%. Crown’s dividend payout ratio is 22.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CCK shares. Truist Financial cut their price objective on Crown from $107.00 to $97.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Barclays increased their price objective on Crown from $109.00 to $117.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. Royal Bank of Canada increased their price objective on Crown from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. UBS Group increased their price objective on Crown from $109.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. Finally, Mizuho increased their price objective on Crown from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.45.

About Crown

Crown Holdings, Inc, together with its subsidiaries, engages in the packaging business in the United States and internationally. It operates through Americas Beverage, European Beverage, Asia Pacific, and Transit Packaging segments. The company manufactures and sells recyclable aluminum beverage cans and ends, glass bottles, steel crowns, aluminum caps, non-beverage cans, and aerosol cans and closures.