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Crown Holdings, Inc. (NYSE:CCK - Get Rating) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 3,650,000 shares, a growth of 12.0% from the August 31st total of 3,260,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 3.1% of the company's stock are sold short. Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CCK shares. Deutsche Bank Aktiengesellschaft decreased their price target on Crown from $137.00 to $135.00 in a research note on Tuesday, July 19th. Wells Fargo & Company reduced their target price on Crown from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. Truist Financial cut their price objective on Crown from $147.00 to $130.00 and set a "buy" rating for the company in a report on Friday, July 22nd. UBS Group assumed coverage on Crown in a report on Thursday, September 15th. They set a "neutral" rating and a $105.00 price objective for the company. Finally, Robert W. Baird lowered their target price on shares of Crown from $165.00 to $130.00 in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $128.70.Insider Buying and Selling at Crown

In other news, VP Christy L. Kalaus sold 500 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $93.90, for a total transaction of $46,950.00. Following the sale, the vice president now directly owns 4,894 shares in the company, valued at approximately $459,546.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders. Institutional Trading of Crown

A number of institutional investors have recently modified their holdings of CCK. Franklin Resources Inc. lifted its holdings in shares of Crown by 43.3% in the second quarter. Franklin Resources Inc. now owns 4,313,314 shares of the industrial products company's stock valued at $397,558,000 after purchasing an additional 1,302,722 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Crown by 5,439.4% in the second quarter. Millennium Management LLC now owns 1,081,566 shares of the industrial products company's stock valued at $99,688,000 after purchasing an additional 1,062,041 shares in the last quarter. FMR LLC raised its holdings in Crown by 19.3% during the second quarter. FMR LLC now owns 6,232,142 shares of the industrial products company's stock worth $574,417,000 after acquiring an additional 1,006,524 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Crown by 155.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,078,563 shares of the industrial products company's stock worth $134,917,000 after acquiring an additional 656,593 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Crown by 78.7% during the second quarter. Goldman Sachs Group Inc. now owns 1,429,818 shares of the industrial products company's stock worth $131,787,000 after acquiring an additional 629,607 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors. Crown Stock Up 0.9 %

Shares of Crown stock opened at $81.03 on Monday. Crown has a 12 month low of $78.91 and a 12 month high of $130.42. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 2.50. The stock has a market cap of $9.82 billion, a PE ratio of -27.10, a price-to-earnings-growth ratio of 2.07 and a beta of 1.15. The business has a fifty day simple moving average of $93.94 and a 200 day simple moving average of $102.14.

Crown (NYSE:CCK - Get Rating) last posted its earnings results on Wednesday, July 20th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.07. Crown had a positive return on equity of 40.47% and a negative net margin of 3.07%. The firm had revenue of $3.51 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the previous year, the firm earned $2.14 earnings per share. The company's revenue was up 22.9% on a year-over-year basis. Research analysts predict that Crown will post 7.75 EPS for the current year. Crown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.09%. Crown's dividend payout ratio (DPR) is -29.43%. About Crown (Get Rating)

Crown Holdings, Inc designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. It offers products for consumer goods, including steel and aluminum cans for food and beverage industries. The company also provides products for industrial products, such as steel and plastic strap consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment to metals, food and beverage, construction, agricultural, corrugated, and general industries.Featured StoriesGet a free copy of the StockNews.com research report on Crown (CCK)Archer Daniels Midland: Dividend Hero With 49 Years Of IncreasesWill Fully Autonomous Tractors Make Deere the Tesla of Farming? Magna International is Your Auto and EV One-Stop Shop Stock EV Battery Maker Freyr Set For Major Global Expansion MarketBeat: Week in Review 9/26 – 9/30

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