Posted by admin on Jul 1st, 2022

IFM Investors Pty Ltd increased its holdings in Crown Holdings, Inc. (NYSE:CCK – Get Rating) by 14.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,332 shares of the industrial products company’s stock after purchasing an additional 2,495 shares during the quarter. IFM Investors Pty Ltd’s holdings in Crown were worth $2,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. McElhenny Sheffield Capital Management LLC raised its position in Crown by 0.9% in the 4th quarter. McElhenny Sheffield Capital Management LLC now owns 11,100 shares of the industrial products company’s stock worth $1,228,000 after purchasing an additional 100 shares during the period. McIlrath & Eck LLC raised its position in Crown by 11.8% in the 4th quarter. McIlrath & Eck LLC now owns 946 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 100 shares during the period. Connable Office Inc. increased its position in shares of Crown by 4.0% in the fourth quarter. Connable Office Inc. now owns 2,840 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 108 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of Crown by 3.3% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 3,430 shares of the industrial products company’s stock valued at $379,000 after acquiring an additional 110 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of Crown by 0.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,024 shares of the industrial products company’s stock valued at $1,551,000 after acquiring an additional 127 shares during the period. Institutional investors own 91.52% of the company’s stock.

NYSE:CCK opened at $92.17 on Friday. Crown Holdings, Inc. has a one year low of $88.09 and a one year high of $130.42. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.99 and a quick ratio of 0.59. The company’s 50-day simple moving average is $103.09 and its 200 day simple moving average is $112.16. The firm has a market capitalization of $11.33 billion, a P/E ratio of -20.62, a PEG ratio of 2.34 and a beta of 1.11.

Crown (NYSE:CCK – Get Rating) last posted its quarterly earnings data on Monday, April 25th. The industrial products company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.82 by $0.19. Crown had a negative net margin of 4.63% and a positive return on equity of 39.60%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm posted $1.83 earnings per share. Crown’s quarterly revenue was up 23.3% on a year-over-year basis. On average, equities research analysts expect that Crown Holdings, Inc. will post 8.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th were paid a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, May 11th. This represents a $0.88 annualized dividend and a dividend yield of 0.95%. Crown’s dividend payout ratio is presently -19.69%.

In other news, insider Djalma Novaes, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $105.38, for a total value of $526,900.00. Following the transaction, the insider now owns 80,328 shares in the company, valued at $8,464,964.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

A number of equities analysts have issued reports on CCK shares. Citigroup boosted their price objective on shares of Crown from $143.00 to $151.00 in a research report on Friday, April 8th. Mizuho decreased their price objective on shares of Crown from $131.00 to $126.00 in a research report on Wednesday, April 27th. StockNews.com assumed coverage on shares of Crown in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company lowered shares of Crown from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $150.00 to $110.00 in a research note on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $139.30.

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.

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