Russell Investments Group Ltd. Sells 109,282 Shares of Crown Holdings, Inc. $CCK

Russell Investments Group Ltd. reduced its stake in Crown Holdings, Inc. (NYSE:CCK) by 14.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 646,720 shares of the industrial products company’s stock after selling 109,282 shares during the period. Russell Investments Group Ltd.’s holdings in Crown were worth $66,601,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in CCK. Cetera Investment Advisers increased its position in Crown by 25.4% in the first quarter. Cetera Investment Advisers now owns 9,786 shares of the industrial products company’s stock worth $874,000 after buying an additional 1,985 shares during the last quarter. Assetmark Inc. increased its holdings in Crown by 12,839.1% in the 1st quarter. Assetmark Inc. now owns 11,904 shares of the industrial products company’s stock worth $1,063,000 after acquiring an additional 11,812 shares during the last quarter. HB Wealth Management LLC bought a new stake in Crown in the 1st quarter valued at about $537,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Crown by 36.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,450 shares of the industrial products company’s stock valued at $7,895,000 after purchasing an additional 23,762 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Crown by 33.9% during the first quarter. LPL Financial LLC now owns 31,973 shares of the industrial products company’s stock worth $2,854,000 after purchasing an additional 8,092 shares during the period. Hedge funds and other institutional investors own 90.93% of the company’s stock.

Crown Stock Performance

NYSE:CCK opened at $96.99 on Friday. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.30 and a beta of 0.78. The business has a 50 day moving average of $95.95 and a 200 day moving average of $99.06. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48.

Crown (NYSE:CCK) last posted its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.26. Crown had a net margin of 7.79% and a return on equity of 27.35%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the business posted $1.99 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. On average, sell-side analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 6th. Crown’s payout ratio is presently 12.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCK. Citigroup lowered their target price on shares of Crown from $135.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, September 29th. Mizuho boosted their price objective on Crown from $116.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada increased their price objective on Crown from $116.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Wells Fargo & Company lifted their target price on Crown from $97.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Crown from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Crown currently has a consensus rating of “Moderate Buy” and an average price target of $118.08.

Crown Profile

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.