Crown Holdings, Inc. (NYSE:CCK) Shares Acquired by PDT Partners LLC

PDT Partners LLC increased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,913 shares of the industrial products company’s stock after acquiring an additional 8,913 shares during the quarter. PDT Partners LLC’s holdings in Crown were worth $2,556,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CCK. Farther Finance Advisors LLC grew its holdings in shares of Crown by 160.0% during the fourth quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 256 shares during the last quarter. GAMMA Investing LLC grew its stake in Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company’s stock worth $47,000 after buying an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Crown by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company’s stock worth $57,000 after buying an additional 117 shares during the period. Venturi Wealth Management LLC lifted its stake in Crown by 48.6% in the fourth quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company’s stock valued at $68,000 after buying an additional 269 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Crown by 325.1% during the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 647 shares during the period. Institutional investors own 90.93% of the company’s stock.

Crown Price Performance

Shares of Crown stock opened at $96.73 on Wednesday. Crown Holdings, Inc. has a 52 week low of $70.84 and a 52 week high of $98.46. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88. The stock has a market cap of $11.31 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79. The company’s 50-day moving average price is $87.39 and its two-hundred day moving average price is $88.23.

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

Crown Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were given a $0.26 dividend. This is a positive change from Crown’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.08%. Crown’s dividend payout ratio (DPR) is 29.21%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Crown from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Barclays cut their price target on Crown from $112.00 to $109.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Truist Financial decreased their price objective on Crown from $107.00 to $97.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Bank of America cut their target price on Crown from $107.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup increased their price target on Crown from $110.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.75.

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.