One Way Holdings LLC Acquires 43,140 Shares of Crown Holdings, Inc. $CCK

One Way Holdings LLC acquired a new position in shares of Crown Holdings, Inc. (NYSE:CCK) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 43,140 shares of the industrial products company’s stock, valued at approximately $4,547,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of Crown by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,977,123 shares of the industrial products company’s stock valued at $198,186,000 after purchasing an additional 32,112 shares during the period. Quantinno Capital Management LP grew its stake in Crown by 19.3% during the 1st quarter. Quantinno Capital Management LP now owns 1,156,902 shares of the industrial products company’s stock worth $115,979,000 after buying an additional 186,849 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Crown during the second quarter worth approximately $112,578,000. Nykredit A S acquired a new position in Crown during the second quarter worth approximately $99,537,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Crown in the second quarter valued at approximately $60,275,000. Institutional investors and hedge funds own 90.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CCK. Truist Financial reissued a “buy” rating and issued a $141.00 price objective (up from $129.00) on shares of Crown in a report on Wednesday, July 22nd. Wall Street Zen cut shares of Crown from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Crown from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. BMO Capital Markets increased their price target on shares of Crown from $130.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upgraded shares of Crown from a “neutral” rating to an “overweight” rating and set a $121.00 price target for the company in a research note on Friday, September 18th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.47.

Crown Trading Up 0.1%

Shares of CCK stock opened at $119.30 on Monday. The business’s 50 day moving average is $112.79 and its two-hundred day moving average is $108.45. Crown Holdings, Inc. has a twelve month low of $91.31 and a twelve month high of $122.91. The company has a market capitalization of $12.89 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.49 and a beta of 0.54. The company has a current ratio of 1.14, a quick ratio of 0.71 and a debt-to-equity ratio of 1.65.

Crown (NYSE:CCK) last issued its quarterly earnings results on Monday, October 19th. The industrial products company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.13. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.45 billion. Crown had a return on equity of 27.41% and a net margin of 5.78%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $2.24 earnings per share. Equities analysts forecast that Crown Holdings, Inc. will post 8.41 EPS for the current year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 5th. Crown’s dividend payout ratio is currently 19.50%.

Crown Company Profile

Crown Holdings, Inc (NYSE: CCK) is a global packaging company that designs, manufactures and sells metal packaging products. Its portfolio includes beverage cans, food cans, aerosol cans, closures and other specialty packaging used by consumer goods, food and beverage, household, personal care and industrial customers.

The company serves customers across North America, Europe, Asia Pacific and other international markets. Crown’s products are used for beer, soft drinks, energy drinks, canned foods, household products, personal care items and industrial materials.