Sherbrooke Park Advisers LLC Takes $828,000 Position in Crown Holdings, Inc. (NYSE:CCK)

Sherbrooke Park Advisers LLC bought a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,019 shares of the industrial products company's stock, valued at approximately $828,000.

Several other institutional investors and hedge funds have also modified their holdings of CCK. Farther Finance Advisors LLC boosted its stake in shares of Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock worth $34,000 after acquiring an additional 256 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Crown by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock worth $57,000 after acquiring an additional 117 shares during the last quarter. Colonial Trust Co SC boosted its stake in shares of Crown by 88.0% during the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after acquiring an additional 352 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Crown by 48.6% during the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock worth $68,000 after acquiring an additional 269 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Crown by 325.1% in the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock worth $70,000 after buying an additional 647 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Price Performance

Shares of NYSE CCK traded up $0.68 during mid-day trading on Monday, hitting $100.13. 1,117,686 shares of the company's stock traded hands, compared to its average volume of 1,213,278. The company's 50-day moving average is $89.98 and its two-hundred day moving average is $88.48. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.22 and a quick ratio of 0.80. The company has a market capitalization of $11.65 billion, a P/E ratio of 28.13, a PEG ratio of 1.56 and a beta of 0.76. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $101.50.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.22 by $0.45. The company 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 firm's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.02 EPS. On average, equities analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.04 annualized dividend and a yield of 1.04%. Crown's payout ratio is 22.37%.

Insider Activity at Crown

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $99.41, for a total value of $211,743.30. Following the transaction, the vice president now directly owns 4,500 shares in the company, valued at $447,345. This represents a 32.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Gerard H. Gifford sold 7,000 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $97.00, for a total transaction of $679,000.00. Following the completion of the transaction, the chief operating officer now owns 135,014 shares in the company, valued at $13,096,358. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CCK. UBS Group upped their target price on shares of Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Mizuho upped their target price on shares of Crown from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Truist Financial dropped their target price on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. StockNews.com raised shares of Crown from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Royal Bank of Canada upped their target price on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Crown currently has an average rating of "Moderate Buy" and a consensus price target of $110.45.

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.