AQR Capital Management LLC Has $140.72 Million Stock Holdings in Crown Holdings, Inc. (NYSE:CCK)

AQR Capital Management LLC grew its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,705,081 shares of the industrial products company's stock after buying an additional 399,842 shares during the period. AQR Capital Management LLC owned 1.43% of Crown worth $140,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCK. Northern Trust Corp boosted its position in Crown by 32.0% during the fourth quarter. Northern Trust Corp now owns 1,092,911 shares of the industrial products company's stock worth $90,373,000 after purchasing an additional 264,803 shares during the period. Vulcan Value Partners LLC boosted its holdings in shares of Crown by 450.5% during the 4th quarter. Vulcan Value Partners LLC now owns 823,691 shares of the industrial products company's stock worth $68,027,000 after buying an additional 674,072 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in Crown in the 4th quarter valued at about $2,507,000. Hancock Whitney Corp bought a new position in Crown in the 4th quarter valued at about $341,000. Finally, Integrated Wealth Concepts LLC lifted its position in Crown by 16.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 2,948 shares of the industrial products company's stock worth $244,000 after acquiring an additional 409 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCK has been the topic of a number of recent research reports. Barclays increased their target price on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday. Truist Financial dropped their target price on Crown from $107.00 to $97.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. StockNews.com upgraded shares of Crown from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Morgan Stanley upgraded shares of Crown from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $109.00 to $105.00 in a research note on Monday, January 13th. Finally, Wells Fargo & Company increased their target price on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Crown currently has a consensus rating of "Moderate Buy" and an average target price of $110.45.

Crown Price Performance

Shares of CCK stock traded up $0.87 on Friday, hitting $96.98. 1,491,549 shares of the company's stock were exchanged, compared to its average volume of 1,200,402. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $98.48. 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 50 day moving average of $87.93 and a 200 day moving average of $88.33. The stock has a market cap of $11.34 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.56 and a beta of 0.79.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $1.02 EPS. On average, equities research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.04 annualized dividend and a yield of 1.07%. Crown's dividend payout ratio is presently 22.37%.

Insider Transactions at Crown

In related news, COO Gerard H. Gifford sold 7,000 shares of Crown stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $97.00, for a total transaction of $679,000.00. Following the sale, the chief operating officer now directly owns 135,014 shares in the company, valued at $13,096,358. This trade represents a 4.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company's stock.

Crown Company 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.