Janus Henderson Group PLC Has $169.05 Million Stock Position in Crown Holdings, Inc. (NYSE:CCK)

Janus Henderson Group PLC trimmed its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 27.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,044,383 shares of the industrial products company's stock after selling 778,711 shares during the quarter. Janus Henderson Group PLC owned 1.71% of Crown worth $169,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 256 shares in the last quarter. GAMMA Investing LLC grew its holdings in Crown by 84.2% during the 4th quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock valued at $47,000 after buying an additional 261 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 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 fourth quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 352 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Crown by 48.6% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCK. Royal Bank of Canada lifted their price target on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Barclays boosted their price target on Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Wells Fargo & Company upped their target price on Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Truist Financial lowered their price target on Crown from $107.00 to $97.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, StockNews.com raised shares of Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $110.45.

Crown Stock Down 0.2%

NYSE:CCK traded down $0.16 during mid-day trading on Friday, hitting $99.42. The company had a trading volume of 1,419,721 shares, compared to its average volume of 1,209,755. Crown Holdings, Inc. has a 1 year low of $70.84 and a 1 year high of $101.07. The business has a fifty day simple moving average of $89.55 and a 200-day simple moving average of $88.49. 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 firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.56 and a beta of 0.76.

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

Crown Announces Dividend

The company also recently disclosed 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 is Thursday, May 15th. This represents a $1.04 dividend on an annualized basis and a yield of 1.05%. Crown's payout ratio is currently 22.37%.

Insider Activity

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the firm's stock in a transaction that occurred on 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 sale, the chief operating officer now owns 135,014 shares in the company, valued at $13,096,358. This trade represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.