Crown Holdings, Inc. (NYSE:CCK) Stock Holdings Boosted by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,549,470 shares of the industrial products company's stock after purchasing an additional 279,596 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.30% of Crown worth $128,126,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in 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 buying an additional 256 shares in the last quarter. GAMMA Investing LLC boosted its position in Crown by 84.2% during the fourth quarter. GAMMA Investing LLC now owns 571 shares of the industrial products company's stock worth $47,000 after purchasing an additional 261 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Crown by 20.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 702 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 117 shares during the period. Colonial Trust Co SC increased its position in Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock worth $62,000 after buying an additional 352 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of Crown by 48.6% during 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. Institutional investors and hedge funds own 90.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CCK. Truist Financial reduced their target price on shares of Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley raised Crown from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $109.00 to $105.00 in a research note on Monday, January 13th. Wells Fargo & Company lifted their target price on Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Royal Bank of Canada boosted their price objective on shares of Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Barclays lifted their price objective on shares of Crown from $109.00 to $117.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.45.

Insider Buying and Selling

In other news, 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 sale, the chief operating officer now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by insiders.

Crown Stock Down 0.2 %

CCK opened at $97.14 on Friday. Crown Holdings, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $98.48. The company's 50-day moving average is $88.87 and its 200 day moving average is $88.33. 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 firm has a market capitalization of $11.36 billion, a P/E ratio of 27.29, a PEG ratio of 1.56 and a beta of 0.76.

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, topping analysts' consensus estimates of $1.22 by $0.45. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.82 billion. Crown had a return on equity of 25.12% and a net margin of 3.59%. Crown's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.02 earnings per share. Research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. Crown's payout ratio is currently 22.37%.

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.

Want to see what other hedge funds are holding CCK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crown Holdings, Inc. (NYSE:CCK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.