Rathbones Group PLC Invests $232,000 in Crown Holdings, Inc. $CCK

Key Points

• Rathbones Group PLC has acquired 2,595 shares of Crown Holdings, valued at approximately $232,000, indicating strong institutional interest in the company.
• Analysts have set a consensus price target of $120.67 for Crown Holdings, with most ratings being "buy" or "hold."
• Crown Holdings recently reported earnings of $2.15 per share, exceeding expectations and marking a revenue increase of 3.6% compared to the previous year.

Rathbones Group PLC purchased a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,595 shares of the industrial products company's stock, valued at approximately $232,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its position in Crown by 412.2% during the first quarter. Invesco Ltd. now owns 1,719,296 shares of the industrial products company's stock worth $153,464,000 after buying an additional 1,383,624 shares in the last quarter. Vulcan Value Partners LLC lifted its position in shares of Crown by 450.5% in the 4th quarter. Vulcan Value Partners LLC now owns 823,691 shares of the industrial products company's stock worth $68,027,000 after acquiring an additional 674,072 shares during the period. Nuveen LLC acquired a new stake in shares of Crown during the 1st quarter worth approximately $41,360,000. AQR Capital Management LLC grew its holdings in shares of Crown by 30.6% during the 4th quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock worth $140,720,000 after purchasing an additional 399,842 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Crown by 488.4% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 361,411 shares of the industrial products company's stock valued at $29,885,000 after purchasing an additional 299,990 shares during the period. Institutional investors own 90.93% of the company's stock.

Crown Price Performance

Shares of NYSE:CCK traded up $0.71 during midday trading on Tuesday, reaching $99.56. The company's stock had a trading volume of 143,045 shares, compared to its average volume of 1,278,208. The business's fifty day simple moving average is $103.22 and its 200-day simple moving average is $95.13. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The company has a market capitalization of $11.59 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.54 and a beta of 0.74.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.29. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. Crown had a net margin of 4.64% and a return on equity of 27.15%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. As a group, equities research analysts expect that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.0%. Crown's dividend payout ratio is currently 21.85%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CCK shares. Wells Fargo & Company lifted their price target on shares of Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Truist Financial reaffirmed a "hold" rating and set a $118.00 price objective (up from $117.00) on shares of Crown in a report on Wednesday, July 23rd. Bank of America lifted their target price on shares of Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Morgan Stanley increased their price target on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Finally, Barclays raised their price target on shares of Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.67.

Insider Buying and Selling

In other news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of the sale, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company's stock.

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.