124,122 Shares in Crown Holdings, Inc. (NYSE:CCK) Purchased by Achmea Investment Management B.V.

Achmea Investment Management B.V. acquired a new position in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 124,122 shares of the industrial products company's stock, valued at approximately $11,080,000. Achmea Investment Management B.V. owned approximately 0.11% of Crown as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in Crown by 160.0% in the fourth 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. Colonial Trust Co SC lifted its holdings in shares of Crown by 88.0% in the fourth quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after buying an additional 352 shares during the period. Jones Financial Companies Lllp lifted 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 valued at $70,000 after acquiring an additional 647 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Crown by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 205 shares during the last quarter. Finally, Natixis purchased a new stake in Crown in the 4th quarter worth about $91,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group raised their target price on Crown from $109.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Mizuho lifted 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 on the stock in a report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded Crown from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $111.64.

Insider Buying and Selling at Crown

In other news, VP Christy L. Kalaus sold 2,130 shares of Crown stock in a transaction on Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the transaction, the vice president now directly owns 4,500 shares of the company's stock, valued at $447,345. This trade represents a 32.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Gerard H. Gifford sold 7,000 shares of Crown stock in a transaction 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 transaction, the chief operating officer now directly owns 135,014 shares in the company, valued at approximately $13,096,358. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Crown Price Performance

NYSE:CCK traded down $1.02 during trading hours on Friday, reaching $103.43. The company had a trading volume of 1,671,447 shares, compared to its average volume of 1,245,513. The stock has a 50-day moving average of $98.02 and a two-hundred day moving average of $90.28. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 1.50. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $105.38. The firm has a market capitalization of $12.04 billion, a PE ratio of 22.24, a PEG ratio of 1.78 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 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 26.98% and a net margin of 4.62%. Crown's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 EPS. Analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.04 annualized dividend and a dividend yield of 1.01%. Crown's dividend payout ratio (DPR) is currently 22.37%.

About Crown

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.