Amundi Has $55.37 Million Stock Position in Crown Holdings, Inc. $CCK

Key Points

• Amundi reduced its stake in Crown Holdings, Inc. by 23.8%, selling 194,579 shares but still owns 623,782 shares worth approximately $55.4 million.
• Several other institutional investors have made significant adjustments to their positions in Crown, including Invesco Ltd., which increased its stake by 412.2% during the first quarter.
• Crown Holdings reported $2.15 earnings per share for the last quarter, surpassing analysts' expectations, with a year-over-year revenue increase of 3.6% to $3.15 billion.

Amundi decreased its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 623,782 shares of the industrial products company's stock after selling 194,579 shares during the quarter. Amundi owned approximately 0.54% of Crown worth $55,369,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCK. Northern Trust Corp lifted its stake in Crown by 13.7% in the first quarter. Northern Trust Corp now owns 1,242,250 shares of the industrial products company's stock valued at $110,883,000 after buying an additional 149,339 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Crown by 155.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after acquiring an additional 1,091 shares during the period. GAMMA Investing LLC grew its holdings in Crown by 110.3% during the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after acquiring an additional 630 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Crown during the first quarter worth $820,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Crown by 4.2% in the first quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company's stock valued at $256,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America raised their price target on Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wells Fargo & Company raised their price target on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Loop Capital raised their price target on Crown from $129.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Truist Financial raised Crown from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research note on Friday, September 5th. Finally, Robert W. Baird raised their price target on Crown from $105.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 23rd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $120.67.

Crown Stock Down 1.1%

Crown stock traded down $1.06 during midday trading on Friday, hitting $96.53. 1,215,202 shares of the company were exchanged, compared to its average volume of 1,201,631. The company's fifty day moving average price is $101.07 and its 200-day moving average price is $96.34. The company has a market cap of $11.23 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73. 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.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings data 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. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $1.81 EPS. Crown's revenue for the quarter was up 3.6% compared to the same quarter last year. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. On average, research analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.26 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. Crown's payout ratio is currently 21.85%.

Insider Buying and Selling

In related news, CEO Timothy J. Donahue sold 37,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.56, for a total transaction of $3,720,720.00. Following the completion of the transaction, the chief executive officer owned 462,056 shares in the company, valued at $46,464,351.36. The trade was a 7.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the business's 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 transaction, the chief accounting officer owned 122,585 shares of the company's stock, valued at $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,222 shares of company stock valued at $5,873,770 in the last 90 days. 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.