APG Asset Management N.V. Sells 8,191 Shares of Crown Holdings, Inc. $CCK

Key Points

• APG Asset Management N.V. has decreased its stake in Crown Holdings, Inc. by 9.1%, selling 8,191 shares to hold 81,884 shares worth approximately $6.77 million.
• Crown Holdings reported $2.15 EPS for the quarter, surpassing analysts' expectations and indicating a 3.6% revenue increase from the previous year.
• The company recently paid a quarterly dividend of $0.26 per share, translating to an annualized yield of 1.0% with a payout ratio of 21.85%.

APG Asset Management N.V. lowered its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 9.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,884 shares of the industrial products company's stock after selling 8,191 shares during the period. APG Asset Management N.V. owned 0.07% of Crown worth $6,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its position in Crown by 47.6% during the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after buying an additional 107 shares in the last quarter. Signaturefd LLC grew its position in Crown by 161.2% during the first quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock worth $35,000 after buying an additional 245 shares in the last quarter. National Pension Service grew its position in Crown by 74.4% during the first quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after buying an additional 189 shares in the last quarter. Brooklyn Investment Group grew its position in Crown by 39.4% during the first quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after buying an additional 184 shares in the last quarter. Finally, Colonial Trust Co SC grew its position in Crown by 88.0% during the fourth 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 in the last quarter. Institutional investors own 90.93% of the company's stock.

Crown Trading Down 0.6%

Shares of CCK stock opened at $100.2330 on Tuesday. The stock's fifty day moving average price is $103.21 and its two-hundred day moving average price is $95.62. The company has a market cap of $11.67 billion, a PE ratio of 21.06, a P/E/G ratio of 1.54 and a beta of 0.74. 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 debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.06.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%.The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the business posted $1.81 EPS. The company's revenue 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. Equities analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

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

Insider Buying and Selling at Crown

In related news, CEO Timothy J. Donahue sold 13,000 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $100.52, for a total transaction of $1,306,760.00. Following the sale, the chief executive officer owned 449,056 shares of the company's stock, valued at $45,139,109.12. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the sale, the chief accounting officer directly owned 122,585 shares in the company, valued at approximately $12,617,674.05. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,222 shares of company stock worth $5,873,770. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCK. Morgan Stanley increased their price target on Crown from $114.00 to $118.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Baird R W downgraded Crown from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th. UBS Group increased their price target on Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Mizuho increased their price target on Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Robert W. Baird raised their target price on Crown from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $120.67.

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.

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