AQR Capital Management LLC Has $156.99 Million Holdings in Crown Holdings, Inc. $CCK

Key Points

• AQR Capital Management increased its stake in Crown Holdings, acquiring an additional 63,395 shares, bringing its total to approximately $156.99 million or 1.52% of the company.
• Crown Holdings has recently received several price target upgrades from analysts, ranging from $110 to $118, with a consensus rating of "Moderate Buy" and a price target of $120.67.
• The company reported a fiscal Q2 EPS of $2.15, exceeding analyst expectations, and also declared a quarterly dividend of $0.26 per share with a yield of 1.1%.

AQR Capital Management LLC raised its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 3.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,768,476 shares of the industrial products company's stock after purchasing an additional 63,395 shares during the quarter. AQR Capital Management LLC owned approximately 1.52% of Crown worth $156,988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCK. Larson Financial Group LLC boosted its holdings in shares of Crown by 47.6% during the 1st 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 boosted its holdings in shares of Crown by 161.2% during the 1st 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 boosted its holdings in shares of Crown by 74.4% during the 1st 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 boosted its holdings in shares of Crown by 39.4% during the 1st 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 boosted its holdings in shares of Crown by 88.0% during 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 in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Bank of America increased their price target on Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Morgan Stanley lifted their price target on shares of Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Wall Street Zen raised shares of Crown from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.67.

Insider Buying and Selling at Crown

In other news, CEO Timothy J. Donahue sold 37,000 shares of Crown stock in a transaction 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 sale, the chief executive officer directly 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 at this hyperlink. Also, 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 sale, the chief accounting officer owned 122,585 shares in the company, valued at $12,617,674.05. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,222 shares of company stock worth $5,873,770. Company insiders own 0.90% of the company's stock.

Crown Price Performance

Shares of NYSE:CCK opened at $92.19 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The stock's fifty day simple moving average is $102.58 and its two-hundred day simple moving average is $96.01. Crown Holdings, Inc. has a 1-year low of $75.98 and a 1-year high of $109.48. The stock has a market cap of $10.73 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.52 and a beta of 0.73.

Crown (NYSE:CCK - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 earnings per share for the quarter, beating 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 business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the business earned $1.81 EPS. The business's revenue was up 3.6% on a year-over-year basis. 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, analysts forecast 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. Shareholders of record on Thursday, August 7th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a yield of 1.1%. Crown's dividend payout ratio (DPR) is 21.85%.

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.

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