Asset Management One Co. Ltd. Boosts Holdings in Crown Holdings, Inc. (NYSE:CCK)

Asset Management One Co. Ltd. increased its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,445 shares of the industrial products company's stock after buying an additional 6,572 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Crown were worth $4,146,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCK. Farther Finance Advisors LLC lifted its stake in shares of Crown by 160.0% in the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 256 shares during the last quarter. Colonial Trust Co SC raised its holdings in Crown by 88.0% in the 4th 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 position in Crown by 325.1% in the fourth quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after buying an additional 647 shares during the last quarter. Parallel Advisors LLC boosted its stake in Crown by 33.8% during the first quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock worth $72,000 after buying an additional 205 shares during the period. Finally, Natixis acquired a new stake in shares of Crown during the fourth quarter valued at about $91,000. Hedge funds and other institutional investors own 90.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial decreased their price target on Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company increased their target price on Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. 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. Wall Street Zen upgraded shares of Crown from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Barclays increased their price target on shares of Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $111.64.

Crown Stock Performance

Shares of CCK stock opened at $103.43 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.56 and a current ratio of 0.87. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 1.78 and a beta of 0.76. Crown Holdings, Inc. has a one year low of $70.84 and a one year high of $105.38. The company has a 50 day moving average price of $98.02 and a 200 day moving average price of $90.28.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.45. Crown had a return on equity of 26.98% and a net margin of 4.62%. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.82 billion. During the same quarter in the previous year, the business earned $1.02 EPS. The company's revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

The firm also recently announced 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 is presently 22.37%.

Insider Transactions at Crown

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 135,014 shares in the company, valued at $13,096,358. This trade represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christy L. Kalaus sold 2,130 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $99.41, for a total value of $211,743.30. Following the transaction, the vice president now owns 4,500 shares of the company's stock, valued at approximately $447,345. This trade represents a 32.13% 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 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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