Chicago Partners Investment Group LLC Acquires 2,812 Shares of Crown Holdings, Inc. $CCK

Key Points

• Chicago Partners Investment Group LLC increased its stake in Crown Holdings, Inc. by 94.3%, acquiring an additional 2,812 shares to own a total of 5,793 shares worth approximately $610,000.
• Crown Holdings reported a quarterly EPS of $2.24, surpassing analysts' expectations of $1.98, with total revenue of $3.20 billion, which was higher than the anticipated $3.13 billion.
• The company announced a quarterly dividend of $0.26 per share, with a current payout ratio of 21.85% and an annualized yield of 1.0%.

Chicago Partners Investment Group LLC grew its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 94.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,793 shares of the industrial products company's stock after buying an additional 2,812 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Crown were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Crown during the 2nd quarter worth approximately $2,647,000. Carmel Capital Partners LLC lifted its position in shares of Crown by 13.0% during the 2nd quarter. Carmel Capital Partners LLC now owns 21,320 shares of the industrial products company's stock worth $2,196,000 after buying an additional 2,461 shares in the last quarter. Applied Finance Capital Management LLC bought a new position in shares of Crown during the 2nd quarter worth approximately $304,000. Nordea Investment Management AB lifted its position in shares of Crown by 16.7% during the 2nd quarter. Nordea Investment Management AB now owns 1,691,770 shares of the industrial products company's stock worth $174,015,000 after buying an additional 242,072 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Crown by 1,719.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 295,380 shares of the industrial products company's stock worth $30,418,000 after buying an additional 279,145 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

Crown Trading Up 5.4%

NYSE:CCK opened at $99.51 on Wednesday. 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 has a market capitalization of $11.58 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.35 and a beta of 0.73. The firm's 50 day moving average is $96.19 and its 200 day moving average is $97.43. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48.

Crown (NYSE:CCK - Get Free Report) last posted its quarterly earnings results on Monday, October 20th. The industrial products company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.26. The company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.13 billion. Crown had a net margin of 7.79% and a return on equity of 27.35%. Crown's revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.99 EPS. Crown has set its Q4 2025 guidance at 1.650-1.75 EPS. FY 2025 guidance at 7.700-7.80 EPS. Sell-side analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders 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 dividend on an annualized basis and a yield of 1.0%. Crown's payout ratio is presently 21.85%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

CCK has been the topic of several recent analyst reports. Citigroup dropped their target price on shares of Crown from $135.00 to $124.00 and set a "buy" rating on the stock in a research report on Monday, September 29th. Wells Fargo & Company dropped their target price on shares of Crown from $113.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 15th. JPMorgan Chase & Co. lifted their target price on shares of Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Raymond James Financial assumed coverage on shares of Crown in a research report on Wednesday, October 15th. They set an "outperform" rating and a $110.00 target price on the stock. Finally, Bank of America lifted their price target on shares of Crown from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.92.

Crown Company 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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