AlphaQuest LLC Has $2.53 Million Stake in Crown Holdings, Inc. $CCK

Key Points

• AlphaQuest LLC reduced its stake in Crown Holdings, Inc. by 17.4% in Q1, owning 28,319 shares valued at $2.5 million after selling 5,958 shares.
• Crown Holdings reported $2.15 EPS for the recent quarter, exceeding estimates of $1.86, with a revenue of $3.15 billion, up 3.6% year-over-year.
• The company announced a quarterly dividend of $0.26 per share, translating to an annualized dividend of $1.04 and a yield of 1.0%.

AlphaQuest LLC decreased its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 17.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,319 shares of the industrial products company's stock after selling 5,958 shares during the quarter. AlphaQuest LLC's holdings in Crown were worth $2,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake 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 purchasing an additional 107 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Crown by 4.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 2,858 shares of the industrial products company's stock worth $256,000 after purchasing an additional 115 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Crown by 4.9% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 2,810 shares of the industrial products company's stock worth $251,000 after purchasing an additional 131 shares during the last quarter. Brooklyn Investment Group grew its position in Crown by 39.4% in the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after purchasing an additional 184 shares during the last quarter. Finally, National Pension Service grew its position in Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Stock Performance

Shares of CCK traded down $0.6270 during trading hours on Monday, hitting $100.2330. The company had a trading volume of 636,934 shares, compared to its average volume of 1,269,587. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.54 and a beta of 0.74. The business has a fifty day moving average of $103.21 and a 200-day moving average of $95.62. Crown Holdings, Inc. has a 12 month low of $75.98 and a 12 month high of $109.48. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67.

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 net margin of 4.64% and a return on equity of 27.15%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. The company'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. Equities analysts anticipate that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.26 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Crown's dividend payout ratio is 21.85%.

Insider Activity

In related news, CAO Gerard H. Gifford sold 8,222 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $102.93, for a total value of $846,290.46. Following the transaction, the chief accounting officer directly owned 122,585 shares in the company, valued at approximately $12,617,674.05. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy J. Donahue sold 37,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were 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. This trade represents a 7.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,222 shares of company stock worth $5,873,770 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Crown from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 17th. Royal Bank Of Canada boosted their target price on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Citigroup reaffirmed a "buy" rating on shares of Crown in a research note on Wednesday, July 23rd. Mizuho lifted their price target on shares of Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Finally, Baird R W cut shares of Crown from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 17th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Crown currently has a consensus rating of "Moderate Buy" and an average price target of $120.67.

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.