Versor Investments LP Has $624,000 Stock Holdings in Crown Holdings, Inc. $CCK

Key Points

• Versor Investments LP reduced its stake in Crown Holdings, Inc. by 63.0%, now holding 6,986 shares valued at $624,000 after selling 11,875 shares.
• Crown Holdings reported quarterly earnings of $2.15 per share, exceeding analyst expectations of $1.86, and total revenue of $3.15 billion.
• The company has announced a quarterly dividend of $0.26 per share to be paid on August 21st, representing an annualized yield of 1.0%.

Versor Investments LP trimmed its position in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 63.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,986 shares of the industrial products company's stock after selling 11,875 shares during the period. Versor Investments LP's holdings in Crown were worth $624,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in Crown by 155.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,793 shares of the industrial products company's stock worth $158,000 after purchasing an additional 1,091 shares during the period. GAMMA Investing LLC lifted its position in Crown by 110.3% in the first quarter. GAMMA Investing LLC now owns 1,201 shares of the industrial products company's stock worth $107,000 after purchasing an additional 630 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Crown in the first quarter worth approximately $820,000. Nisa Investment Advisors LLC lifted its position in Crown by 4.2% in the first 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 period. Finally, State of Alaska Department of Revenue lifted its position in Crown by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 13,695 shares of the industrial products company's stock worth $1,222,000 after purchasing an additional 215 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Gerard H. Gifford sold 8,222 shares of the company'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 transaction, the chief accounting officer directly owned 122,585 shares of the company's stock, 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 can be accessed through this link. Also, CEO Timothy J. Donahue sold 37,000 shares of the company's 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 completion of the transaction, the chief executive officer directly 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 ninety days. 0.90% of the stock is currently owned by company insiders.

Crown Stock Down 0.6%

Shares of CCK traded down $0.6270 during mid-day trading on Monday, reaching $100.2330. The company's stock had a trading volume of 636,934 shares, compared to its average volume of 1,049,659. The business has a fifty day moving average of $103.21 and a 200 day moving average of $95.62. The company has a market cap of $11.67 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.54 and a beta of 0.74. Crown Holdings, Inc. has a 1 year low of $75.98 and a 1 year 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 released its earnings results on Monday, July 21st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.29. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 earnings per share. 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 earnings per share for the current fiscal year.

Crown Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Baird R W cut Crown from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 17th. Wall Street Zen raised Crown from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 17th. Wells Fargo & Company upped their price target on Crown from $101.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada upped their price target on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Loop Capital upped their price target on Crown from $129.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Nine investment 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, Crown currently has an average rating of "Moderate Buy" and an average 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.