Crown Holdings, Inc. (NYSE:CCK) Holdings Decreased by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 25.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,474 shares of the industrial products company's stock after selling 11,401 shares during the period. D.A. Davidson & CO.'s holdings in Crown were worth $2,988,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CCK. Norges Bank purchased a new stake in shares of Crown in the 4th quarter valued at $113,568,000. Thompson Siegel & Walmsley LLC acquired a new stake in Crown during the fourth quarter valued at $66,732,000. Vulcan Value Partners LLC grew its position in Crown by 450.5% during the fourth quarter. Vulcan Value Partners LLC now owns 823,691 shares of the industrial products company's stock valued at $68,027,000 after buying an additional 674,072 shares during the period. Renaissance Technologies LLC grew its position in Crown by 146.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,008,500 shares of the industrial products company's stock valued at $83,393,000 after buying an additional 599,000 shares during the period. Finally, AQR Capital Management LLC grew its position in Crown by 30.6% during the fourth quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock valued at $140,720,000 after buying an additional 399,842 shares during the period. 90.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Crown news, COO Gerard H. Gifford sold 7,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total value of $679,000.00. Following the sale, the chief operating officer directly owned 135,014 shares in the company, valued at approximately $13,096,358. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christy L. Kalaus sold 2,130 shares of Crown stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $99.41, for a total transaction of $211,743.30. Following the sale, the vice president owned 4,500 shares in the company, valued at approximately $447,345. This represents a 32.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Crown Trading Down 0.1%

Shares of CCK stock traded down $0.09 during trading hours on Wednesday, hitting $108.03. 782,983 shares of the company were exchanged, compared to its average volume of 1,239,767. Crown Holdings, Inc. has a 1 year low of $71.62 and a 1 year high of $109.12. The firm has a fifty day moving average of $100.73 and a 200 day moving average of $91.43. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 1.50. The firm has a market cap of $12.57 billion, a PE ratio of 23.23, a PEG ratio of 1.86 and a beta of 0.76.

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

Crown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Thursday, May 15th. Crown's payout ratio is currently 22.37%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CCK shares. Citigroup raised their price target on shares of Crown from $119.00 to $129.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Morgan Stanley increased their target price 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. Truist Financial cut their price objective on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Royal Bank Of Canada raised their price objective on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company increased their target price on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Crown has an average rating of "Moderate Buy" and an average price target of $115.73.

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.