D.A. Davidson & CO. Has $2.99 Million Stake in Crown Holdings, Inc. (NYSE:CCK)

D.A. Davidson & CO. decreased its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,474 shares of the industrial products company's stock after selling 11,401 shares during the quarter. D.A. Davidson & CO.'s holdings in Crown were worth $2,988,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in Crown by 30.6% during the 4th quarter. AQR Capital Management LLC now owns 1,705,081 shares of the industrial products company's stock valued at $140,720,000 after purchasing an additional 399,842 shares during the period. Dimensional Fund Advisors LP boosted its stake in Crown by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,553,632 shares of the industrial products company's stock valued at $128,464,000 after purchasing an additional 12,784 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Crown by 22.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,549,470 shares of the industrial products company's stock valued at $128,126,000 after purchasing an additional 279,596 shares during the period. Norges Bank bought a new stake in shares of Crown during the 4th quarter worth about $113,568,000. Finally, Northern Trust Corp raised its position in shares of Crown by 32.0% during the 4th quarter. Northern Trust Corp now owns 1,092,911 shares of the industrial products company's stock worth $90,373,000 after buying an additional 264,803 shares in the last quarter. Institutional investors own 90.93% of the company's stock.

Crown Stock Performance

Crown stock traded down $0.44 during mid-day trading on Thursday, reaching $107.52. The company had a trading volume of 772,449 shares, compared to its average volume of 1,237,905. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 1.50. Crown Holdings, Inc. has a 52 week low of $71.62 and a 52 week high of $109.48. The company has a 50 day moving average of $100.73 and a 200-day moving average of $91.43. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.86 and a beta of 0.76.

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

Crown Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Thursday, May 15th. Crown's dividend payout ratio is 22.37%.

Insider Activity at Crown

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

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays boosted their target price on shares of Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Citigroup boosted their target price on shares of Crown from $119.00 to $129.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. UBS Group boosted their price target on shares of Crown from $114.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Crown from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 28th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.73.

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.