Crown Holdings, Inc. (NYSE:CCK) Stock Holdings Boosted by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has increased its stake in Crown Holdings, Inc. by 19.0%, now owning approximately $9.28 million in shares.
• Several other institutional investors have also raised their holdings in Crown, with a significant increase of 161.2% in shares by Signaturefd LLC during the first quarter.
• Wall Street analysts are optimistic, with multiple brokerages raising their target prices for Crown, averaging around $120.67 and most analysts rating it as a Moderate Buy.

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 19.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,004 shares of the industrial products company's stock after acquiring an additional 16,582 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Crown worth $9,283,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CCK. Larson Financial Group LLC boosted its position in shares of Crown by 47.6% in the first quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after buying an additional 107 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of 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 buying an additional 115 shares during the period. Bessemer Group Inc. boosted its position in shares of Crown by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 34,061 shares of the industrial products company's stock worth $2,816,000 after buying an additional 138 shares during the period. Parallel Advisors LLC boosted its position in shares of Crown by 33.8% in the first quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock worth $72,000 after buying an additional 205 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of 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 buying an additional 215 shares during the period. Hedge funds and other institutional investors own 90.93% of the company's stock.

Crown Stock Performance

CCK stock traded down $0.08 on Tuesday, reaching $101.40. The company's stock had a trading volume of 169,321 shares, compared to its average volume of 1,297,466. Crown Holdings, Inc. has a 52 week low of $75.98 and a 52 week high of $109.48. The company has a market capitalization of $11.80 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.58 and a beta of 0.76. The firm has a fifty day moving average of $102.65 and a two-hundred day moving average of $93.72. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.06 and a quick ratio of 0.69.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. Crown had a return on equity of 27.15% and a net margin of 4.64%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the company posted $1.81 EPS. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts predict that Crown Holdings, Inc. will post 6.96 EPS for the current fiscal year.

Crown Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, August 7th. Crown's dividend payout ratio (DPR) is 21.85%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. UBS Group upped their target price on Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Mizuho upped their target price on Crown from $110.00 to $127.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Loop Capital increased 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. Bank of America increased their price target on Crown from $110.00 to $117.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on Crown from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.67.

Insider Buying and Selling

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $99.41, for a total transaction of $211,743.30. Following the completion of the transaction, the vice president directly owned 4,500 shares of the company's stock, valued at approximately $447,345. This trade represents a 32.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of the 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. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,352 shares of company stock valued at $1,737,034 over the last three months. Corporate insiders own 0.90% of the company's stock.

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.