GSA Capital Partners LLP Purchases 9,333 Shares of Crown Holdings, Inc. (NYSE:CCK)

GSA Capital Partners LLP raised its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 151.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,506 shares of the industrial products company's stock after buying an additional 9,333 shares during the quarter. GSA Capital Partners LLP's holdings in Crown were worth $1,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Crown by 17.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 90,245 shares of the industrial products company's stock worth $7,268,000 after purchasing an additional 13,644 shares during the period. Norges Bank acquired a new stake in Crown during the fourth quarter worth about $113,568,000. Orion Portfolio Solutions LLC grew its holdings in shares of Crown by 12.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 6,442 shares of the industrial products company's stock worth $533,000 after purchasing an additional 703 shares during the period. Allstate Corp purchased a new stake in Crown during the fourth quarter worth approximately $292,000. Finally, California Public Employees Retirement System raised its stake in shares of Crown by 28.2% in the 4th quarter. California Public Employees Retirement System now owns 287,189 shares of the industrial products company's stock valued at $23,748,000 after acquiring an additional 63,239 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Insider Activity at Crown

In related news, VP Christy L. Kalaus sold 2,130 shares of the business's stock in a transaction dated 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 owned 4,500 shares of the company's stock, valued at approximately $447,345. The trade was a 32.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $102.93, for a total value of $846,290.46. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders sold 17,352 shares of company stock valued at $1,737,034. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on CCK. Morgan Stanley raised their target price on Crown from $114.00 to $118.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. UBS Group lifted their price target on Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company boosted 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 raised their price target 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, JPMorgan Chase & Co. increased their price objective on shares of Crown from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.67.

Crown Trading Up 0.0%

Shares of CCK traded up $0.05 during midday trading on Thursday, hitting $99.40. The stock had a trading volume of 1,122,080 shares, compared to its average volume of 1,168,328. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The firm has a market cap of $11.57 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.76. Crown Holdings, Inc. has a fifty-two week low of $75.98 and a fifty-two week high of $109.48. The business has a 50-day simple moving average of $102.72 and a two-hundred day simple moving average of $93.81.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%. Crown's revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 earnings per share. As a group, equities analysts forecast that Crown Holdings, Inc. will post 6.96 EPS for the current year.

Crown Announces Dividend

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

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.