Jefferies Financial Group Inc. Buys New Holdings in Crown Holdings, Inc. (NYSE:CCK)

Jefferies Financial Group Inc. bought a new stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,224 shares of the industrial products company's stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCK. Pullen Investment Management LLC acquired a new position in Crown in the fourth quarter valued at about $472,000. Mackenzie Financial Corp boosted its holdings in Crown by 112.4% in the fourth quarter. Mackenzie Financial Corp now owns 9,620 shares of the industrial products company's stock valued at $795,000 after acquiring an additional 5,090 shares during the last quarter. Forum Financial Management LP bought a new stake in Crown in the fourth quarter valued at approximately $244,000. Toronto Dominion Bank boosted its holdings in shares of Crown by 5.7% during the 4th quarter. Toronto Dominion Bank now owns 16,238 shares of the industrial products company's stock worth $1,343,000 after buying an additional 875 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Crown by 11.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 71,405 shares of the industrial products company's stock worth $5,904,000 after buying an additional 7,334 shares in the last quarter. 90.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CCK. Wall Street Zen raised Crown from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. UBS Group lifted their target price on Crown from $109.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Royal Bank of Canada lifted their price target on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Barclays boosted their target price on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Truist Financial lowered their price objective on Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.45.

Insider Transactions at Crown

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

Crown Stock Up 0.0%

Shares of NYSE CCK traded up $0.02 during trading on Wednesday, reaching $98.22. The company had a trading volume of 133,457 shares, compared to its average volume of 1,224,864. Crown Holdings, Inc. has a 12-month low of $70.84 and a 12-month high of $100.24. The stock has a market cap of $11.43 billion, a PE ratio of 27.61, a P/E/G ratio of 1.56 and a beta of 0.76. The business's 50-day moving average is $91.94 and its 200 day moving average is $88.91. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings results 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. Crown had a return on equity of 25.12% and a net margin of 3.59%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the prior year, the company posted $1.02 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, May 15th. Crown's dividend payout ratio (DPR) is currently 22.37%.

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.