Kera Capital Partners Inc. Invests $295,000 in Crown Holdings, Inc. (NYSE:CCK)

Kera Capital Partners Inc. bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 3,304 shares of the industrial products company's stock, valued at approximately $295,000.

Several other institutional investors have also made changes to their positions in the business. Exchange Traded Concepts LLC boosted its holdings in Crown by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,190 shares of the industrial products company's stock valued at $677,000 after purchasing an additional 205 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Crown by 13.9% during the 4th quarter. Blue Trust Inc. now owns 1,793 shares of the industrial products company's stock worth $148,000 after buying an additional 219 shares during the period. R Squared Ltd acquired a new stake in Crown in the 4th quarter valued at $418,000. Robeco Institutional Asset Management B.V. boosted its stake in Crown by 118.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 97,311 shares of the industrial products company's stock valued at $8,047,000 after buying an additional 52,845 shares in the last quarter. Finally, Forsta AP Fonden grew its position in Crown by 4.3% in the fourth quarter. Forsta AP Fonden now owns 26,700 shares of the industrial products company's stock valued at $2,208,000 after acquiring an additional 1,100 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Trading Down 0.0%

CCK stock traded down $0.03 during trading on Friday, hitting $98.48. The company had a trading volume of 1,403,784 shares, compared to its average volume of 1,226,327. The firm has a 50-day moving average price of $91.63 and a 200-day moving average price of $88.82. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $100.24. The company has a quick ratio of 0.80, a current ratio of 1.22 and a debt-to-equity ratio of 1.88. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.56 and a beta of 0.76.

Crown (NYSE:CCK - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.22 by $0.45. Crown had a return on equity of 25.12% and a net margin of 3.59%. The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.82 billion. During the same period last year, the firm earned $1.02 EPS. The business's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts predict that Crown Holdings, Inc. will post 6.96 earnings per share for the current year.

Crown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.04 annualized dividend and a yield of 1.06%. Crown's dividend payout ratio is currently 22.37%.

Insider Buying and Selling at Crown

In related news, 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 completion of the sale, the vice president now directly owns 4,500 shares of the company's stock, valued at $447,345. The trade was a 32.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Gerard H. Gifford sold 7,000 shares of the 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 now owns 135,014 shares in the company, valued at $13,096,358. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCK. UBS Group lifted their price objective on Crown from $109.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Wells Fargo & Company lifted their price target on shares of Crown from $89.00 to $101.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Royal Bank of Canada boosted their price target on shares of Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of Crown from a "hold" rating to a "buy" rating in a research note on Friday, February 7th. Finally, Truist Financial cut their target price on shares of Crown from $107.00 to $97.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $110.45.

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.