Lbp Am Sa Increases Holdings in Crown Holdings, Inc. (NYSE:CCK)

LBP AM SA grew its holdings in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 10.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,091 shares of the industrial products company's stock after acquiring an additional 5,610 shares during the period. LBP AM SA owned about 0.05% of Crown worth $5,453,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CCK. TD Private Client Wealth LLC grew its stake in shares of Crown by 4.6% in the fourth quarter. TD Private Client Wealth LLC now owns 2,864 shares of the industrial products company's stock valued at $237,000 after buying an additional 125 shares in the last quarter. Bessemer Group Inc. grew its stake in Crown by 0.4% during the 4th quarter. Bessemer Group Inc. now owns 34,061 shares of the industrial products company's stock valued at $2,816,000 after purchasing an additional 138 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Crown by 2.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 9,372 shares of the industrial products company's stock worth $775,000 after purchasing an additional 200 shares during the last quarter. iA Global Asset Management Inc. raised its position in shares of Crown by 3.8% in the 4th quarter. iA Global Asset Management Inc. now owns 5,530 shares of the industrial products company's stock valued at $457,000 after purchasing an additional 204 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Crown by 33.8% during the 1st quarter. Parallel Advisors LLC now owns 811 shares of the industrial products company's stock valued at $72,000 after buying an additional 205 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Crown Stock Down 0.2%

Shares of Crown stock traded down $0.25 during trading on Friday, reaching $107.20. 790,270 shares of the company traded hands, compared to its average volume of 1,237,736. The company has a 50 day moving average price of $101.16 and a 200-day moving average price of $91.76. Crown Holdings, Inc. has a 1-year low of $75.33 and a 1-year high of $109.48. The firm has a market capitalization of $12.48 billion, a PE ratio of 23.05, a P/E/G ratio of 1.75 and a beta of 0.76. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.87 and a quick ratio of 0.56.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.45. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.82 billion. Crown had a return on equity of 26.98% and a net margin of 4.62%. Crown's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. As a group, equities research analysts expect that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.26 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.04 annualized dividend and a yield of 0.97%. Crown's payout ratio is 22.37%.

Insider Buying and Selling

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of the firm's 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 transaction, the vice president directly owned 4,500 shares in the company, valued at approximately $447,345. This trade represents a 32.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gerard H. Gifford sold 7,000 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $97.00, for a total transaction of $679,000.00. Following the completion of the sale, the chief operating officer owned 135,014 shares of the company's stock, valued at approximately $13,096,358. The trade was a 4.93% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

CCK has been the topic of a number of recent research reports. Royal Bank Of Canada raised their target price on Crown from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Truist Financial boosted their price objective on shares of Crown from $110.00 to $117.00 and gave the company a "hold" rating in a research report on Friday. Barclays boosted their target price on Crown from $109.00 to $117.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. UBS Group raised their price objective on shares of Crown from $114.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Bank of America upped their target price on Crown from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.55.

Crown Company 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.