Mn Services Vermogensbeheer B.V. Sells 4,700 Shares of Crown Holdings, Inc. (NYSE:CCK)

Mn Services Vermogensbeheer B.V. cut its stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 9.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,900 shares of the industrial products company's stock after selling 4,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Crown were worth $3,829,000 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 the business. Farther Finance Advisors LLC raised its stake in Crown by 160.0% during the 4th quarter. Farther Finance Advisors LLC now owns 416 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 256 shares during the last quarter. Colonial Trust Co SC increased its holdings in Crown by 88.0% in the 4th quarter. Colonial Trust Co SC now owns 752 shares of the industrial products company's stock valued at $62,000 after buying an additional 352 shares during the period. Parallel Advisors LLC increased its holdings in Crown by 33.8% in 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 period. Venturi Wealth Management LLC increased its holdings in Crown by 48.6% in the 4th quarter. Venturi Wealth Management LLC now owns 823 shares of the industrial products company's stock valued at $68,000 after buying an additional 269 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in Crown by 325.1% in the 4th quarter. Jones Financial Companies Lllp now owns 846 shares of the industrial products company's stock valued at $70,000 after buying an additional 647 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Crown

In other Crown news, VP Christy L. Kalaus sold 2,130 shares of Crown 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 in the company, valued at $447,345. The trade was a 32.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Gerard H. Gifford sold 7,000 shares of Crown stock in a transaction dated Friday, May 2nd. The shares were 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 owns 135,014 shares in the company, valued at approximately $13,096,358. This represents 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.

Crown Stock Up 1.0%

Shares of NYSE:CCK traded up $1.05 during midday trading on Friday, hitting $103.59. The stock had a trading volume of 2,792,146 shares, compared to its average volume of 1,240,082. The business's 50-day simple moving average is $96.12 and its 200-day simple moving average is $89.71. Crown Holdings, Inc. has a 12 month low of $70.84 and a 12 month high of $103.86. The company has a market cap of $12.06 billion, a P/E ratio of 22.28, a PEG ratio of 1.79 and a beta of 0.76. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 1.50.

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 the consensus estimate of $1.22 by $0.45. Crown had a return on equity of 26.98% and a net margin of 4.62%. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $1.02 EPS. The company's quarterly revenue was up 3.7% on a year-over-year basis. On average, sell-side analysts forecast that Crown Holdings, Inc. will post 6.96 earnings per share for the current fiscal year.

Crown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, May 15th. Crown's dividend payout ratio is currently 22.37%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCK. Wall Street Zen lowered shares of Crown from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 14th. Royal Bank Of Canada upped their target price on shares of Crown from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company upped their price target on shares of Crown from $89.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Truist Financial reduced their price target on shares of Crown from $107.00 to $97.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group upped their price target on shares of Crown from $109.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Crown presently has an average rating of "Moderate Buy" and an average target price of $110.45.

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.