One Way Holdings LLC Makes New $4.55 Million Investment in Crown Holdings, Inc. $CCK

Key Points

• One Way Holdings LLC acquired 43,140 Crown Holdings shares worth approximately $4.55 million in the third quarter. Institutional investors collectively own 90.93% of Crown’s outstanding stock.
• Crown reported quarterly EPS of $2.39, beating estimates of $2.26, while revenue rose 15.9% year over year to $3.71 billion. Analysts expect full-year EPS of $8.41.
• Crown declared a quarterly dividend of $0.35 per share, equivalent to $1.40 annually and a 1.2% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $128.47.

One Way Holdings LLC bought a new stake in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,140 shares of the industrial products company's stock, valued at approximately $4,547,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Community Bank N.A. purchased a new stake in Crown during the second quarter valued at $32,000. Pension & Wealth Management Advisors Inc. bought a new stake in Crown during the 3rd quarter valued at approximately $32,000. Elevation Wealth Partners LLC lifted its holdings in shares of Crown by 628.8% in the second quarter. Elevation Wealth Partners LLC now owns 481 shares of the industrial products company's stock worth $54,000 after buying an additional 415 shares in the last quarter. Ballast Advisors LLC bought a new position in Crown during the first quarter valued at approximately $57,000. Finally, Root Financial Partners LLC bought a new position in Crown during the third quarter valued at $99,000. Institutional investors own 90.93% of the company's stock.

Crown Price Performance

Shares of CCK opened at $119.30 on Monday. The firm's fifty day simple moving average is $112.79 and its 200-day simple moving average is $108.45. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.49 and a beta of 0.54. Crown Holdings, Inc. has a twelve month low of $91.31 and a twelve month high of $122.91. The company has a current ratio of 1.14, a quick ratio of 0.71 and a debt-to-equity ratio of 1.65.

Crown (NYSE:CCK - Get Free Report) last released its quarterly earnings data on Monday, October 19th. The industrial products company reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.13. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.45 billion. Crown had a return on equity of 27.41% and a net margin of 5.78%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.24 EPS. Equities analysts forecast that Crown Holdings, Inc. will post 8.41 EPS for the current fiscal year.

Crown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $1.40 dividend on an annualized basis and a yield of 1.2%. Crown's dividend payout ratio (DPR) is presently 19.50%.

Wall Street Analysts Forecast Growth

CCK has been the topic of several analyst reports. BMO Capital Markets boosted their target price on Crown from $130.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. UBS Group boosted their target price on shares of Crown from $116.00 to $118.00 and gave the stock a "neutral" rating in a report on Wednesday, October 21st. Robert W. Baird upped their target price on Crown from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, July 22nd. Wells Fargo & Company reaffirmed a "cautious" rating on shares of Crown in a report on Monday, October 19th. Finally, Royal Bank Of Canada increased their target price on shares of Crown from $131.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.47.

About Crown

Crown Holdings, Inc NYSE: CCK is a global packaging company that designs, manufactures and sells metal packaging products. Its portfolio includes beverage cans, food cans, aerosol cans, closures and other specialty packaging used by consumer goods, food and beverage, household, personal care and industrial customers.

The company serves customers across North America, Europe, Asia Pacific and other international markets. Crown's products are used for beer, soft drinks, energy drinks, canned foods, household products, personal care items and industrial materials.

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