Pacer Advisors Inc. Reduces Stock Position in Crown Holdings, Inc. $CCK

Key Points

• Pacer Advisors sharply reduced its Crown Holdings stake by 97.6% in the first quarter, selling 536,168 shares and retaining 13,261 shares valued at about $1.3 million. Institutional investors collectively own 90.93% of Crown’s stock.
• Crown reported strong quarterly results, with EPS of $2.49 beating estimates by $0.33 and revenue rising 16.5% year over year to $3.67 billion. The company issued third-quarter EPS guidance of $2.20–$2.30 and full-year guidance of $8.30–$8.50.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $128.20, while Crown declared a quarterly dividend of $0.35 per share, representing a 1.2% annualized yield.

Pacer Advisors Inc. cut its stake in Crown Holdings, Inc. (NYSE:CCK - Free Report) by 97.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,261 shares of the industrial products company's stock after selling 536,168 shares during the quarter. Pacer Advisors Inc.'s holdings in Crown were worth $1,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in Crown in the 3rd quarter worth about $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of Crown by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 356 shares of the industrial products company's stock worth $32,000 after buying an additional 111 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of Crown in the fourth quarter valued at approximately $42,000. Smartleaf Asset Management LLC grew its stake in Crown by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 440 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 151 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in Crown by 23.8% during the fourth quarter. Root Financial Partners LLC now owns 473 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 91 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Crown Stock Performance

Shares of NYSE CCK opened at $120.85 on Friday. The stock's 50-day moving average is $109.25 and its 200 day moving average is $106.28. The stock has a market cap of $13.14 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.69 and a beta of 0.59. Crown Holdings, Inc. has a 1-year low of $89.21 and a 1-year high of $122.91. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 1.63.

Crown (NYSE:CCK - Get Free Report) last issued its earnings results on Monday, July 20th. The industrial products company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.33. Crown had a return on equity of 27.33% and a net margin of 5.91%.The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the firm earned $2.15 earnings per share. Crown's revenue for the quarter was up 16.5% on a year-over-year basis. Crown has set its Q3 2026 guidance at 2.200-2.30 EPS and its FY 2026 guidance at 8.300-8.50 EPS. On average, sell-side analysts anticipate that Crown Holdings, Inc. will post 8.39 EPS for the current fiscal year.

Crown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. Crown's dividend payout ratio is 20.14%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Crown in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Crown from a "hold" rating to a "buy" rating in a report on Saturday, June 20th. Bank of America increased their price objective on Crown from $129.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Truist Financial reissued a "buy" rating and set a $141.00 price objective (up from $129.00) on shares of Crown in a research note on Wednesday, July 22nd. Finally, Mizuho boosted their target price on Crown from $130.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $128.20.

Insider Activity at Crown

In related news, CEO Timothy J. Donahue sold 15,000 shares of Crown stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $105.00, for a total value of $1,575,000.00. Following the transaction, the chief executive officer owned 436,070 shares in the company, valued at $45,787,350. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.90% of the company's stock.

About Crown

Crown Holdings, Inc is a leading global supplier of rigid packaging products for consumer goods markets. The company designs, manufactures and sells metal packaging for beverage, food, household, personal care and specialty products. Its portfolio includes aluminum and steel beverage cans, steel food cans, aluminum aerosols, metal closures and ends, offering customers end-to-end solutions from design and prototyping to large-scale production.

Founded in 1919 as the Crown Cork & Seal Company, Crown has grown through strategic acquisitions and investments in advanced manufacturing technologies.

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