Pallas Capital Advisors LLC Boosts Holdings in Crown Holdings, Inc. $CCK

Key Points

• Pallas Capital Advisors LLC has significantly increased its stake in Crown Holdings, Inc. by purchasing an additional 7,105 shares, bringing their total ownership to 14,492 shares valued at approximately $1.49 million.
• Recent insider transactions show that CAO Gerard H. Gifford and CEO Timothy J. Donahue sold shares in July and August respectively, reducing their holdings by 6.29% and 2.81%.
• Research analysts have a positive outlook on Crown Holdings, with multiple firms raising their price targets; the average consensus rating is a "Moderate Buy" with a target price of $120.67.

Pallas Capital Advisors LLC boosted its holdings in shares of Crown Holdings, Inc. (NYSE:CCK - Free Report) by 96.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,492 shares of the industrial products company's stock after acquiring an additional 7,105 shares during the quarter. Pallas Capital Advisors LLC's holdings in Crown were worth $1,492,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC increased its position in shares of Crown by 47.6% during the 1st quarter. Larson Financial Group LLC now owns 332 shares of the industrial products company's stock worth $30,000 after purchasing an additional 107 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Crown by 45.3% during 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 during the period. Signaturefd LLC raised its stake in shares of Crown by 161.2% in the 1st quarter. Signaturefd LLC now owns 397 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 245 shares during the period. National Pension Service lifted its holdings in shares of Crown by 74.4% in the 1st quarter. National Pension Service now owns 443 shares of the industrial products company's stock worth $40,000 after acquiring an additional 189 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Crown by 39.4% during the 1st quarter. Brooklyn Investment Group now owns 651 shares of the industrial products company's stock worth $58,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 90.93% of the company's stock.

Crown Stock Down 0.3%

NYSE CCK traded down $0.28 during trading hours on Monday, hitting $94.38. 782,803 shares of the company were exchanged, compared to its average volume of 1,274,147. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 1.67. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.45 and a beta of 0.73. The company has a 50 day moving average of $99.54 and a two-hundred day moving average of $96.71. Crown Holdings, Inc. has a 52-week low of $75.98 and a 52-week high of $109.48.

Crown (NYSE:CCK - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The industrial products company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.29. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.10 billion. Crown had a return on equity of 27.15% and a net margin of 4.64%.The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 earnings per share. Crown has set its FY 2025 guidance at 7.100-7.500 EPS. Q3 2025 guidance at 1.950-2.050 EPS. Equities research analysts anticipate 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, August 21st. Stockholders of record on Thursday, August 7th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 7th. Crown's payout ratio is 21.85%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Mizuho boosted their target price on Crown from $110.00 to $127.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Loop Capital lifted their price objective on Crown from $129.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company increased their target price on Crown from $101.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Wall Street Zen cut Crown from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Finally, UBS Group boosted their price target on shares of Crown from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Crown currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.67.

Insider Buying and Selling at Crown

In other Crown news, CAO Gerard H. Gifford sold 8,222 shares of Crown stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $102.93, for a total transaction of $846,290.46. Following the completion of the sale, the chief accounting officer directly owned 122,585 shares of the company's stock, valued at $12,617,674.05. The trade was a 6.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy J. Donahue sold 13,000 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $100.52, for a total value of $1,306,760.00. Following the transaction, the chief executive officer directly owned 449,056 shares of the company's stock, valued at approximately $45,139,109.12. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,222 shares of company stock valued at $5,873,770. Corporate insiders own 0.90% of the company's stock.

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.